Quote:
Originally Posted by Unregistered
There could be retrenched grads in their 40s and 50s who earn about $3k pm or $36k pa. So your $47k pa is still higher.
When you are in your late 30s, 40s and 50s, make sure you do not overleverage in your property. Don't be so confident to upgrade to a more expensive house and taking more loans. You will never know when you will be retrenched. Worse, if both husband and wife got retrenched at the same time. The best is to buy cheap BTO and pay the loan and stay there. So, even if you lose your job, you still have a home.
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Like that how to escape the rat race? Taking some risks is required to escape. Inaction due to disproportionate levels of fear of failure is what causes regret when you are old.
No job is 100% safe, so does that mean no one should step out of their comfort zone to make some investments and gve themselves a chance at financial freedom?
IMHO, as long as you do risk management, ensure you have buffers and control spending, it is better to go invest then stay still and just hope for the best. Life is what you fight for.