.::. Productive Years .::.

I was reading this article on Bloomberg sometime back. It says that the first 10 years of one’s career would determine the amount of wealth one can make. It makes sense doesn’t it? If you start with a low salary, increment will be slow and people always benchmark your pay based on your last drawn pay. Some may get promoted quickly with some luck, but the odds are against the majority of us. Basically, what it says is that after 35, chances of your pay increasing significantly is very low. This corresponds with the well-known fact that it becomes a lot harder to find another job after you hit 40s. Of course there are always exceptions and outliners, but this probably holds true for majority of us normal people. 

This has triggered a string of thoughts, with the backdrop of across-the-industry job cuts in O&G where I’m currently in. The struggle is real. It can be very unsettling and uncomfortable seeing people you see everyday disappear just like that. We get immediate dismissal here. Get called into a meeting, and someone will inform you that you’re dismissed with immediate effect and you are not even allowed to go back to your desk to pack your stuff or bid your team goodbye. HR and your manager will pack your things for you and escort you out. That’s it, the people you see everyday will just become a memory. People disappear, leave without saying goodbye and come to work not knowing if today will be their last day at work. It doesn't help that they don't do it all at once, and news simply keep coming from everywhere, all the time.

It makes me very sad, though life goes on and people move on. Afterall, a job isn’t everything and losing a job isn’t the end of the world, for most of us anyway. Looking at these unfolding makes me even more wary and determined to work towards financial freedom. Despite being able to survive for easily a year without a job, I really don’t appreciate any setbacks to my retirement plans. I’m most afraid of increasing monthly fixed expenses. As it is now, daily household expenses and insurance comes up to quite a tidy sum of fixed expenses. I can’t imagine how things will become with kids and I can’t understand how people cope with a home with car and maid plus kids. If fixed expenses come up to a few grand a month, how does one save and how long can they survive if they lose their jobs?

It’s so easy to project an increase in salary over the years and correspondingly upgrade your lifestyle. What people don’t seem to take into account into the whole equation is the increasing risk of losing a job as one ages. One may earn more when they are 40s and in a managerial role, but also has a higher risk of losing the job when there’s a downturn and find it harder to find a similar-paid job. Even for civil servants with relatively secured jobs or professionals with specialized skill, one mistake or accident and they may lose their jobs.

Some people tell me not to plan or worry, live a day as it comes. Really? I can’t. I need to work towards my goals to feel secure and fulfilled. I know what it feels like to not have enough money and worry about the next paycheck. It’s not something that I would like to go through again this lifetime. I want to know that I can have the option of not spending my time working for money when I am in my 40s and can instead choose to do something I love with my time, regardless of how much I make. I can imagine spending my time teaching and volunteering, spending time with children and animals, playing music and doing yoga.

I can’t imagine how people could say that they want to continue working for corporations and do not want to retire. It may be great if one really love the job so much, but what I see alot is fear, that they do not know what to do with their free time and themselves. They’ve become so used to the routine of work-life and letting work dictate most of what they do with their time (and life) till they have forgotten how it feels like to spend time doing what they really want or like. Maybe they have forgotten what they wanted and it’s easier to continue a routine without having to give much thought to it.

I always talk about retiring, and people are always shell-shocked and ask what am I going to do? Oh my, there are so many possibilities! These are the same people who tell me that they have ‘no time’ to learn a new instrument that they have always wanted, no time to cook for their families because they have ‘no time’.

For now, I can continue dreaming and work towards the day when I can finally be free to do whatever my heart desires.

.::. Remembering LKY .::.

It has been the talk of the town and seen an amazing outpouring of love for a man who built Singapore. It was really heart-warming to see a divided Singapore coming together during such times. Despite divided political inclinations, I believe most of us Singaporeans see and appreciate what this man has given us.  I do have mixed feelings though. From the love and pride for Singapore, I feel sad that a great man who has built Singapore have left. Part of me feel lost and somewhat worried about Singapore’s future, but another part of me is looking forward to changes that could make Singapore a better place. Perhaps more compassionate and less economically driven by productivity, less like a corporate and more like a family or a place where people feel it’s home. We are no doubt very lucky, but in many ways I wished that we could have done more for our people, especially those who were left behind as we chugged forward.

Revisiting LKY’s life, there’s so much to learn from this man. No man is perfect, but I believe that he has done his best given the circumstances and there’s so much to learn from him.

