She DISAGREES That Singapore Is TOO EXPENSIVE?? 🇸🇬

Рет қаралды 11,379

Күн бұрын

I've invited Marion who has documented extensively on her day to day in Singapore. She grew up in Switzerland and brings a unique expat point of view on why she disagrees that Singapore is too expensive.
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Check out Marion's channel / @swizzyinsg
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0:00 Introduction
2:08 Cheap options
6:00 Misconceptions
9:27 Tour tips in Switzerland
11:26 Living costs in Switzerland
15:58 Expenses
17:39 Retirement in Switzerland
20:17 Big summary points
#singapore #money #expensive #expenses
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About Josh:
Josh holds a degree in Accounting from NTU.
In 2016, he co-founded the financial education website TheAstuteParent to provide detailed insurance plan analysis and financial planning tips to help you kickstart your journey towards financial freedom.
As a ChFC Charterholder, Josh has agreed to be bounded by the ChFC®/S Code of Ethics. This includes, among others, acting in a professional manner when it comes to conducting due diligence on primary and secondary sources of investment-related data, and articulating his investment opinions based on his research and beliefs. Based on his research and analysis, he highlighted his beliefs and opinions, and illustrated the concept of time value of money, as of the time of the video.
JOSH TAN LIVE now delivers finance keynote speaking for corporate events and workshop in addition to live interviews.
👍 To enquire, email to joshtantap@gmail.com

Пікірлер: 65

@JOSHTANLIVE 3 ай бұрын

JOIN to see updates and interesting polls, join my TELEGRAM "Josh Tan Investment Official Group" here ►‌ joshtan.link/telegram Note: There are impersonators and typically they dangle hot money ideas or crypto deals. Beware! Our official group is all about financial discussions and learning. Check out Marion's channel www.youtube.com/@Swizzyinsg Marion's instagram instagram.com/swizzyinsg?igsh=dXNhcmRkbnA0dTEw&

@Ace-bm3ys 3 ай бұрын

Well said! There’s always a cheaper alternative in sg while still able to live quite comfortably. Most that complains about the high cost of living basically refuse to settle for the cheaper alternative

@seabreeze667 Ай бұрын

How about she tells us her job, employer, workplace and income? My two former workplaces, angmoh get away with leave work early, even 2-3hrs early, on leave regularly, small portfolio, settle-down incentives, all at a huge paycheck.

@baddoggi4238 Ай бұрын

Go read some stats! Everything summed (rent, food, groceries, etc) up, SG is more expensive. Also Switzerland wage VS Singapore. Get a brain get a brain lah

@seabreeze667 Ай бұрын

@baddoggi4238 I also think that SG is definitely more expensive, but, we have, cheaper alternatives, coz we work long, fast and a lot. Switzerland works slow and little, and reject or late adopter of technology, hence, they lost their competitiveness overtime, but, they rest a lot, like, really a lot. They pay the consequences of their sloth and their slow speed.

@christopherlaw9184 3 ай бұрын

I do not feel SG is TOO expensive given that it is a modern international city. Just spend wisely and manage your budget properly. In every country, there will be the haves and have-nots people. It’s unavoidable.

@JOSHTANLIVE 3 ай бұрын

I think the part on we have cheaper alternatives here in Singapore is a big factor

@arsenal_84 3 ай бұрын

Just stay away from tourist places.

@seabreeze667 Ай бұрын

@derrickcsh 3 ай бұрын

The Swiss lifestyle is definitely more expensive than Singapore lifestyle on many levels. We complain about our high cost of living because we do not control our budget monthly properly. With proper management of cash flow, I believe we can find a suitable lifestyle for every individual.

@JOSHTANLIVE 3 ай бұрын

Well said

@baddoggi4238 Ай бұрын

Go read some stats! Everything summed (rent, food, groceries, etc) up, SG is more expensive. Also Switzerland wage VS Singapore. Get a brain get a brain lah

@louislim6530 3 ай бұрын

I am Singaporean living in Switzerland and I agree with Marion on so many points!

@JOSHTANLIVE 3 ай бұрын

You're there on a work employment or migrated there?

@louislim6530 3 ай бұрын

@@JOSHTANLIVE On the Swiss equivalent of a work employment pass, into our 4th year here.

@seabreeze667 Ай бұрын

@louislim6530 if singapore is so good, come back, why stay in Switzerland?

@tinachan7013 3 ай бұрын

I was in Switzerland last year, the only item that's cheaper compare to Singapore is Evian water 🤣... and the cheapest meal I manage to get was around $30++ and that's without drink

@JOSHTANLIVE 3 ай бұрын

Validates Marion's point =)

@joekam78 3 ай бұрын

Totally agreed

@seabreeze667 Ай бұрын

And they dun have the highest paid government in the whole world

@CattleFarmer667 3 ай бұрын

Just bought 4 buns for 3.80 at near Bukit panjang LRT. Luncheon meat, meat floss, red bean and hot dog buns.

