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Do you have a $100,000 friend like that as well?

I saw this really reflective article on I will teach you to be rich. When is the last time you thought someone earning in a much higher pay job then you should have an easier time?

Most of my friends earn more than i do but what i observed is that they are in a better position. I don’t get any friends that are in the category mentioned in this article. I think it might be that asians value prudent money management well. Except for the gambling part.

Quote of the day:

“I had more spending money in college when I was a student working a part-time job.”
–A friend who earns over $100,000/year.

How does this happen?

Factor in the following:

  • Urban living, including going out frequently
  • Expensive apartment
  • Credit card debt from spending on things like going out frequently, shopping, travel
  • Student loans

It’s a combination of high fixed costs (think $1k+/month in student loans) plus poor spending habits.

But it’s too easy to simply scoff and point fingers.

[Read the rest of this article here >>]

Kyith

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Royston

Tuesday 23rd of March 2010

Hi there,

I'm compiling a list of Singapore Investment Bloggers...

http://sginvestbloggers.blogspot.com/

Have included your site in the list, appreciate if you can also do a link to the site.

Cheers

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