Millionaire or not, plan for retirement.

Being a millionaire today is different from being a millionaire 30 or even 20 years ago. This is simply because a million dollars is worth less now due to inflation in the cost of goods and services. These days, even a HDB flat could cost a million dollars!

So, someone with total liquid assets worth a million dollars does not impress me. What might impress me is how he got it and what he is

What should a Singaporean have by age 35?

I came across an article in Yahoo!Finance: "The 5 things every Singaporean should have by 35."




The 5 things the author listed are:

1.  A time deposit that would be maturing soon. He thinks that people should start by having a reliable investment scheme in their 20s and went on to say that fixed deposits are a good place to look... er...

2.  A relevant degree. He thinks that a degree is the

Tea with AK71: Eldershield.

I am quite aware that I am ageing and, once in a while, I am reminded of the fact by other people.

Today, the government reminds me of this same fact by sending me a notice saying that I would be automatically insured under Eldershield come 31 December 2011.

Eldershield? Me? Wow, elder. This is cheerful.

So, being Singaporean, I want to know "how much"?

Annual premium: $174.96, payable till