@Chris23：I'm not surprised that Singapore is listed as the most expensive city to live in. This can be attributed to our limited resources especially in terms of land which leads to a higher cost of living. Singapore is a capitalist society and operates an open economic system which encourages free trade. While this has brought prosperity to the nation, it has also created several harmful consequences such as a high cost of living. People who are well educated and who come from a rich background tend to benefit the most, while the poor tend to suffer from income inequality. Rich people are able to spend lavishly on property and other assets, creating bubbles which the middle and lower income population are unable to afford. As a result, we see fewer and fewer people buying houses, cars andother expensive good as they are unable to keep up with the cost of living. Unfortunately, this is the harsh truth of living in a capitalist society. Unless, you come from a super rich background, the only way to keepup with inflation is to start investing from a young age and compound wealth over time. By buying assets instead of spedning money on liabilities, you will be able to generate greater cash flows in the future which provide you with a higher standard of living. Therefore, one should cultivate the habit of investing from a young age in order to create a better future for oneself. @TigerStars @CaptainTiger @TigerEvents Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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