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Thread: Life is a struggle.You struggle ... again & again. And one day, you triumph

  1. #41

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    Quote Originally Posted by cbsh38584 View Post
    To all those marginal property investorss.
    Buying a condo or upgrading to a condo is NOT A GAME OF CARD for a married man especially with 2 young kids. This is your whole family life at stake.
    Your parent & both of you have worked & saved 20 yrs + to have a decent living in HDB. As long as you are the MAN IN CHARGE, you need to ensure your family financial health did not deteriorate. You need to be very prudent and not to get your whole amily in deep shit. Nobody is going to KNOCK IT DOWN what you have achieved unless you yourself screw up due to GREED or HERD instinct investment.

    U need to ask yourself .
    Is the company you work for has a "SUNSET THINKING" ?
    My friend (sme - staffs - 50) has the intention to sell away his 20 yrs + company. There is a American buyer but was rejected due to low offer.
    There is a sign of relief for the staffs as the takeover is not successful. If the American buyer will to succceed. The 1st thing he will do is to
    retrench old staff & replace by younger & cheaper workers.


    Is the company you work for has a "SUNSET attitude" ?
    I remember clearly during my NS which I was posted to a Amour unit repair & maint M16 rifle & mortar.
    Two of my encik (Warrant officers ) not knee on any small changes in Amour dept as they are <1 yr into their retirement
    & will get their pension.

    Is the company you work for has a "sunset low technolgies" which can move to Msia or Viet due to low cost" ?
    The company you work are easily taken over by low cost companies like Viet, India , China M'sia etc.
    I remember that one of the potential big volume product which we make for Microsoft was suddenly
    stop. We came to know that Foxconn offers 30% cheaper to manufacture it.

    Is the company you work for has a "sunset thinking & attitude CEO" ?
    Look at Nokia , Netscape , Yahoo , SPH etc. They are a great companies. Once they are just or less worry about the companies future
    They will definitely be replaced by new technologies or their paranoid competitors. For a company to surivive. It need to be PARANOID.
    Continuous seeking to change everyday.

    Do you have a plan to start for a "SUNSET" saving account early (CPF) ?
    If you do not have a plan. Please start thinking NOW. If you think. You will plan.
    Once you plan & prepare for it. You will have less worry when you really into "SUNSET" retirement at age 60-65.



    人无远虑, 必有近忧. If one has no long-term considerations, he can hardly avoid troubles every now and then.; He who has no anxious thoughts for the future will find trouble right at hand.; If a man is not farsighted, he is bound to encounter difficulties in the near future.; Those who do not plan for the future will find trouble at their doorstep


    Lee Kuan Yew definition of a educated man.
    An educated man is a man never stop learning and want to learn.


    Do u have the sustainable energy level to survive the office politics ?

    Last week, I had a 2hrs talk to my former classmate who wanted to resign his $100k/yr job & to become a fulltime trader.
    I came to know that his reason to resign is that he clashed (different opinion) with his boss for many mths. It has come to a
    point that he no longer can stay with all these office politics, his boss & a few of his colleagues are playing.

    I have done a analysis why he needs this job (not a sunset company) badly. He got a OCR 2 bedder condo which is rented out & live
    in a HDB with wife & 2 children. His wife is a full time housewife all her life & have little CPF. 2 grown up sons are still studying
    I told him he will see his financial problem 10-15 yrs later or maybe even sooner. If his full time job as a trader failed. It will be even more
    stressful than his current job stress. He lost >50k on GRRED trading for the past 10 yrs +) . Lost 40k to wine investment SCRAM. He was
    trained by a MASTER chartist. I told him if he is truely a MASTER chartist. He will not be teaching. My friend who attended DBS investment
    seminar conducted by DBS equity head. He told the audiences that if he is a MASTER. He will not be giving investment seminar. Instead a full
    time trader earning millions of $$$. Anyway, nobody is a MASTER include George Soro , Mac Faber , Jim Roger etc. The only MASTER is the
    US FED, the printing press. He can sell away his condo or worst scenario become a security guard or Uber driver. I wish him good luck.

