watever
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32 yo...10 years worth of IT experience... a dozen of certifications except a degree...still trying to pay debts of 15k since three years ago due to wedding...new 4 rm flat...and now a 1 year old baby...end up owing 18k now. A car??? tomica more likely...got hundreds of them...sian!
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tomica?
anyway, this is the singaporean way of life.
PAP gov tell us not to complain this complain that.
tell us why we need to bring in foreign talents.
while we have been listening to them attentively for years, have they pay a tot to what we need? sinagpore is make up of people of chinese, malays, indians, and many other religions. from kids to teenagers to young working adults to young parents to fathers , mothers, grandparents... we all own a part of singapore.
or do we? or are we jus players of the the government?Originally posted by trueno86:32 yo...10 years worth of IT experience... a dozen of certifications except a degree...still trying to pay debts of 15k since three years ago due to wedding...new 4 rm flat...and now a 1 year old baby...end up owing 18k now. A car??? tomica more likely...got hundreds of them...sian! -
Welcome to the Singapore Dream...a dream that has been increasingly turning into a nightmare.Originally posted by trueno86:32 yo...10 years worth of IT experience... a dozen of certifications except a degree...still trying to pay debts of 15k since three years ago due to wedding...new 4 rm flat...and now a 1 year old baby...end up owing 18k now. A car??? tomica more likely...got hundreds of them...sian!
Who's to blame? Those who told us to follow that dream, and ourselves for listening and obeying blindly without weighing the pitfalls ourselves, just because the false prophets who proclaimed themselves "top talent" are supposedly "smarter" and "know better" -
seems like middle class ppl in many other countries all tend to live in some sort of debt.
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But the kind of debt we're seeing in Singapore?Originally posted by nismoS132:seems like middle class ppl in many other countries all tend to live in some sort of debt. -
I didn't think that debt was that bad in Singapore.
Low interest rates and stuff.
Hmm.. must be hard as.
Hmm.. is experience really not that important in singas? -
i was suppose to have this higher level IT post in a MNC, u noe wat?? my female sporean manager went hired one all the way from kuwait!!! i left that company sinceOriginally posted by Viper52:Welcome to the Singapore Dream...a dream that has been increasingly turning into a nightmare.
Who's to blame? Those who told us to follow that dream, and ourselves for listening and obeying blindly without weighing the pitfalls ourselves, just because the false prophets who proclaimed themselves "top talent" are supposedly "smarter" and "know better" -
debts not that bad because most newly wed couples have parents and in laws to lean on...i eat myself in hokkien...if u noe wat i meanOriginally posted by Lingos:I didn't think that debt was that bad in Singapore.
Low interest rates and stuff.
Hmm.. must be hard as.
Hmm.. is experience really not that important in singas? -
debts for luxuries and debts for necessities are different thingsOriginally posted by nismoS132:seems like middle class ppl in many other countries all tend to live in some sort of debt. -
Ling, its not bad if you're willing to accept that a middle-class wages do not equate to middle-class lifestyle. No car, 3 room pigeon hole for 2 kids, no major illnesses in the family and no job losses among the breadwinners.Originally posted by Lingos:I didn't think that debt was that bad in Singapore.
Low interest rates and stuff.
Hmm.. must be hard as.
Hmm.. is experience really not that important in singas?
Well, from what I found out in my own job hunting months, experience counts. And it counts a lot, which is why many fresh grads are unemployed or under-employed. Problem is, unlike many other countries, there are no labour laws put in place to put the interests of Singaporeans first (supposedly in the name of meritocracy). So when it comes to the crunch between choosing a PR/foreigner who:-
- does not have to leave his work behind for 2 weeks reservist training on top of his annual leave and
- who can ask for a lower pay due to lower living costs in their home countries and who don't have study/pigeon hole loans to pay off
and a Singaporean, the choice for an employer is obvious. -
garmen keep us busy working ass off & paying thru eyeballs so we won't have time for 'zhao fan'Originally posted by trueno86:32 yo...10 years worth of IT experience... a dozen of certifications except a degree...still trying to pay debts of 15k since three years ago due to wedding...new 4 rm flat...and now a 1 year old baby...end up owing 18k now. A car??? tomica more likely...got hundreds of them...sian!
bt I think dey nvr heard of sgforums leh,, heh heh -
I think7 or 8 out of 10 S'porean r in debt.Originally posted by trueno86:32 yo...10 years worth of IT experience... a dozen of certifications except a degree...still trying to pay debts of 15k since three years ago due to wedding...new 4 rm flat...and now a 1 year old baby...end up owing 18k now. A car??? tomica more likely...got hundreds of them...sian!
My sis-in-law studying her local degree is now in debt of 20k from OCBC bank for studyloan. Even b4 she start to work she areadi in debt.
For me, i'm owe the hdb 180k for my new 5 rm flat.
Me lucky, no reno debt or car debt(cause no car), but soon, baby debt and also me gonna out of job(contract gonna finish).
Me not worry now, as i'm still young(not at 40s), no problem to get a job(lousy and low pay mostly).
Anyway, i think this a trend to keep us s'porean on our toe and work hard so that we can achieve prosperity and progress for our nation lah.
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Given the new trend in the employment market to packagejobs out in contracts between 1 to 2 years, I certainly am without a doubt that people of our generation will have to seriously reconsider on their choice of personal purchase decisions such as the above few.Originally posted by Dragstar:I think7 or 8 out of 10 S'porean r in debt.
My sis-in-law studying her local degree is now in debt of 20k from OCBC bank for studyloan. Even b4 she start to work she areadi in debt.
For me, i'm owe the hdb 180k for my new 5 rm flat.
Me lucky, no reno debt or car debt(cause no car), but soon, baby debt and also me gonna out of job(contract gonna finish).
Me not worry now, as i'm still young(not at 40s), no problem to get a job(lousy and low pay mostly).
Anyway, i think this a trend to keep us s'porean on our toe and work hard so that we can achieve prosperity and progress for our nation lah.
For me, I can hardly see myself planning for anything bigger than a 4rm flat for residential.
And yes, no car, no credit cards, and definately no country clubs or whatsoever.
In my process of employment, I will also have to constantly worry about both having my pay cut due to some 'valid' management reason again - as well as too significant a pay rise that could turn some management eyes on the amount of salary that I draw and hence rendering me vulnerable into their secret list of 'too highly paid'.
If Heaven is kind, then life might go on smoothly for the majority of us until we hit into our 40s.
Whether we can successfully get contracted jobs renewed again or be forced into a reemployment hunt, the housing and other essentials such as life and health insurances had better be paid up full.
Otherwise at this possible grayest junction in the typical population's life, savings could be used up extensively while the potential fear of having paid-half-way insurance coverage terminated and loan repayment difficulties will gloom in your face realistically.