6/25/2007
another great quotation
S'poreans need to learn how to stretch their savings: Lim Swee Say
What does this statement mean? I think it makes a lot of sense. With 30 to 40% of their money saved, and very safe, in the CPF, Singaporeans should learn how to stretch whatever left that they have. Or else if what they have in hand are gone and money in CPF still very safe, they will have a little problem meeting their immediate needs.
But I think many Singaporeans are already stretching their savings, if not an expert in it. When prices are going up ahead of salaries, they will be in big trouble if they do not know how to stretch their money.
For those who still do not know how, they may want to ask the minister for some advices and ingenius ways to stretch their dollars.
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8 comments:
Spectacular advice from a spectacularly paid louse.
Just go to the ATM machines and pick up the receipts left behind, LOOK at the balance amount, and u can appreciate how is the financial situations of residents of Singapore.
Maybe a person in white needs to make the rounds, and they will know how we are already stretching... HOW MUCH MORE do we HAVE to STRETCH???? we do not have million dollars pay.
You cannot blame the 'koyok' seller for coming out with great quotations every now and then.
i will prefer an advice like singaporeans need to learn how to make a million bucks. then no need to do the painful stretching.
Ask HO Ching, CEO of Temasek investment Co. How to stretch our CPF saving, plenty of so call "top fund manager" should be able to help s'porean to generate more returns for retirement. Maybe if possible all s’porean could be millionaire as well if we know how to invest using CPF saving.
only one kind of money can be stretched. have you heard of the cheque that bounced?
we used to have banana money. now we may have rubber band money.......s..t...r..e..t....c...h..e...d. it is so easy.
instead of eating three meals, eat one. instead of eating $3 chicken rice, buy $3 of rice and cook yourself and eat with some plain vegetables. and many people are stretching with $260 a month. they can do it, everyone can do it.
S'poreans need to learn how to stretch their savings:
That Lim fella... the fact that people are DRAWING DOWN on savings (presumably to live) is a BAD SITUATION, financially.
The suggestion that these folks need to STRETCH their savings is a really bad financial situation. This means: people are drawing down on their capital, since that capital is not being replaced (fast enough?), they now are required to STRETCH it out...
This guy's talking shit. And he is insulting people who have a more "trying" financial situation than his very fortunate own.
The fucking govt LOCKS UP people's money, preventing the people from investing in the best possible way, pays them SHIT INTEREST and then tell the people "you can't draw out your CPF until you reach ??" (whatever age they decide to conjure up)
...and then the "advice" is to "stretch your dollar". Hmm... I wonder if some old codger might hammer this prick next time he goes on his walk abouts in the heartlands... but I digress..
The CPF is looking more like a TAX funding a mythical, mystical scheme more and more...
yesterday i took out a $2 note and tried to stretch it. shit, it wasn't made of rubber. i ended with 2 pieces.
got affected by matilah's condom.
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