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Why you shouldn't be a salaried individual your entire life

Johnrambo

Alfrescian
Loyal
Indeed there are many ways of putting food on the table, though majority in Singapore's highly risk-averse society choose to toil under the wings of others- simply because it would seem relatively safer and far less hazardous compared to building an enterprise from scratch for themselves. Then again they really cannot be faulted for possessing such mindsets; after all our working culture has unequivocally demonstrated a near zero tolerance for failure. Folks who rough it out on their own terms and tanked in the aftermath are often viewed as smart-ass rejects who should have known better, rather than aspiring adventurers who haven't quite yet figured out the formula for success.

That being said, having expectations of remaining gainfully employed throughout one's entire life is at best an unrealistic, romantic notion. The iron rice bowl of the past is now a myth in the present day where everyone is always in a rush to reach their next destination, and markets evolve on the terms and conditions of dizzying rapid technological change. So endure the headwinds, run Forrest run, else be prepared to get chewed up and spitted out.

If you are trapped in a 9-5 job, the following probably apply to you:

1. You are merely a minion slaving away as you countdown ever so loudly in your head to the moment its finally time to knock off on a daily basis.

2. You are helplessly subjected to the whims and possibly unreasonable demands of superiors.

3. You are a dispensable item in the larger scheme of things; you are ridiculed, criticized and unappreciated. And of course not forgetting to throw in suffering undesirable wage cuts, brutal overtime hours and a constant fear of being replaced into the mix.

More at
Why you shouldn't be a salaried individual your entire life
 

mojito

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Loyal
Have to. Otherwise collect cardboard people say you poor! Show those naysayers your seven digit bank account! :cool:
 

ToaPehGong

Alfrescian
Loyal
The article seems to describe disgruntled and unhappy employees. Some are actually enjoying their work and had great bosses. Look at their smiles. The following is an example.
st_20180105_jnsuccession05a_3668773.jpg
 

Scrooball (clone)

Alfrescian
Loyal
Stupid thread.

Given the choice, who wanna work under someone their whole life?

Maybe i go start a thread that says "if you can get rich, u should try to get rich. Do not choose to be poor"
 

rectmobile

Alfrescian
Loyal
Indeed there are many ways of putting food on the table, though majority in Singapore's highly risk-averse society choose to toil under the wings of others- simply because it would seem relatively safer and far less hazardous compared to building an enterprise from scratch for themselves. Then again they really cannot be faulted for possessing such mindsets; after all our working culture has unequivocally demonstrated a near zero tolerance for failure. Folks who rough it out on their own terms and tanked in the aftermath are often viewed as smart-ass rejects who should have known better, rather than aspiring adventurers who haven't quite yet figured out the formula for success.

That being said, having expectations of remaining gainfully employed throughout one's entire life is at best an unrealistic, romantic notion. The iron rice bowl of the past is now a myth in the present day where everyone is always in a rush to reach their next destination, and markets evolve on the terms and conditions of dizzying rapid technological change. So endure the headwinds, run Forrest run, else be prepared to get chewed up and spitted out.

If you are trapped in a 9-5 job, the following probably apply to you:

1. You are merely a minion slaving away as you countdown ever so loudly in your head to the moment its finally time to knock off on a daily basis.

2. You are helplessly subjected to the whims and possibly unreasonable demands of superiors.

3. You are a dispensable item in the larger scheme of things; you are ridiculed, criticized and unappreciated. And of course not forgetting to throw in suffering undesirable wage cuts, brutal overtime hours and a constant fear of being replaced into the mix.

More at
Why you shouldn't be a salaried individual your entire life
It will be a different story if you are an expat getting first world salary in a developing country.
 

mojito

Alfrescian
Loyal
Stupid thread.

Given the choice, who wanna work under someone their whole life?

Maybe i go start a thread that says "if you can get rich, u should try to get rich. Do not choose to be poor"

Silly man lah you! You prefer work for PAP stable income guarantee raise and bonus, or work for self as cabbie? Which one more better you tell me?
 

maxsanic

Alfrescian
Loyal
I don't think there is anything fundamentally wrong with working as an employee over your career. The important thing is to position yourself to get rewarded handsomely for it and live below your means in order to achieve financial independence early.

It is not uncommon to find people with marketable skills and/or corporate climbing capabilities getting paid above 300k p.a. in the private sector (esp. those in large MNCs). If these people know how to plan their finances accordingly, achieving financial independence to retire affluently before 50 years old is entirely doable and in a certain sense less risky then starting businesses.

The worst path to take is to be mediocre in career, yet risk averse to entrepreneurship, but constantly thinking of being the next George Soros or Warren Buffet by indulging in all sorts of ad-hoc investments/trading/gambling in the hope of striking riches and giving the boss the finger.
 
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