    --------------------------------------------------------------------------------------------------------------------------------------------------------------------
    I met 2 of my former colleagues. High energy level performance. Always working very late in their early 20s & late 20s. One of them (early 20s) told me office
    politics are just noise to him when he is young engr. > 15 yrs later, I met him & he told me he is sick of his current job & unable to resign due to family commitment.
    The other colleague in his late 20s was a captain rank in the army. Also another high perfromance engr. I saw him how is talk smart & shown more knowledgeable than his BOSS. I observed from his boss body language, I knew it will be a problem for my colleague. A few mths later, he resigned due to his BOSS. I met himyears later & he also said that he is sick of his job that required to fly most of the time. I did not keep in touch with them since I met them.

    ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
    I have a lunch with my friend + his supplier's friend. He works in Japan company as a sale engr. His job is stressful but he knows how
    to manage it. The best part is that he has a part time job. Swimming coach. He teaches about >50 kids ($80/hr ) & earn extra est 4k
    per mth. Very very tiring. He says that he wants to continue to generate more income as much as possible while he is still can.

    Another of my friend's former classmate. Resigned due to work stress & become a fulltime badminton coach ($3k/mth). Much happier although
    earn much lesser. Just worry about his retirement when he grow older.

    ------------------------------------------------------------------------------------------------------------------------------------------------------------------
    So thinking carefully b4 you commit large sum of money into ppty. Plan your "SUNSET saving acct" as a 1 st priority. Plan as early as possible.
    If you plan it well & as early as possible (age 25) , you are going to retire a millionaire in your CPF acct by the time you reached 62. Time is your
    friend (for compounding ). Make sure you are useful to your company. Try not to complain too much. Work with your colllague. Not against them. Be positive.
    Not negative. Never disagree publicly infront of your boss. Never ever badmouth or gossip about your boss.

    Lastly, remember Lee Kuan Yew definition of a educated man.
    An educated man is a man never stop learning and want to learn more.

  2. #42
    Join Date
    Aug 2009
    Posts
    3,913

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    Hi Vic
    Good for u to share your wisdom, but sad to say, not many around can read the future that well.

    Many of the younger generation are spending future earnings, many are more than willing to spend $6 on a cup of branded coffee. Branded goods, restaurants, fine dinning and holidays are must. Even for holidays, must go for exotic locations. Wedding, engage professional photographers, go overseas...

    Look around the new developments, many one-bedder or two bedders...those 30+ 40+ are buying, for INVESTMENT...

    There is no such thing as iron rice bowl now, job is highly uncertain, and can be taken away easily. Good job is rare.

    So, every one will blame the Government for not giving them what they want.

  3. #43

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    Saving cash for retirement vs buying investment property....which one should come first?

  4. #44
    Join Date
    Aug 2009
    Posts
    3,913

    Default

    Quote Originally Posted by indomie View Post
    Saving cash for retirement vs buying investment property....which one should come first?
    Saving cash to invest in WISE investment, need not be property

  5. #45

    Default

    Quote Originally Posted by cbsh38584 View Post
    Do u have the sustainable energy level to survive the office politics ?

    Last week, I had a 2hrs talk to my former classmate who wanted to resign his $100k/yr job & to become a fulltime trader.
    I came to know that his reason to resign is that he clashed (different opinion) with his boss for many mths. It has come to a
    point that he no longer can stay with all these office politics, his boss & a few of his colleagues are playing.

    I have done a analysis why he needs this job (not a sunset company) badly. He got a OCR 2 bedder condo which is rented out & live
    in a HDB with wife & 2 children. His wife is a full time housewife all her life & have little CPF. 2 grown up sons are still studying
    I told him he will see his financial problem 10-15 yrs later or maybe even sooner. If his full time job as a trader failed. It will be even more
    stressful than his current job stress. He lost >50k on GRRED trading for the past 10 yrs +) . Lost 40k to wine investment SCRAM. He was
    trained by a MASTER chartist. I told him if he is truely a MASTER chartist. He will not be teaching. My friend who attended DBS investment
    seminar conducted by DBS equity head. He told the audiences that if he is a MASTER. He will not be giving investment seminar. Instead a full
    time trader earning millions of $$$. Anyway, nobody is a MASTER include George Soro , Mac Faber , Jim Roger etc. The only MASTER is the
    US FED, the printing press. He can sell away his condo or worst scenario become a security guard or Uber driver. I wish him good luck.

