In my previous post “Three ways to become rich in Singapore”, I have some readers providing feedback and comments. I appreciate readers for taking precious time to read my blog postings and provide their valuable comments.
One of my readers commented that “dividend investing” can also make you rich. Whilst I agree that investing in fixed income, be it stocks or unit trusts, is considered a source of side income, it does not really make you “rich”.
In my personal context, being rich means to enhance one’s wealth substantially. Dividend investing may provide additional fixed income but it also have its risk – decreasing stock prices and liquidity problem.
I still believe that the best three ways to become rich in Singapore is to invest in property, do business and work in the sales line.
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SG Wealth Builder