| 28-10-2016 08:09 PM |
| Unregistered |
The only way to reduce risk close to none is to make so much to have enough net worth to generate solid income. The rest all subject to changes anytime. That's why I chose pte sector to maximise my pay with the intention to generate at least 12k a month passive income to retire by 40.
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| 28-10-2016 07:55 PM |
| Unregistered |
I think ultimately it depends on individual's preference. I would encourage TS to go ahead and not think too much about security. There is no certainty in the job market. Every decision has a trade off. If you feel you should accept the offer then go for it. Personally, I have been in the private sector all this while as I prefer to be in a dynamic environment. Never wanted to be in the CS. I don't really bother about job security because nothing is really certain in this world.
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| 28-10-2016 07:08 PM |
| saiyan2005 |
Quote:
Originally Posted by Unregistered
I agree, money is not everything.. why earn so much when u are worried abt being retrenched or sacked every single day.. at least in CS mid salary but at least u have an iron rice bowl.. no need worry abt being retrenched la, no bonus etc.. plus salary increment are always there..
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Yes i agree plus the increase salary might accompany with increase workload which might not be worth it
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| 28-10-2016 07:05 PM |
| Unregistered |
Quote:
Originally Posted by Unregistered
Yup, strawberry millennials have a very different outlook to life. It will be interesting to see how they transition into the next phase of life.
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I agree, money is not everything.. why earn so much when u are worried abt being retrenched or sacked every single day.. at least in CS mid salary but at least u have an iron rice bowl.. no need worry abt being retrenched la, no bonus etc.. plus salary increment are always there..
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| 28-10-2016 03:44 PM |
| Unregistered |
What is your % of your interest in your current cs job now?
How much % interest do you think you have in the company?
At age 35, you still have at least 20+ years. Can you imagine working on sth which you totally dread?
Lastly, do you have ample emergency savings in case you get retrenched when you go to pte sector?
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| 28-10-2016 02:57 PM |
| Unregistered |
Quote:
Originally Posted by Unregistered
For singles its ok to have the mentality to chiong and try to make it big in life. But once you have a family, the world that used to revolve around ourselves now revolve around your spouse and kids. When you reached that stage, it may be a better idea to have job security to support your family.
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Yup, strawberry millennials have a very different outlook to life. It will be interesting to see how they transition into the next phase of life.
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| 28-10-2016 02:51 PM |
| Unregistered |
Quote:
Originally Posted by Unregistered
Working as an analyst in a financial consultancy firm drawing 130k+ currently since graduating 3 years ago.
Its not about what I make, but this sort of kiasi mentality just want to hide in civil service is why sg lacks entrepreneur spirit and why gov is run so inefficient.
If you tell me TS already 55 years still can understand, but come on 35 years and still got people encourage him to hide in civil service. What a joke.
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For singles its ok to have the mentality to chiong and try to make it big in life. But once you have a family, the world that used to revolve around ourselves now revolve around your spouse and kids. When you reached that stage, it may be a better idea to have job security to support your family.
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| 28-10-2016 02:05 PM |
| Unregistered |
Quote:
Originally Posted by Unregistered
May I ask are you sinkie and how much do you make? >300K by late 30s?
What are you working as?
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Working as an analyst in a financial consultancy firm drawing 130k+ currently since graduating 3 years ago.
Its not about what I make, but this sort of kiasi mentality just want to hide in civil service is why sg lacks entrepreneur spirit and why gov is run so inefficient.
If you tell me TS already 55 years still can understand, but come on 35 years and still got people encourage him to hide in civil service. What a joke.
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| 28-10-2016 01:45 PM |
| Unregistered |
May I ask are you sinkie and how much do you make? >300K by late 30s?
What are you working as?
Quote:
Originally Posted by Unregistered
You are a typical sinkie kiasi mentality suitable for civil service content with retiring with a 150k pay at 62. A lot of good performers in pte sector can already draw >300k by late 30s.
If you are young and still scared of this scared of that, you will never make it big in life.
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| 28-10-2016 01:18 PM |
| Unregistered |
Quote:
Originally Posted by Unregistered
Promotion is slow in civil service, but most in private sector are not any better either. Those that can go on to draw 200/300k or above pay is still the small minority. The average private sector 50yo employee is paid the same as civil service. The main difference is private sector has a higher ceiling if you are top 10%, but civil service get much better security.
The reality is on an average basis, a 50 yo civil servant is much better off compared to a private sector PMET. The pay is the same, but there is work life balance and less prone to be retrenched when you are old. Some people will say this mentality is loser, but I think most of us should be honest to ourself in terms of our own capability. Cannot always keep hoping you are the top 10% and think of only upside and not downside.
My 2c after seeing many friends in their late 30s/early 40s in private sector getting mediocre careers and always living in fear of being laid off. They had big dreams when young as well, but cold hard reality is statistically speaking most of us will be average career.
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You are a typical sinkie kiasi mentality suitable for civil service content with retiring with a 150k pay at 62. A lot of good performers in pte sector can already draw >300k by late 30s.
If you are young and still scared of this scared of that, you will never make it big in life.
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