Sometimes I really don’t understand how these supposedly well-endowed Singaporeans manage their finances. 8 Days says he used to be a GM at a dim sum chain, so career wise he must have been doing very well and earning good money.
So far he shares that he has only sunk $40k into this business for a year and he even managed to make some money, albeit by his own admission it’s much lower than his previous salary.
So my first thought is – how on earth did a high income earner who has worked for many years end up so financially vulnerable that just 1 year of pay cut and $40k into a hawker business and the sky is already falling till the wife need to go back to work after leaving the workforce for 10 years and even the son need to cancel tuition for PSLE (How much can this save? Few hundred bucks a month?)
I mean even assuming the entire $40k is written off as loses, that’s like maybe 2 – 3 months of his last drawn salary, like that his whole family is already in such a sad state?
Either he / reporter is just sensationalizing to attract viewership, or his household expenses are ridiculously high or $40k in the hawker is almost all his family’s savings and once the food stall fails the family’s gone financially.
