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02-22
Replying to @koolgal:indeed correct👏, Prepare for a rainy day.//@koolgal:

🌟🌟🌟The Singapore Government has done an excellent job in providing a stable, safe and great place to bring up my family.  However high inflation has slowly but surely eroded the intrinsic value of my hard earned dollars. 

The Special payment of SGD 200 to SGD 400 to help with the higher cost of living is a lovely gesture from our government.  However the onus is on me to make sure that my income covers the increased cost of living  due to high inflation. 

That is why it is important for me to invest in the markets to generate a passive income through dividends and capital growth. 

The reality is sitting on cash alone will not be sufficient to cover the cost of living.  So it is time to make hay while the sun shines so that I can have a wonderful retirement. 

@Tiger_chat  @TigerStars  @Tiger_SG  

Budget 2024: Can $400 Ease Your Living Costs?
A Cost-of-Living Special Payment will be provided to eligible Singaporeans in September 2024, ranging between $200 and $400 in cash. A survey conducted by Milieu Insight revealed that 62% of the 1,002 respondents felt that the government's latest budget measures were insufficient to help them cope with the rising cost of living. ----------------- How do you view? Are you eligible for the special payment?
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