They commit hara-kiri by exaggerating their raised income levels that they anticipate for future. This is correct in normal times with jobs that give regular promotions but in harsh economic times that are prevailing today, people are getting pink slips forcing them to default on their repayment. The education system in Singapore has become very costly with a fortune needed to get a college degree, not to mention professional degrees like an MBA or MBBS. This means that if you are starting on your family, you must start to invest in a systematic investment plan to be ready when your kid is ready to take admission in college.
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