Someone who gives talks on investing told me ....
Singaporeans study hard to get a degree and work hard to earn a salary. They do not know how to invest their savings, so they were unable to earn a passive income, from dividends and interest, to supplement their earned income.
Many of them put their savings in a life insurance policy and gave it up after a few years, losing nearly all of their hard earned savings.
I agreed with him. They do not know their priority and are destined to be poor. They can change their destiny by spending some time to learn about financial planning and investing from the FISCA talks