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The RETIREMENT thread

LeMans2011

Alfrescian
Loyal
Re: dedicated to Leongsam: 4 Things Rich People Should Stop Saying

LeMans2011 I'm actually inspired by your positiveness. I think all of us including myself should seek to have suck positiveness no matter in what situation.

Have money, talk about millions. No money, have to be positive :smile:
 

LeMans2011

Alfrescian
Loyal
Re: dedicated to Leongsam: 4 Things Rich People Should Stop Saying

As long as you're confident that the cushy position you're currently enjoying is there for the long term, I guess you have nothing to worry about.

However, at some point, you may have to end up facing the fact that your job is on the line for one reason or another because of circumstances which are beyond your control. Putting this thought to the back of your mind may enhance your current state but burying your head in the sand is not a good long term strategy. Your baby is going to cost you lots of money over the next 2 decades. You need to factor this into your life plans.

I recommend aiming for financial independence as early as possible in life as a hedge against loss of employment. However, if you have an iron rice bowl , count yourself lucky as such jobs are rapidly disappearing.

Fair comment.. status quo can disappear hence a salaried worker must not forget to keep himself marketable and competitive.
 

Leongsam

High Order Twit / Low SES subject
Admin
Asset
Re: dedicated to Leongsam: 4 Things Rich People Should Stop Saying

Fair comment.. status quo can disappear hence a salaried worker must not forget to keep himself marketable and competitive.

How do you do that? Jobs become obsolete very quickly nowadays. Products even more so.
 

looneytan

Alfrescian (Inf)
Asset
That is sinkie logic..not healthy for real human beings.

images
 

enterprise2

Alfrescian
Loyal
Re: dedicated to Leongsam: 4 Things Rich People Should Stop Saying

How do you do that? Jobs become obsolete very quickly nowadays. Products even more so.

Sam's rite. U may be at top of your game now but tmr another guy 'betterer' will come along. Ask Rooney, Roger Federer...etc and this is happening at all levels.Dont be a sucker and find this out the hard way!
 
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enterprise2

Alfrescian
Loyal
Re: dedicated to Leongsam: 4 Things Rich People Should Stop Saying

Sam's rite. U may be at top of your game now but tmr another guy 'betterer' will come along. Ask Rooney, Roger Federer...etc and this is happening at all levels.Dont be a sucker and find this out the hard way!

And u can blame the PAP for opening floodgates. And they don't need to be better than u...cheaper also can!
 

LeMans2011

Alfrescian
Loyal
Re: dedicated to Leongsam: 4 Things Rich People Should Stop Saying

How do you do that? Jobs become obsolete very quickly nowadays. Products even more so.

The same goes for businesses. For every job that gets displaced by a foreigner, there is a business that gets edged out of competition. For every successful business, there is a talented salaried worker that is irreplaceable.
 

LeMans2011

Alfrescian
Loyal
In other words it is not whether you are the employer or the employee. Whatever you do, you gotta be at the top of the game and emerged as a winner. Anyone who thinks doing business is easier than being a salaried employee ought to get his head checked.
 
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Leongsam

High Order Twit / Low SES subject
Admin
Asset
Re: dedicated to Leongsam: 4 Things Rich People Should Stop Saying

The same goes for businesses. For every job that gets displaced by a foreigner, there is a business that gets edged out of competition. For every successful business, there is a talented salaried worker that is irreplaceable.

If you read all my ramblings, you'll notice that I emphasise that any enterprise needs to be grown quickly to the point where it becomes valuable so that it can be sold.

All the businesses that I started are now obsolete. One of the earliest attempts at making money was in printing instant name cards. I could charge 100 bucks for 20 in 1989. You can now order 500 high quality instant name cards on the net for USD29.95 and have them delivered within 24 hours. It cost me $5000 to start that business and I sold it for about $30,000 18 months later.

When I started doing web design, all I knew was html and photoshop. It was sufficient to earn good money as the web was in its infancy. Had I not cashed up, I'd be bankrupt now. I can no longer keep up with the ever increasing technology requirements.

Once you have banked your money, it doesn't matter what happens anymore. Not so with employment. Your ability to pay a 20 year mortgage is determined by how long the business you work for can keep going and whether or not you can find another job if it can't. If you haven't kept pace with the changes, you become unemployable with very little money in the bank.
 

LeMans2011

Alfrescian
Loyal
That is sinkie logic..not healthy for real human beings.

You still have not answered my question. What do you have that makes you make remarks here as if you belong to upper class? A person with low net worth but speaks like you is called "DUA KANG"
 

LeMans2011

Alfrescian
Loyal
That is sinkie logic..not healthy for real human beings.

You still have not answered my question. What do you have that makes you make remarks here as if you belong to upper class? A person with low net worth but speaks like you is called "DUA KANG"
 

tonychat

Alfrescian (InfP)
Generous Asset
You still have not answered my question. What do you have that makes you make remarks here as if you belong to upper class? A person with low net worth but speaks like you is called "DUA KANG"

why should i answer any questions from you? Do you even think you are qualified and fit enough to get any reply from me even? If you dun like what i post, there is an ignore button.

My status and portfolio got nothing to do with you anyway.
 

LeMans2011

Alfrescian
Loyal
why should i answer any questions from you? Do you even think you are qualified and fit enough to get any reply from me even? If you dun like what i post, there is an ignore button.

My status and portfolio got nothing to do with you anyway.

You have said it soooo many times I am beginning to believe you have a "status" and "portfolio".
Ignore you? No way. Your DUA KANG posts are well loved.
 

LeMans2011

Alfrescian
Loyal
Re: dedicated to Leongsam: 4 Things Rich People Should Stop Saying

If you read all my ramblings, you'll notice that I emphasise that any enterprise needs to be grown quickly to the point where it becomes valuable so that it can be sold.

All the businesses that I started are now obsolete. One of the earliest attempts at making money was in printing instant name cards. I could charge 100 bucks for 20 in 1989. You can now order 500 high quality instant name cards on the net for USD29.95 and have them delivered within 24 hours. It cost me $5000 to start that business and I sold it for about $30,000 18 months later.

When I started doing web design, all I knew was html and photoshop. It was sufficient to earn good money as the web was in its infancy. Had I not cashed up, I'd be bankrupt now. I can no longer keep up with the ever increasing technology requirements.

Once you have banked your money, it doesn't matter what happens anymore. Not so with employment. Your ability to pay a 20 year mortgage is determined by how long the business you work for can keep going and whether or not you can find another job if it can't. If you haven't kept pace with the changes, you become unemployable with very little money in the bank.

Of course regardless of whether you are in business or employed... the earnings have to help you earn more money. Obviously for most us here it is making money out of properties... the additional properties you dont live in.
 

Thick Face Black Heart

Alfrescian (InfP)
Generous Asset
Re: dedicated to Leongsam: 4 Things Rich People Should Stop Saying

Of course regardless of whether you are in business or employed... the earnings have to help you earn more money. Obviously for most us here it is making money out of properties... the additional properties you dont live in.


if you want to make money in property, you have to look toward JB.

The Singapore bull market is nearly over.
 
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