@markoh210 3 ай бұрын

That what we should compare with. Developed country against developed country. Not Developed vs Developing. Salary basis is already not comparable. 😊

@KC-ir9iw 3 ай бұрын

Bus driver in Sg earn 36k S$ p.a Bus driver in Switzerland earn 60k CHF p.a

@TheJayJayYoung 3 ай бұрын

You have to include benefits, working hours, individual taxations and so on.

@seabreeze667 Ай бұрын

But my msian colleagues are making SGD salaries and live in JB, very high quality life outside of work. And comparing to other developed countries, they dun have the highest paid government

@bensgoodeats1493 3 ай бұрын

Mary is correct . Some Singaporeans ignorant about what is happening in other countries

@seabreeze667 Ай бұрын

But many of us know our Msian colleagues are making SGD salaries and living luxuriously in JB, and they dun have the most highest-paid government

@bensgoodeats1493 Ай бұрын

@@seabreeze667 system failed in Malaysia with low wages . So many seek employment overseas

@seabreeze667 Ай бұрын

@bensgoodeats1493 so system failed in Spore that so many of us go to JB on our day-offs to get some cheaper necessities?

@stylerho6278 3 ай бұрын

For past 20 years and still counting, I have always advocated that food in Singapore is the CHEAPEST in the world among all the developed countries! When I was in Zurich 3-4 years ago, my Thai seafood noodles for 2 pax at a restaurant cost me over S$90! Maybe you can find the same cheapest noodles at S$30 if you are willing to search for it. A 15-minute taxi cost over S$50!!

@JOSHTANLIVE 3 ай бұрын

Echoes what Marion is sharing =)

@seabreeze667 Ай бұрын

And they dun have the highest paid government in the whole world, and we are told, we take things for granted

@DonYang73 6 күн бұрын

A Switzerland and Singapore comparison is like Peaches and Rambutans. Yes I am a Singaporean who has lived in Switzerland

@DonYang73 6 күн бұрын

Singapore is heaven for Foreigners especially Westerners. It's true we do have the options compared to Switzerland. It's largely due to labor cost. Swiss labor cost is easily twice. So if you do everything yourself , it's a lot cheaper.

@anthonyfong7714 3 ай бұрын

Please thank her for her valued opinion

@JOSHTANLIVE 3 ай бұрын

👍 for you Marion ^

@Sh0wx 3 ай бұрын

My house nearby coffeeshop still selling chicken rice for S$2.50 I cant even believe it

@JOSHTANLIVE 3 ай бұрын

Gov wants to roll out a “economic set” with coffeeshop. You may see the trend

@elizabethliong1597 3 ай бұрын

She’s correct ❤❤❤😊😊😊😊😊

@leothebear4842 3 ай бұрын

Good interview, thought it leads me to think perhaps income is another question 😅 maybe if we use percentages of general expenses versus earning power, we may get a more accurate depiction of the cost of living comparison?

@JOSHTANLIVE 3 ай бұрын

According to Numbeo, Switzerland is $8000+ after tax while Sg's is $6000+

@Dublinby 3 ай бұрын

Singapore is expensive to live in, but has cheap aspects to it, thats the best way to put it. Yes transport is cheap, and so is food at the lower-hawker end, travels around S.E.A., but besides that (if you are a foreigner) it is not cheap. Car owning is expensive, healthcare is not cheap, sending your child to school is not cheap, and buying a property is very expensive which must be free-hold and with a stamp duty of 65% for most foreigners (and renting property). Yes comparing it to Switzerland it will seem cheap in some regards, however in general it is not a cheap city. For citizens I cannot speak, as I am not one but I assume some costs are cheaper (related to BTO/property and healthcare/education related to the CPF). Overall: if you are an expat it is cheap in many factors, but if that expat wishes to settle down, it is not! (my 2 cents)

@JOSHTANLIVE 3 ай бұрын

no probs, pov noted

@jiranma 3 ай бұрын

Ok, taxi rides really depend. Just went for an appointment at SGH earlier this week and because the appointment was at 9am, the trip from YCK road area to SGH, about 20 minutes ride, it was more than S$37. That wasn't cheap.

@JOSHTANLIVE 3 ай бұрын

thats a peak hour surge maybe?

@jiranma 3 ай бұрын

@@JOSHTANLIVE Tis definitely peak hour...but I decided to go by meter thinking it'll be cheaper than rides (about 32 then) or taxi flat rate (also mid-30s). Ended up paying even more. Oh well...contribute to uncle's kopi money and economy bah...

