I saw this news somewhere on FB got people interview him , he is millionaire , his business etc
He can literally own condo, GCB , own super car but he never.
just happen to see his Youtube video here
https://www.youtube.com/watch?v=DsDa-zTsdIQ
(19-02-2022, 06:47 PM)WhatDoYouThink? Wrote: [ -> ]cannot raise chickens.
Don't play play he is REAL Rich ok
He one thing is Hard truths, " Princeless "
He claim because you owned a private house , u don't have time to enjoy the facilites
why? because you are slaves for it , scare to lose job etc
Many HDB millionaires. They just don't tell you and show you.
See ah Jac.
Hard truths man,
he mention you pick wrong stock, lose some money is ok
BUT if you pick wrong property , wrong timing etc misc factors your saving all wipe out
(19-02-2022, 07:08 PM)guffaw Wrote: [ -> ]Many HDB millionaires. They just don't tell you and show you.
See ah Jac.
My uncle also want to downgrade. He told me sometime lonely in his landed house this is why come Friday TGIF always ask me come accompany him.
Hard truths man, he said buy luxury goods is ok nothing BUT IF You buy property as investment is a thing different.
He do note , he is not against property investment even buying a posh car etc is telling you how BIG the side effect is vs play stocks,
(19-02-2022, 07:09 PM)[[ForeverAlone]] Wrote: [ -> ]My uncle also want to downgrade. He told me sometime lonely in his landed house this is why come Friday TGIF always ask me come accompany him.
he stays gcb only by himself? no wonder lah
(19-02-2022, 07:08 PM)[[ForeverAlone]] Wrote: [ -> ]Hard truths man,
he mention you pick wrong stock, lose some money is ok
BUT if you pick wrong property , wrong timing etc misc factors your saving all wipe out
There is a time for every investment class - stocks property bonds gold.
Don't always say no to property as it is good when opportunity comes.
Right now I would say buying property may not be the best idea. But property is not always a bad idea.
At every point in time make the most of every opportunity don't be too fixated with one investment or another.
(19-02-2022, 07:15 PM)sgbuffett Wrote: [ -> ]There is a time for every investment class - stocks property bonds gold.
Don't always say no to property as it is good when opportunity comes.
Right now I would say buying property may not be the best idea. But property is not always a bad idea.
At every point in time make the most of every opportunity don't be too fixated with one investment or another.
Nah, property is already " so call out of trend " in SG . Now people still rush to buy is their business , years to come a lot " jump down " I not surprise in fact daily got people jump down just that u don't know as mainstream will not report much because is negative news
even report at most like " once a while "
(19-02-2022, 07:09 PM)[[ForeverAlone]] Wrote: [ -> ]My uncle also want to downgrade. He told me sometime lonely in his landed house this is why come Friday TGIF always ask me come accompany him.
How come he has no lover?
(19-02-2022, 06:40 PM)[[ForeverAlone]] Wrote: [ -> ] I saw this news somewhere on FB got people interview him , he is millionaire , his business etc
He can literally own condo, GCB , own super car but he never.
just happen to see his Youtube video here
https://www.youtube.com/watch?v=DsDa-zTsdIQ
Maybe he one million only, then how he stay landed? Your uncle story is fake? If true he never teach you?
(19-02-2022, 09:01 PM)dynamite Wrote: [ -> ]Maybe he one million only, then how he stay landed? Your uncle story is fake? If true he never teach you?
His profile so far I found that news I read
" Loo is a lot of things — an entrepreneur, an angel investor, a financial guru, and occasionally, a writer. The hustle started in his early days as an undergrad, when he took on a few part-time jobs, including a stint as a real estate agent. A scholarship from Singtel later, he stayed loyal to the telco for nearly 20 years, rising up the ranks to manage multiple business divisions and subsidiaries.
These days, he diversifies. On top of being a Chairman and co-founder of advertising solutions company ACCSS Digital, he’s an investor in the likes of Gushcloud and Lyte Ventures, and a business advisor to Amobee and Nasty Cookie. He tells me that he spends the bulk of his time in luxury goods e-commerce service Premiummall, which his wife founded in 2014.
His claim to fame though — and his proudest achievement — is being the founder of the 1M65 movement, a financial crusade to help other Singaporeans turn into millionaires upon retirement via the Central Provident Fund (CPF).
It’s something that sounds like some sort of get-rich-quick racket, but there’s really not much that Loo would gain from it. A true believer in the national pension scheme, he preaches financial strategies for free so others can cross a million dollars in their CPF savings way before reaching the retirement age, just like he did five years ago. In 2018, his efforts scored him a Public Sector Transformation Award by the government, an award usually reserved for civil servants. "
https://www.ricemedia.co/multi-millionai...-hdb-flat/
One thing he is " trolling Gov lol " yet got an award reserved for civil servants
(19-02-2022, 09:20 PM)WhatDoYouThink? Wrote: [ -> ]could be cpf millionaire
I know he is " marketing his stuffs " but I like is what he claim is Logic
aiya anybody can aso claim he's a millionaire
(19-02-2022, 09:28 PM)WhatDoYouThink? Wrote: [ -> ]aiya anybody can aso claim he's a millionaire
Honestly speaking I don't bother his " asset , wealth " but I do agreed what he said on property stuffs and how to be happy.
