14 year old Singaporean vows to leave Singapore if PAP is no

• eagle

  2 Apr 10, 00:39

  Originally posted by Samuel Lee:

  Well, it depends of different peoples. Some more rich one sure wont mind while others mind.

  As I have said, if you would mind that amount of 10 cents, why would you want to go to the cinemas to watch movie?

  And if you don't go to the cinemas to watch movie, why would you bother about the GST on movies?

  Duh.

  Long ago, much more toilets need you to pay 10 cents entrance fee. Did you mind?

   

• Atobe

  2 Apr 10, 05:51

  Originally posted by eagle:

  Yeah, you go on counting.

  Let me help u if you can't count.

  10 cents per meal = 30 cents per day = 9 bucks per month
  1 mil / 9 bucks = 111111 months = 9259 years

  Try again, dude.

   

   

  You can try saving $5 per meal too.

  $5 per meal = $15 per day = $450 per month
  1 mil / 450 = 2222 months = 185 years

   

   

  9,259 years to hit $1,000,000 ?

  Have you been fair to the layman with your financial expertise ?

  Surely, one does not have to wait 9,259 years saving 30 cents a day as you have claimed ?

   

  Does anyone still save their money under the mattresses - without the benefit of the compound interests being considered ?

   

  If one can get about 2.5 percent interests per annum for our savings - that 30 cents saved per day will see us achieving $1,008,218.81 in only 220 Years - which is a remarkable variance from your claim of 9,259 years !

  With $5 saved a day, and with interests of 2.5 percent p.a.- it takes 207 Years to hit $1,010,865.39.

  Saving $10 a day - with 2.5 percent p.a. - it takes 196 Years to hit $1,021,995.68.

   

  Should we not be surprised it is those with money that makes more money - with their ability to do more with their monies - either to save or invest, and benefitting more for the varied options available for their monies ?

   

• eagle

  2 Apr 10, 10:23

  Originally posted by Atobe:

   

  9,259 years to hit $1,000,000 ?

  Have you been fair to the layman with your financial expertise ?

  Surely, one does not have to wait 9,259 years saving 30 cents a day as you have claimed ?

   

  Does anyone still save their money under the mattresses - without the benefit of the compound interests being considered ?

   

  If one can get about 2.5 percent interests per annum for our savings - that 30 cents saved per day will see us achieving $1,008,218.81 in only 220 Years - which is a remarkable variance from your claim of 9,259 years !

  With $5 saved a day, and with interests of 2.5 percent p.a.- it takes 207 Years to hit $1,010,865.39.

  Saving $10 a day - with 2.5 percent p.a. - it takes 196 Years to hit $1,021,995.68.

   

  Should we not be surprised it is those with money that makes more money - with their ability to do more with their monies - either to save or invest, and benefitting more for the varied options available for their monies ?

   

  It's for simplicity sake since I didn't think he will be able to comprehend further.

  Thanks for your calculations.

  My main point is that saving that $1mil from that 10 cents will not be achievable in 1 lifetime. Thanks for proving that too.

   

   

  Then again, $9 dollars a month, or $108 per year, can't get you anywhere far because there aren't any meaningful vehicles to achieve 2.5% with that amount of cash annually, other than putting it into CPF. Not sure if you considered this.

  If the person in question is that financially bad to worry about an extra 10 cents per meal, I don't think he/she would be in position to achieve compound interest on a 10 cents.

   

  Anyway, I don't have financial expertise hor. You are the financial expert ok? I only aim to grow my portfolio by between 50k to 100k a year. Certainly nothing compared to you the financial expert.

  Happy Good Friday!

• DamonAng

  2 Apr 10, 10:30

  i will vote for pap.

• dare82

  2 Apr 10, 10:53

  Well guys don't be brainwashed by the Straits Times that voting for the opposition seems that one is of low self-confidence.

  In fact, voting for the opposition is cool nowadays!

• Atobe

  2 Apr 10, 16:11

  Originally posted by DamonAng:

  i will vote for pap.

   

  Be prepared to get a "pap smear" in return after the voting exercise is over.

  You get what you pay for.

   

• Lifeless_arse

  7 Apr 10, 14:36

  I with the 14 yr old. PAP 's time to move on.. 

• CheckmateA1

  7 Apr 10, 14:49

  they win, i also never recieve a small portion of their salaries

  ns, i recieved 1 medal, 1 watch, 1 cert - all cannot sell and make money

  what to do, this is Singapore

• angel7030

  7 Apr 10, 18:40

  Originally posted by CheckmateA1:

  they win, i also never recieve a small portion of their salaries

  ns, i recieved 1 medal, 1 watch, 1 cert - all cannot sell and make money

  what to do, this is Singapore

  
  why not try to sell your NS ware at sungei road or some flea markets, sure to earn few bucks. If you dun try, nothing will happen.

• angel7030

  7 Apr 10, 18:41

  Originally posted by Atobe:

   

  Be prepared to get a "pap smear" in return after the voting exercise is over.

  You get what you pay for.

   

  
  ya, this morning i just went Mt E for a test, wha! $1200 fee lor, so expensive..

• Herzog_Zwei

  8 Apr 10, 01:18

  Originally posted by angel7030:

  
  why not try to sell your NS ware at sungei road or some flea markets, sure to earn few bucks. If you dun try, nothing will happen.

  
  All you need is a bullet into small as pea brain, hum7030. All the above is state property, cannot sell.