

We do not necessarily have to always talk about buddhism in a pessimistic way, for example, I always say that Buddhism is the way of Bliss.Originally posted by paperflower:Some people say that Buddhism is responsible for certain countries remaining undeveloped and backward. They also say that Buddhism always talks about suffering and giving up the worldly life to sit in a forest and meditate. It is for this reason that Westerners in the past have introduced Buddhism as a "pessimistic religion".
Whatever they say, there can be no controversy regarding the unsatisfactoriness of life.
While there can be no controversy for the mature person who studies Buddhism deeply, we must know how to introduce this religion according to the understanding capacity, education and maturity of the people who listen to us.
If we are going to talk only about the ills of life and uncertainty and impermanence of everything to children and immature people, the psychological effects can actually hinder their progress in the world.
When in business, set our goals and go for it! We canÂ’t afford to be flickered minded in business. I agree that the business world can serves as a good practice ground; just that it is easy to enter, difficult to get out when it grows.Originally posted by paperflower:when we don't have an ambition or goal, it is like an aimless journey, where one is not sure where one is going. when one has ambition, one has focus in where one wish to go.
I know of one qikong master that has a shop in Toa Payoh. Got to book months ahead for appointment for massage. He belongs to Eckanka organization and goes for retreat quite often. Though we need very little to survive but an ongoing income is crucial in Singapore especially when you have a family.Originally posted by longchen:I wish to retire early, so that i can spend more time on spiritual pursuits.
My Reiki/qi-gong teacher is an inspiration. He did not have a proper employment for so many years and yet finance was never a problem for him. Now, he even go for long spiritual retreats. To him, it was a matter of applying and understanding certain metaphysical principles of intention and manifestation.
However, i believe one's fortune and destiny moves in cycles. In the phemenonal world, we can't have good days all the time.
100% agreeOriginally posted by longchen:However, i believe one's fortune and destiny moves in cycles. In the phemenonal world, we can't have good days all the time.
Yah so true. I recently heard that generally the CPF may not be enough for retirement expenses.Originally posted by Thusness:Though we need very little to survive but an ongoing income is crucial in Singapore especially when you have a family.
Yes. Actually 30+ to 40% of regulatory saving is considered quite high, it should be sufficent. The problem is that these savings got wiped out by the correction of asset inflation.Originally posted by longchen:Yah so true. I recently heard that generally the CPF may not be enough for retirement expenses.
I am refering more to the sales of assets at a lost that wiped out our wealth in CPF due to the correction of asset inflation in today's newspaper. The loss is a realised loss.Originally posted by coolbluewater:Inflation does eats up a portion of our saving, but if you do investment wisely, you should be fine.
There has been alot of debates as to how much is sufficient for retirement. There's no definite answer here. It all depends on how you want to live your life after you retire.
If you compare the price of necessity products today and the day when you retire, you will definitely see the significant difference in terms of pricing. This impact is even significant when the oil prices are continuously increasing without any sign of stopping. Of course, the definition of necesity products may change over the course of years, and the category will expand.Originally posted by Thusness:I am refering more to the sales of assets at a lost that wiped out our wealth in CPF due to the correction of asset inflation in today's newspaper. The loss is a realised loss.
And also to asset inflation, not so much of price inflation according to a basket of goods. Luxury items like properties and cars are not within the basket I supposed.
Yes how much is enough for an individual is often subjective. However from the perspective of wealth management, there is also a general guide for the amount of saving needed. The ratio of 30-40% saving of our income at a compounded interest rate of 2.5 percent is quite an achievement. Sad to say even with that quantum, it is still quite difficult to cope with the asset inflation.
Yes, the oil price will become quite an issue to the world economy. Imagine just a single Malaysia's Petronas can earn 30 billion SGD, that is more than the total net income of all the companies in our main and secondary board listing added together a year. Tremendous disparity of wealth distribution.Originally posted by coolbluewater:If you compare the price of necessity products today and the day when you retire, you will definitely see the significant difference in terms of pricing. This impact is even significant when the oil prices are continuously increasing without any sign of stopping. Of course, the definition of necesity products may change over the course of years, and the category will expand.
In buddhism context, the key to survival is to live simple. Applying it to our daily living, you will find that alot of things you considered must have may not be so essential afterall. Of course, you don't have to live in a cave to realise this, rather to manage our expectations (needs and wants), and invest wisely.