Is this the legendary guy that was very smart but chose to study in jjc? I was at jjc for 3mths and heard about him.
(19-02-2022, 09:23 PM)[[ForeverAlone]] Wrote: [ -> ]His profile so far I found that news I read
" Loo is a lot of things — an entrepreneur, an angel investor, a financial guru, and occasionally, a writer. The hustle started in his early days as an undergrad, when he took on a few part-time jobs, including a stint as a real estate agent. A scholarship from Singtel later, he stayed loyal to the telco for nearly 20 years, rising up the ranks to manage multiple business divisions and subsidiaries.
These days, he diversifies. On top of being a Chairman and co-founder of advertising solutions company ACCSS Digital, he’s an investor in the likes of Gushcloud and Lyte Ventures, and a business advisor to Amobee and Nasty Cookie. He tells me that he spends the bulk of his time in luxury goods e-commerce service Premiummall, which his wife founded in 2014.
His claim to fame though — and his proudest achievement — is being the founder of the 1M65 movement, a financial crusade to help other Singaporeans turn into millionaires upon retirement via the Central Provident Fund (CPF).
It’s something that sounds like some sort of get-rich-quick racket, but there’s really not much that Loo would gain from it. A true believer in the national pension scheme, he preaches financial strategies for free so others can cross a million dollars in their CPF savings way before reaching the retirement age, just like he did five years ago. In 2018, his efforts scored him a Public Sector Transformation Award by the government, an award usually reserved for civil servants. "
https://www.ricemedia.co/multi-millionai...-hdb-flat/
One thing he is " trolling Gov lol " yet got an award reserved for civil servants
Main financial achievement is to bring FIRE mindset to Singaporeans.
2nd achievement is to make Singapore overcome fear of investing.
The rest of those small business ventures don't add up to much...hope he don't loss his pants. He is not equip to investing startups a game for the deep pocketed ...as far as I know he is not.
He does not stock pick and invest in passive stock index.
So to jump from this to venture funding for startups is a gap.
(20-02-2022, 09:18 AM)sgbuffett Wrote: [ -> ]Main financial achievement is to bring FIRE mindset to Singaporeans.
2nd achievement is to make Singapore overcome fear of investing.
The rest of those small business ventures don't add up to much...hope he don't loss his pants. He is not equip to investing startups a game for the deep pocketed ...as far as I know he is not.
He does not stock pick and invest in passive stock index.
So to jump from this to venture funding for startups is a gap.
he is the real pioneer in being the CPF millionaire.
our forumers like 5453 are actually following his footsteps ?
ah butt no commitment on house car and etc, and spends only 200 to 300 per month, must hv achieved his 1m target long time ago
(19-02-2022, 07:15 PM)sgbuffett Wrote: [ -> ]There is a time for every investment class - stocks property bonds gold.
Don't always say no to property as it is good when opportunity comes.
Right now I would say buying property may not be the best idea. But property is not always a bad idea.
At every point in time make the most of every opportunity don't be too fixated with one investment or another.
Property is ok to buy in a downturn. I bought a freehold D11 apartment in 2003 after AFC and a freehold D15 landed in 2010 after GFC.
(20-02-2022, 09:18 AM)sgbuffett Wrote: [ -> ]Main financial achievement is to bring FIRE mindset to Singaporeans.
2nd achievement is to make Singapore overcome fear of investing.
The rest of those small business ventures don't add up to much...hope he don't loss his pants. He is not equip to investing startups a game for the deep pocketed ...as far as I know he is not.
He does not stock pick and invest in passive stock index.
So to jump from this to venture funding for startups is a gap.
His way so call " marketing , selling " is mixture, I can see which I do agreed for what he say.
You want to invest also have to see obviously not " follow monkey see monkey do " which currently see people ballot BTO want to flip high at resale market, everyone just follow one another JUST because Property agent brag around million dollar BTO flat been sold here and there but in reality " just one percent out of all "
One have to know why these people managed to sold their BTO at million , obviously
- location
- good view at least " now a days everywhere you see in SG from top level just block of clement "
- Interior , they hire designer to design etc depend the buyers taste if happen your design attract them
- left how many years before 99 but this is " subjective " as there are people willing to pay a lot for a resale just left roughly 50 years or so.
come on Private properties, already so much same thing.
GCB? this one is Only the One percent rich will view see buy
what I see his video, he is not against property investment. Summary you don't have Big head , don't force yourself wearing a big hat.
What his thoughts is been " Rich " one also have to " be so call " Relax been RICH " not " been Rich yet daily worry "
Make so much and don't spend money is to bring into coffin??
(20-02-2022, 02:11 PM)ROFLMAO Wrote: [ -> ]Make so much and don't spend money is to bring into coffin??
He never say don't spend, he claim buying luxury stuffs is " ok " but buy property one have to think twice.
GCB is 30mil nowadays. I doubt he is on that level of rich.
(20-02-2022, 02:14 PM)[[ForeverAlone]] Wrote: [ -> ]He never say don't spend, he claim buying luxury stuffs is " ok " but buy property one have to think twice.
That guy is living like a miser if he claim he is a multimillionaire...O btw , I remember his wife is running a business call premiummall which sell luxury and that is why is promoting buying luxury stuffs.. Also, His wife was caught by the custom for evading tax.
