Hola peeps...I realise that blogging at multiply will also be published on my blogger..coolness..
Ok peeps..just now after work, went to Spize somewhere along river valley road (I think) to have dinner with my colleague. And we talk about business and money. I know boring stuff. But to think about it, its kinda true of what he said. Maybe you don't realise it now but after reading this your eyes and mouth are going to open wide. Really wide.
Lets take this as a senario..You are 23 years old guy just ORD from National Service and had graduated from Poly. So you set out to join in the work force. With the Poly cert you attained, your gross pay is $1800 (average market price now) and your nett pay will be estimated about $1.6K (after deduction of CPF and other nonsence that you will soon discovered in the working force).
After spending on your bills, loans and essential needs and also your lifestyle, your savings will be what is left. And lets be frank. For those poor discipline on saving, its hard to save $100 every month. Isn't it true??
And then you meet someone to be your soulmate for life. And decided to get married, to settle down and start a family. For the malays especially, Dowry money doesn't come cheap, unless the family really want to get rid of their daughter. Just joking. They can come up to a hefty $10k for duit hantaran (dowry money) alone. And that does not include your wedding ceremony and other expenses. Today alone the wedding ceremony can reach up to $30K.
So you are saving $100 every month and decided to get married.Her parents, being generous as they like you, wants $8k for dowry money. With $100 every month, how long must you save to get $8k?? Lets work this out.
1 year = 12 months = $1200
$8000/ $1200 = 6.8
So you have to save for 6 years and 8 months before you are able to get married. And by that time you are already 29 years old going 30. That is ONLY the dowry money. And by that time, GST will go up and price are also going UP. The only thing that remains the same is your pay and your saving.
So you only have a few options to choose from: beg, borrow, or steal. Or you can work your ass off by doing multiple work or overtime and not get a life. Or start saving every penny from now. Of course being a good child to your parents, you don't want to burden them right??
Isn't this kinda worrying??. To think of it I'm only 19 and 5 years down the road, will I be in this situation??
Well because of this I've decided to build up my business properly now. Aiming to get my foundation solid before school starts. And when school starts it will be easier for me.
Just a note of account. Your smile really get me hook!! Thats the reason why I love to stay around...
