Singapore Has 244,000 Millionaires. Why Does Almost No One Feel Rich? 🦖

The Investing Iguana

Singapore Has 244,000 Millionaires. Why Does Almost No One Feel Rich? 🦖

🔍 The Angle

Singapore now has about 244,000 US dollar millionaires and an average adult wealth of roughly US$527,000, yet almost nobody I talk to actually feels rich. When I pulled the report apart, the real story was how much of that “millionaire” status is trapped inside a home you live in and CPF you cannot touch. The headline sounds like prosperity, the balance sheet feels like pressure.

💰 What It Means For You

If most of your net worth sits in a fully lived‑in flat and CPF that is still years from drawdown, your day‑to‑day income risk has very little to do with whether Singapore has 244,000 millionaires or 2 million. The real test is how much of your number today is liquid and paying you, versus locked and only useful if you sell, downgrade, or wait. That is why I keep coming back to the same homework, take your own balance sheet and split it cleanly into “spendable now” and “locked for later,” then plan your CPF and SRS moves from that, not from any National Day wealth statistic.

📺 YouTube: https://youtu.be/yVz_7aevk30

📩 Substack: https://investingiguana.com/p/singapore-has-244000-millionaires

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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Why Does Almost No One Feel Rich? 🦖","html":"<html><head></head><body><p></p>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/3a322e073c18aa03b48f60ff0b72047c\" tg-width=\"1920\" tg-height=\"1080\"></p>\n<p><strong>Singapore Has 244,000 Millionaires. Why Does Almost No One Feel Rich? 🦖</strong></p>\n<p>🔍 The Angle</p>\n<p>Singapore now has about 244,000 US dollar millionaires and an average adult wealth of roughly US$527,000, yet almost nobody I talk to actually feels rich. When I pulled the report apart, the real story was how much of that “millionaire” status is trapped inside a home you live in and CPF you cannot touch. The headline sounds like prosperity, the balance sheet feels like pressure.</p>\n<p>💰 What It Means For You</p>\n<p>If most of your net worth sits in a fully lived‑in flat and CPF that is still years from drawdown, your day‑to‑day income risk has very little to do with whether Singapore has 244,000 millionaires or 2 million. The real test is how much of your number today is liquid and paying you, versus locked and only useful if you sell, downgrade, or wait. That is why I keep coming back to the same homework, take your own balance sheet and split it cleanly into “spendable now” and “locked for later,” then plan your CPF and SRS moves from that, not from any National Day wealth statistic.</p>\n<p>📺 YouTube: https://youtu.be/yVz_7aevk30</p>\n<p>📩 Substack: https://investingiguana.com/p/singapore-has-244000-millionaires</p></body></html>","htmlText":"<html><head></head><body><p></p>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/3a322e073c18aa03b48f60ff0b72047c\" tg-width=\"1920\" tg-height=\"1080\"></p>\n<p><strong>Singapore Has 244,000 Millionaires. Why Does Almost No One Feel Rich? 🦖</strong></p>\n<p>🔍 The Angle</p>\n<p>Singapore now has about 244,000 US dollar millionaires and an average adult wealth of roughly US$527,000, yet almost nobody I talk to actually feels rich. When I pulled the report apart, the real story was how much of that “millionaire” status is trapped inside a home you live in and CPF you cannot touch. The headline sounds like prosperity, the balance sheet feels like pressure.</p>\n<p>💰 What It Means For You</p>\n<p>If most of your net worth sits in a fully lived‑in flat and CPF that is still years from drawdown, your day‑to‑day income risk has very little to do with whether Singapore has 244,000 millionaires or 2 million. The real test is how much of your number today is liquid and paying you, versus locked and only useful if you sell, downgrade, or wait. That is why I keep coming back to the same homework, take your own balance sheet and split it cleanly into “spendable now” and “locked for later,” then plan your CPF and SRS moves from that, not from any National Day wealth statistic.</p>\n<p>📺 YouTube: https://youtu.be/yVz_7aevk30</p>\n<p>📩 Substack: https://investingiguana.com/p/singapore-has-244000-millionaires</p></body></html>","text":"Singapore Has 244,000 Millionaires. Why Does Almost No One Feel Rich? 🦖 🔍 The Angle Singapore now has about 244,000 US dollar millionaires and an average adult wealth of roughly US$527,000, yet almost nobody I talk to actually feels rich. When I pulled the report apart, the real story was how much of that “millionaire” status is trapped inside a home you live in and CPF you cannot touch. The headline sounds like prosperity, the balance sheet feels like pressure. 💰 What It Means For You If most of your net worth sits in a fully lived‑in flat and CPF that is still years from drawdown, your day‑to‑day income risk has very little to do with whether Singapore has 244,000 millionaires or 2 million. The real test is how much of your number today is liquid and paying you, versus locked and only useful if you sell, downgrade, or wait. That is why I keep coming back to the same homework, take your own balance sheet and split it cleanly into “spendable now” and “locked for later,” then plan your CPF and SRS moves from that, not from any National Day wealth statistic. 📺 YouTube: https://youtu.be/yVz_7aevk30 📩 Substack: https://investingiguana.com/p/singapore-has-244000-millionaires","highlighted":1,"essential":1,"paper":2,"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/591988372472600","repostId":0,"isVote":1,"tweetType":1,"viewCount":335,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":995,"optionInvolvedFlag":false,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/591988372472600"}