Me & My Money: Stay disciplined in spending and keep within your means, says finance executive

Carro chief financial officer Ernest Chew says he avoids consumer loans, and believes those who cannot afford something should not over-leverage themselves.
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

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.

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