@TheJayJayYoung 3 ай бұрын

For skiing holiday, it’s probably better to go Japan, Yuzawa.

@jiranma 3 ай бұрын

I just had some kappa maki just now. It was S$1.90 ooops!

@Humorousguy64 3 ай бұрын

As i can see ...for those can manage their money and some have some assets of cos is not expensive especially foreigner earning over 10k here per month

@seabreeze667 Ай бұрын

Marion, pls tell us your job, employer, workplace and income. Id like to see are u similar to my two previous workplaces, angmohs get a lot of perks, they work slow and little, leave work early even 2-3 hrs early as "time-off", on leave regularly, small portfolio, all these at a big paycheck and accommodation incentives

@JOSHTANLIVE Ай бұрын

Be nice be nice 🙏

@seabreeze667 Ай бұрын

@JOSHTANLIVE our work are heavy and fast-paced coz locals dun have expatriates-halo, similar to how Marion was treated back in her own country, which, obviously, she isnt an expatriate in her own country. She doesn't have cheaper alternatives in her own country coz people there work slow and little, and majority reject or too slow at adopting (latest)technology at work, and lost their competitiveness mostly. Those are painful prices to pay when one stays backward and persists yolo-work-life-balance. They take their natural resources and huge outdoor spaces for granted

@lpfong2538 3 ай бұрын

Singapore is a financial hub or centre similar to Hong Kong, definitely prices should be expensive. That is what visitors should expect. If you come to visit Singapore, just be prepared with the budget for you're holidays or stay. Other countries are different. Some country has more land and some no. In Malaysia, 60% of the population own a car and most of the people out of KL can own a landed property. Singapore is an amazing and unique country, a financial hub in the region. Singapore has many tourists attractions, good food, entertainment, pubs magnificent hotels, museums, zoos. Singapore is number 1 in Asean..must come and visit. Uniquely Singapore❤❤❤❤

@BernhardSchwarz-xs8kp 3 ай бұрын

Thank you for this very honest contribution. Everything that is said in this video is correct - but the conclusions about such statements are missing. The price you pay as a consumer is expressed in a monetary term. A comparison between two prices without breaking these prices down into their cost drivers is really meaningless. How many hours are retail businesses open in a week in Singapore compared to Switzerland? How much is the average hourly cost of a retail worker including all social benefits the employers offer in Switzerland and how much does that compare to the hourly cost of a worker in Singapore?

@TheJayJayYoung 3 ай бұрын

It’ll be good to include the taxes.

@money3ss 3 ай бұрын

Those not been to Switzerland, still not convinced 😂

@JOSHTANLIVE 3 ай бұрын

100%!

@money3ss 3 ай бұрын

And those who complained abt car do not own a car for leisure

@LonganLee 3 ай бұрын

SG is just like Switzerland. Maybe it's the hills we have. The $3B money laundering awarded 13mths jail. Such a strict sentence right? What happens if 100million laundering only? Shorter jail time? SG Asia bagus🎉

@jon8697 3 ай бұрын

Those who said sg expensive are 1) low SES singaporean who earn less becoz of their capability limits 2) expats that got fired or retrenched. Singapore is so cheap without car and condo.

@JOSHTANLIVE 3 ай бұрын

Be nice be nice 🙏

@david888a 3 ай бұрын

Sg is not cheap for awhile now,:it’s expensive, I visit Sg every year till 2019 n Covid stopped my travelling until 2023. I will give u “cheap”, to me reasonable price goods in hawker centres. Restaurants r expensive, hotels hv increased in prices too. Hv u been to buffets in hotels? It has gone up a lot too. So, as a travellers I know expensive as I see one n compared to other countries…Sg is expensive. 😖😖😖

@lyechoonkhoo2891 3 ай бұрын

Cute cumber!😂

@Natalie_Chu-SG 3 ай бұрын

only poor said Singapore is expensive…dis gusting mentality 🤮🤮🤮

@user-gp5ls5iz7x 3 ай бұрын

Several billionaires and many millionaires choose to live in Singapore for good. Indeed, Singapore is one of the best places on the planet to live comfortably. Of course, the choice is individual. Individuals may choose to live in the mountains facing the seas, so on and so forth in many other countries. Individual may stare at the mountains and the seas for 24/7 the whole year round, and that is his or her personal choice. Very importantly, the health care systems in among the top in the world and the hygiene is also among the top in the world. Your life is more precious than the few dollars saving. Your life is priceless and invaluable. There is no time to regret later on and there is no turning the clock back to rewind back after a decision is made on the wrong choice