Young Upstarts - Voice of A New Generation

To Strike It Rich, Start Out on Your Own and Do It Early

If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!

 

The front page story in Singapore’s largest circulation newsprint TODAY on 11 November covered a story on the growing ranks of Singapore’s rich.  “So much money, so little time” stated that according to the latest World Wealth Report by Cap Gemini and Merrill Lynch, the number of millionaires in Singapore grew by 22.4 percent over the past year to hit some 55,000.

More importantly, there were two key points that emerged from the story.  One, to truly get rich you need to embrace the risk of starting out on your own.  Two, the increasing number of people who join the ranks of the rich are getting younger. 

What does this mean to us then? I reckon the moral of the story is that to become no. 55,001 on the list you need to start out on your own, and do so early.

To read the TODAY article, click here. 

Daniel Goh, Editor

daniel@youngupstarts.com