I couldn't stop but think of a person I came across today afternoon at Choa Chu Kang Bus Interchange. There was this very old auntie whom I supposed is a cleaner. She look quite fragile but she was pushing the heavy trolley to the cleaning area. And I started to think why the poor auntie who is already so old still have to slogged her guts out for a paltry $600-700 per month clearing rubbish and cleaning the premises.
Did she not save up for her retirement when she was young? Is she still working now because she wish to support her son/daughter or the person who is providing her lodging and food? She certainty is not those who wish to work because she do not want to sit around wasting time though. And it is quite heart-breaking to see people of old age unable to enjoy the remainder of their life after slogging so hard during their youth.
Over at the other end, we have:
SINGAPORE, April 25 (Reuters) - Celebrity-chef dinners, huge pay hikes, and hot properties with a garage for the Ferrari and a berth for the yacht... some people in Singapore are living it up.
And therefore saving for retirement is very important. If you know that you certainty ain't gonna be as rich as those who can afford housing at marina bay, I guessed you have no choice but to start saving hard the moment you started working so that by the time you decided to retire you are able to escape the fate of the poor auntie doing cleaning service at her age.
I'm thinking I should start saving up more agressively asap. Currently I am spending up to 40% of my wages earnt for my time @ Starhub. I hope to cut my spending down to 30% and increase my net worth to $8-10K at this year end. And it's good to have a plan to achieve the financial goal because it is always better to start early than late.
Today I also went for the informal tea session and essay writing for LKC scholar programme at SMU. Will touch on that tomorrow.
posted by Immortali @ 9:30 pm
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