The cost of living in Singapore isn't exactly the lowest. In fact, according to the Economic Intelligence Unit, we're the most expensive city to live in in the world. But if there's one "cost" Singapore does pretty well in, it's our taxes. According to Trading Economics, Singapore ranks 47 out of 156 countries for the lowest personal income tax rates.
We know by now that simply relying on our monthly salary isn't going to put us on the fast track to retirement or keep up with inflation (last we checked, core inflation is 4.8 per cent!). Investing is more crucial than ever. When done astutely, it can help us grow our wealth, provide a steady stream of passive income, and.