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Me & My Money
Finance exec avoids consumer loans, believes in spending within one's means
Ernest Chew of Carro warns against overspending on luxuries, says cars are not a good investment
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Carro chief financial officer Ernest Chew says he avoids consumer loans, and believes those who cannot afford something should not over-leverage themselves.
PHOTO: COURTESY OF ERNEST CHEW
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Being disciplined about spending and keeping within one's means - these are the key principles which financial executive Ernest Chew holds dear.
"Do not have a financial plan revolving around debt, particularly on depreciating assets," cautions the 39-year-old, who is executive vice-president and managing director as well as chief financial officer at automotive marketplace and car financing start-up Carro.