    --------------------------------------------------------------------------------------------------------------------------------------------------------------------
    I met 2 of my former colleagues. High energy level performance. Always working very late in their early 20s & late 20s. One of them (early 20s) told me office
    politics are just noise to him when he is young engr. > 15 yrs later, I met him & he told me he is sick of his current job & unable to resign due to family commitment.
    The other colleague in his late 20s was a captain rank in the army. Also another high perfromance engr. I saw him how is talk smart & shown more knowledgeable than his BOSS. I observed from his boss body language, I knew it will be a problem for my colleague. A few mths later, he resigned due to his BOSS. I met himyears later & he also said that he is sick of his job that required to fly most of the time. I did not keep in touch with them since I met them.

    ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
    I have a lunch with my friend + his supplier's friend. He works in Japan company as a sale engr. His job is stressful but he knows how
    to manage it. The best part is that he has a part time job. Swimming coach. He teaches about >50 kids ($80/hr ) & earn extra est 4k
    per mth. Very very tiring. He says that he wants to continue to generate more income as much as possible while he is still can.

    Another of my friend's former classmate. Resigned due to work stress & become a fulltime badminton coach ($3k/mth). Much happier although
    earn much lesser. Just worry about his retirement when he grow older.

    ------------------------------------------------------------------------------------------------------------------------------------------------------------------
    So thinking carefully b4 you commit large sum of money into ppty. Plan your "SUNSET saving acct" as a 1 st priority. Plan as early as possible.
    If you plan it well & as early as possible (age 25) , you are going to retire a millionaire in your CPF acct by the time you reached 62. Time is your
    friend (for compounding ). Make sure you are useful to your company. Try not to complain too much. Work with your colllague. Not against them. Be positive.
    Not negative. Never disagree publicly infront of your boss. Never ever badmouth or gossip about your boss.

    Lastly, remember Lee Kuan Yew definition of a educated man.
    An educated man is a man never stop learning and want to learn more.

    Boss said to my former colleague " YOU ARE DISGUSTING" in front of us - 18yrs ago.
    =====================================================
    We were having a meeting & my boss wanted us to help out other dept work. My colleague who got a short temper outright rejected it
    without giving face to him. That make him (boss) very angry & burst out. YOU ARE DISGUSTING !. Gone case for my friend. He got " you
    reap what you sow" for his outburst years later. He voluntary took the company retrenchment benefits which should be 1 yr 1 mth. End up
    he only got 1 yr 1/2 mth benefits. The crucial performance remarks made by his boss (also my former boss) was the result of him getting only
    1 yr 1/2 mth. He fighted all the way to top mgmt but failed.

    He later joined seagate. Everything was fine until a lady boss was in-charge. Somehow, he cant get along with the lady boss. His relationship with
    the lady he so bad that his boss outright told him. I DONT LIKE YOU. YOU CAN JUST RESIGN. Another gone case. Life is too miserable for him until every
    min in the company is a hell. Finally , he resigned at age 40+ without a job. Searching for 6 mths still unable to get a reply. Then we have a FORMER
    old colleague gathering ( in 2013) . He told us he is jobless & need a job. One of our former lady colleague recommend him to go to see her friend who work
    in govt sector. They have a few vacancy avail for PMET. Luckliy he got the govt job with 20% pay cut. We told him that if he still cannot get along with this new
    lady in the govt sector. 100% confirm his next job will be a taxi driver or security guard. Just dont complain. JUST DO IT.


    ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
    My another former Malay lady colleague also short temper. She has been in this company for >20 yrs. Very hardworking & know her job very well . Everything was going very smoothly. Promoted to manager . But Just one outburst with her immediate boss due to different opinion. She burst out "I WANT TO RESIGN". She thought she is indispensable in her dept. Her male boss reply. NO PROBLEM AT ALL. She can just take back her word & continue to work. I think due to "face" problem she resigned. Gone with her 9k/mth pay. I heard from one of her Malay friend that she (now 40+) went for further study as she couldnt find a job she likes. Still single.

