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Old 31-08-2013, 10:12 AM
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Originally Posted by Unregistered View Post
One thing I noticed with the young ones nowadays is their impatience.

They expect to be rich the moment they join the workforce. 27 is still very young especially for guys. If you consider that the new retirement age is 62 (will be 65 soon), you still have 35 to 38 yrs to accumulate your wealth.

The trick to being reasonably rich is to have constant income eg. do not have gaps in your employment history. Spend well within your means. Invest your savings.

Understand your earning will grow when you get older and better at your work. So change job only for better career prospects and pay and not because of some whims or fancy.

Many people quit in their late 40s at a time when their income is peaking. Pity.
Why do they quit? Is it possible that their career and usefulness are also peaking? As a boss, why should I continue to pay so much for an expensive manager when I can find younger cheaper and more energetic ones without families?
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