Elderly care is a big topic. Come next year Singapore will attain its super aged status, with 20 percent of citizens aged 65 or older. Some readers sent me questions after reading my last blog post “Overseas retirement – what you don’t know”. They are interested to know the possibilities of retiring in foreign countries. Most are researching for their own retirement plan. … [Read more...]
Solution to aging population – more babies or more immigrants
Singapore has a rapidly aging population. Next year we will be a “super aged” country with over one in five aged 65 years old or above. By 2030, one in four Singaporeans will be 65 or older. The two main factors behind an aging population are longer life expectancy and fewer births. An aging population heading for population decline According to the latest data from … [Read more...]
A Chinese New Year trip back home
This Chinese New Year we went back to my hometown in Hong Kong. The last time we did so was seven years ago in 2018. Same as previous times, we booked the hotel near Victoria Park. One room offered unblocked seaview of the Victoria Harbour so we could watch evening fireworks with relatives on the second day of Chinese New Year. Victoria Park Chinese New Year flower … [Read more...]
Debt is stupid
“Debt is dumb. Cash is king.” - Dave Ramsey, American millionaire, author and radio personality “The Last Dance” Early this week I went Johor Bahru to watch the original Cantonese version of “The Last Dance” (破地狱). The Hong Kong film has broken six box office records, including highest opening day and total gross, taking in HK$100 million revenue 20 days after … [Read more...]
Who wants to be a Millionaire?
A millionaire or a HNWI (High Net Worth Individual) is someone with a liquid investable wealth of US$1 million or above. The amount only includes cash, debt-free residential properties, and listed company holdings. Henley & Partners, in partnership with wealth intelligence firm New World Wealth, released the 2024 World’s Wealthiest Cities Report. It tracks the movements of … [Read more...]