    --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
    Be thankful he got the job. Just make sure you are useful to your company. Try not to complain too much. Work with your collleague. Not against them. Be positive.
    Not negative. Never disagree publicly infront of your boss. Never ever badmouth or gossip about your boss. Learn to manage your office stress due swimming, outdoor exercise, spa etc etc. Tension from your body & mind needs to be regenerated.






    Our b

  6. #46
    Join Date
    Aug 2009
    Posts
    3,913

    Default

    Hi Vic

    Interesting to read about all your friends' encounters.

    My Boss told me off in a meeting "RUBBISH", as he knew he was in the wrong and I was right.
    So I resigned but I can afford to resign, and NOT MY BOSS...That was the underlying reason that u cannot out-smart or better than your boss.

  7. #47
    Join Date
    May 2012
    Posts
    3,952

    Default

    To be honest, those who are most daring to speak to the boss and rock their own boats, they aren't usually the ones who will invest in properties.

    One needs to have a lot of discipline, patience and ability to curb tempers to opt for and do well in property.

    Quote Originally Posted by cbsh38584 View Post
    Boss said to my former colleague " YOU ARE DISGUSTING" in front of us - 18yrs ago.
    =====================================================
    We were having a meeting & my boss wanted us to help out other dept work. My colleague who got a short temper outright rejected it
    without giving face to him. That make him (boss) very angry & burst out. YOU ARE DISGUSTING !. Gone case for my friend. He got " you
    reap what you sow" for his outburst years later. He voluntary took the company retrenchment benefits which should be 1 yr 1 mth. End up
    he only got 1 yr 1/2 mth benefits. The crucial performance remarks made by his boss (also my former boss) was the result of him getting only
    1 yr 1/2 mth. He fighted all the way to top mgmt but failed.

    He later joined seagate. Everything was fine until a lady boss was in-charge. Somehow, he cant get along with the lady boss. His relationship with
    the lady he so bad that his boss outright told him. I DONT LIKE YOU. YOU CAN JUST RESIGN. Another gone case. Life is too miserable for him until every
    min in the company is a hell. Finally , he resigned at age 40+ without a job. Searching for 6 mths still unable to get a reply. Then we have a FORMER
    old colleague gathering ( in 2013) . He told us he is jobless & need a job. One of our former lady colleague recommend him to go to see her friend who work
    in govt sector. They have a few vacancy avail for PMET. Luckliy he got the govt job with 20% pay cut. We told him that if he still cannot get along with this new
    lady in the govt sector. 100% confirm his next job will be a taxi driver or security guard. Just dont complain. JUST DO IT.


    ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
    My another former Malay lady colleague also short temper. She has been in this company for >20 yrs. Very hardworking & know her job very well . Everything was going very smoothly. Promoted to manager . But Just one outburst with her immediate boss due to different opinion. She burst out "I WANT TO RESIGN". She thought she is indispensable in her dept. Her male boss reply. NO PROBLEM AT ALL. She can just take back her word & continue to work. I think due to "face" problem she resigned. Gone with her 9k/mth pay. I heard from one of her Malay friend that she (now 40+) went for further study as she couldnt find a job she likes. Still single.

    --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
    Be thankful he got the job. Just make sure you are useful to your company. Try not to complain too much. Work with your collleague. Not against them. Be positive.
    Not negative. Never disagree publicly infront of your boss. Never ever badmouth or gossip about your boss. Learn to manage your office stress due swimming, outdoor exercise, spa etc etc. Tension from your body & mind needs to be regenerated.






    Our b
    The three laws of Kelonguni:

    Where there is kelong, there is guni.
    No kelong no guni.
    More kelong = more guni.

  8. #48

    Default

    Thanks cbsh38584 for the post. Interesting read for me to reflect upon.

  9. #49
    Join Date
    Aug 2009
    Posts
    3,913

    Default

    Quote Originally Posted by DayDreamer View Post
    Thanks cbsh38584 for the post. Interesting read for me to reflect upon.
    You shall read all his postings, this guy is full of wisdom
    Check up the Bond and stock threads

  10. #50

    Default

    Thank you, I shall read.
    Quote Originally Posted by Laguna View Post
    You shall read all his postings, this guy is full of wisdom
    Check up the Bond and stock threads

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