ST Headstart: Why renting a second home abroad works for these S’poreans
Own a home here, rent another in Bangkok?
Welcome to the latest ST Headstart edition, featuring The Straits Times' career, personal finance, and lifestyle coverage. Some young Singaporeans are renting a second property abroad, using the strategy known as "geoarbitrage" to maximize their earnings. This method involves earning in a higher-wage economy while living in a country with a lower cost of living.
Though maintaining two homes can be costly and presents trade-offs like convenience and safety, it appeals to remote workers and business owners whose income isn't location-dependent. However, professional conflicts may arise if you and colleagues vie for the same promotion. This week's askST Jobs explores strategies to maintain positive workplace relationships, such as presenting your case to your boss without undermining colleagues.
Meanwhile, experts advise young investors to take advantage of their long runway by investing regularly, even though precious metals like gold remain a traditional safe haven. Other precious metals may offer different investment opportunities but don’t merely open doors to earning five figures. Before booking a campervan, it’s essential to inquire with rental companies about support and inclusions.
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Written by urgent.news from Straits Times Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