1.       Love and monogamy

I think this is absolutely underrated in today’s society that places much focus on success at the workplace and amount of wealth. A good and loving marriage is seldom in the spotlight as life’s successes. Moreover, most capable and high-profile people usually crave for power and attention with resultantly common extra-marital affairs and scandals. The love he shared with his wife is so precious. If you ask me, life wouldn’t be in vain as long as one have loved and was loved deeply. Anyone who’s capable of such love over a lifetime can’t be that bad a person.

2.       Determination and faith

This man dedicated his life to building Singapore. His determination and faith is imprinted all over Singapore and how we have evolved over the past 50 years. Simply looking at Singapore today speaks volumes about his determination and faith as we defy everyone’s expectations to become one of the richest country despite having zero natural resources.

3.       Consistency

He is known for being consistent in everything he did. His days were a routine revolving around work, family and exercise. Despite his heavy workload, he always had time for exercise and family, keeping a healthy work-life balance. When asked about his secret to longevity, he said to exercise and eat less but healthily. He was constantly improving himself and keeping himself updated with everything that was going on. Anyone can have goals and many have great ides, yet how many could persist and consistently work towards what they believed in?

4.       Frugality

His frugal ways are extinct in today’s generation. Just look at our elitist MPs who drives cars which are worth more than HDB flats and indulge in all the luxury that you can think of. Many of our leaders today are born with a golden spoon in their mouth and had a very smooth journey in life. How can they really understand how is life really like for the less-privileged in Singapore? Many of them have private sector careers and worry more about how they look rather than focusing on serving the people. LKY was a man who wore the same clothes for years till they had holes and never cared for luxury items. If you were like him, all you think of is probably how to improve things or to tweak plans for Singapore as you take in the developments in the world daily. There will be no time for luxury or fashion! This was a man who truly understood the people then and set out to meet the peoples’ basic needs, building a country where people can be safe, with means to bring up families in a comfortable home in a clean and green city. If Singaporeans were as frugal as him, there really wouldn’t be much complaints. If we did not expect to go on holidays, do not expect much shopping and luxury items, had home-cooked food and took the public transport – how many of us will still struggle to survive and own a HDB? Even kids staying in rental flats have iPhones these days!

5.       Opinionated

He was a man who stood for his beliefs and spent his life defending them. He had very strong opinions and arguments, he always made his points and was able to substantiate his opinions. He never deviated and had something to say to rebut what others’ had to say. He had such clear thoughts that are so closely weaved together. I remember reading his book as a teenager and his thoughts were enlightening although I might not always agree and wouldn’t be so sure that it’s a good idea to be so forthright about it. He is always so pragmatic. What he said about the cost of sustaining an old person despite available technology and the dwindling fertility of women after 35 left a mark on me. He always looked at the big picture. While it’s true that these are individual choices and freedom, but the issues and cost to society as a whole is real. I also agreed with his thoughts about human genes and his view on religion. I love that he insisted to be correct, not politically correct.

We can all argue and point out his high-handed ways that might have destroyed some people and families. But perhaps that is makes him a true leader, because he made those hard decisions and stood so firm, resulting in the birth of Singapore which has benefited so many of us. It also made him human, for it’s not possible to please everyone no matter how great you may be. 

Maybe one can argue that we are so economically driven and competitive that makes Singaporeans are a stressful and unhappy lot. I believe that one’s happiness is a choice and we are not forced to stay here. If somewhere else suits you better, you can always leave for greener pastures. But keep in mind that Singapore is an amazing place to live in and one of the most efficient countries in the world. After visiting more than 30 countries and spending a year in Europe, I still love Singapore and probably wouldn’t want to leave. We can also choose to be more frugal, have lower expectations, consume less and have a less stressful life. Instead, most of us choose to slog for a bigger apartment, a better car, luxury goods and holidays. These are not needs but wants, and how can we blame a man who has fulfilled all our basic needs so well that we are complaining about not having enough wants fulfilled?

The man is no more. While I’m very thankful and grateful for all that Singapore is, I think we need change. It might be a necessity to push everyone so hard then, but now that we are already a developed country, I wish to see a more compassionate Singapore and more policies to support it. It’s all great if we compare ourselves in the region, but when compared against developed countries, we are lagging behind in many areas and there’s so much to learn from other developed countries. My wish for Singapore is to become a developed country with happy people. It may probably take another lifetime for policies to be put in place and people to change their mindset about success and happiness.