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Anonymous

Posted on 18 Mar 2021

Do you know of a normal salaried employee in Singapore who passed on with lots of wealth?

I read about Ronald Read in the US where he was worth nearly US$8 million upon his death. He was just a regular guy who worked as a gas station attendant and janitor. Wondering if you know of such stories in Singapore? What are some lessons you can draw from such people?

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I can't say I know of anyone like that in Singapore but some lessons to take away from this story are:

  1. Invest in what you understand

  2. Reinvest dividends

  3. Diversify across companies and industries

  4. Read widely and regularly

  5. Live below your means

  6. Keep your wealth secret

Truly an amazing story of an amazing man, thanks for sharing!​​​

1

Question Poster

18 Mar 2021

Great summary there, Chris.

Post

No lol.

Why not you be the first one? hahaha.

Cheers and all the best man. :)

- Jeffrey (jeffreyleezq.com)

1

HM

HM

20 Mar 2021

Yes, there is this Japanese lady who ate only udon for more than a decade and owns 3 properties. Interesting read. https://mothership.sg/2019/08/japanese-woman-save-money-buy-house/

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