$1m gone in one year

[FP_IFA]

$1m gone in one year: Widow of killed Changi Airport worker is now broke

If you don't know how to manage your money, give you $10 millions also no use...

 

[dork32]

really stupid woman.

ezy money. ezy come ezy go

 

[dork32]

maybe we could get more stupid Singaporean to donate more money to her

 

[kebinu]

Before you mention, pls read the article. It's not as bad as a lot others who strike big lottery.

She tried to invest in biz but failed.

It's still very poor decision though.

 

[dork32]

Before you mention, pls read the article. It's not as bad as a lot others who strike big lottery.

She tried to invest in biz but failed.

It's still very poor decision though.

please lah, you read properly lah. only 400k is invested. she withdrew 400 k and spent it all within a few months. she don't even know where the money go to.

for me if don't buy big ticket item (house and car), 400 k can last more than10 years

 

[dork32]

not only that. she lives in Malaysia. 1 mil sgd = 2.5 mil ringgit. my in laws in Malaysia can survive on 2k ringgit a month. can drive lousy kanchil and afford to rws for holiday every month somemore

 

[FP_IFA]

Yeah the strange part is she don't know how that $400,000 was spent. Usually when we do cash flow interview with clients, we can always account for where the money goes to. $400,000 is too big a sum to miss. I think she is hiding some info.

 

[crandfs]

I know already, she and her children ate up that $400K in 5 months. Its the only explanation. Got photo evidence too

 

[quirkyhill]

from edmw: http://forums.hardwarezone.com.sg/e...$1m-gone-2-years-widow-now-broke-4703526.html

 

[cscs3]

really stupid woman.

ezy money. ezy come ezy go

She is not stupid. I believe she just spent all of them. Easy come easy good.

 

[cscs3]

Before you mention, pls read the article. It's not as bad as a lot others who strike big lottery.

She tried to invest in biz but failed.

It's still very poor decision though.

Do not be so stupid to believe all these are true. May be she invest most of them in Genting?

 

[knightdreamer]

crap... sound to me, they are asking for more donation

 

[starbugs]

She went to Genting for holiday, so you can guess how she blew it

 

[dork32]

She is not stupid. I believe she just spent all of them. Easy come easy good.

anyone that is not stupid will not spend 400k in 5 months and then complain got no money left

 

[dork32]

She went to Genting for holiday, so you can guess how she blew it

but her relatives that con money from her says she does not gamble

 

[alexchia01]

$1m gone in one year: Widow of killed Changi Airport worker is now broke

If you don't know how to manage your money, give you $10 millions also no use...

In money management, there are defensive and offensive strategy.

Defensive is to protect your wealth and offensive is to grow your wealth.

Without defensive strategy, no matter how much you have or earn, you will still spend them all by the end of the day.

Without offensive strategy, no matter how much you saved, you will still never get to live the lifestyle you want.

You need both to succeed in life. Many people only have one or the other, but seldom have both. The worst are those that lack of both.

She is the type that lack both, that's why she ends up where she started.

I sympathize her situation, but give her another million, she'll still loss it again.

It's probability better to just teach her money management.

If she's a gambler, then situation is a lot worst.

 

[Mr. Wood]

Got money must keep quiet. If not relatives u nvr see in a million yrs will suddenly appear

 

[FP_IFA]

In money management, there are defensive and offensive strategy.

Defensive is to protect your wealth and offensive is to grow your wealth.

Without defensive strategy, no matter how much you have or earn, you will still spend them all by the end of the day.

Without offensive strategy, no matter how much you saved, you will still never get to live the lifestyle you want.

You need both to succeed in life. Many people only have one or the other, but seldom have both. The worst are those that lack of both.

She is the type that lack both, that's why she ends up where she started.

I sympathize her situation, but give her another million, she'll still loss it again.

It's probability better to just teach her money management.

If she's a gambler, then situation is a lot worst.

Don't think teaching her money management would help. Its probably too complicated for her. As long as there are people around her who want to con her for her money, she will still fall for it. She got an adviser and still lose her money.

She might be testing water to see if people would sympathize her again but not going to get much.

 

[alexchia01]

Don't think teaching her money management would help. Its probably too complicated for her. As long as there are people around her who want to con her for her money, she will still fall for it. She got an adviser and still lose her money.

She might be testing water to see if people would sympathize her again but not going to get much.

Actually, I do agree with you that money management is too complicated for her.

But, a smart investors don't get con easily even by their relatives.

It's very obverse that the news article is trying to get sympathy for her and maybe get some donation, but unlikely to work this time round, she had her chance and blow it away.

 

[ZaiNan]

Greed and the power of capitalism. Slowly erodes your
Cash on hand without you knowing!