Casanova,

1) Unless he paid for the car with cash, he has a car loan. Minus the car loan, he may not have any or much of savings.

2) He is much more capable and richer than all of your friends??? Isn't it scary to think what kind of friends that you have?? Is this typical for the generation of 28 years old?? If yes, Malaysia may not have much of a future..

Dreamer

My dear, it's 26, not 28. How old are you and what kind of life have you had at 26? Richest among friends as in personal money, dont include parents.

Did you paid for your own car at 26 too?

Pennywise,

1) Yes, I paid for my own car. But, this is NOT a fair comparison to him. My pickup truck was USD $18K. I was working in USA. I was helping to pay my sister through college in USA at the same time. At 30, I bought a Proton Wira.

I have a friend. She earn about RM120K to 150K per year. She drive a Proton Wira. She own 3 houses/Condos. Her husband earn about RM200K. He drive a Hyundai Elantra.

2) At 26, I have Master degree in Electrical Engineering and working full time for 3+ years. From 18 to 24 ( 6 years), I work 2 part-time jobs (total 40 hours per week) while going to school full time. I pay 75% of my own way through college.

3) I saves 25% of my gross income from 18 to 26.

But, I am actually below average as compare to people in my generation. My older brother was sent to USA with only one way plane ticket plus first year tiution. He worked 40 hours per week plus going to college full time. He got his Bachelor of Science in Electrical Ehgineering in 2 1/2 years as compare to normal student in 4 years. He is a Summa Cum Laude (CGPA 3.9X/4.00). The best student of his graduating class that year.

I have respect for your friend for his hard work and getting his certification (MCSE, CCNA) and degree while he is working. It is not easy. But, why while he worked very hard for his money, he was not very careful on handling his money??

In most part of the world, the 3 largest purchases of a person's life are

A) Degree

B) Car

C) House

And, in most part of the world, people over-stretch their finance and spent too much for (A), (B), and ©. They get into debt trap and spent most of their monthly salary paying interest to bank. They essentially work for the bank for the rest of their life.

Dreamer

Well after reading and digesting the whole story......this is my findings. Sometimes things will not work the way that you want it to be. Lets not talk about the car as it has nothing to do with the reason he quit but then he needs to think first before he act. As a friend you guys should not even encourage him to leave the job before he found something better especially in this damm slow economy, car loan, family spending and etc.

If its me I will hold on and on the meantime just scout around for jobs before jumping as at the end of the day you still get paid no matter how much you dislikes your boss unless he fires you right? Just my 2 cents

Dreamer101,
I 'tabik' you with respect man. I do not know how to say this but if what you wrote is genuine, I am nothing compared to you. I guess you are right, end of the world is coming... Nowadays community and young adults my age are not as capable as old-timers like you.

Mind if I ask how old are you anyway? You came out even earlier than all of us, including this friend of mine. Respect respect.

I paid for my very own Audi, in full, at 22

Damn I miss that car.

I'm surprised that a Suma cum Laude didn't realize that foreign students in the U.S. are not allowed to work more than 29.5 hours/week.

Audi... at 22? Swt... all of you so canggih wan ah? At 22, I paid for my own rollerblades got la... Wah liow eh!!

Pennywise,

40+


Spanker,

A) 2 part-time jobs.

B) Yes, he worked illegally because he had to in order to survive. Did you have to do that?? Pay your own way through college??

Dreamer

I would say many forummers' view are not suitable to take as an advice.

That's an obvious fact. At the end of the day, it's who's advice you think relates most to the situation.

Pennywise,

Do you understand something?? In many ways, your generation will have a much much tougher life than my generation but you have not seen it yet.

A) My generation have no choice but to go oversea for college education. It was tough but we are educated to compete with the rest of the world. The immigration was easier and the college cost was lower.

B) The english standard of Malaysian schools was much much higher 20 to 30 years ago. It was not that hard for us to adapt to foreign colleges.

C) We were not facing competition from India and China at home or oversea in term of jobs.

Your generation will have a lot more competition but you are less prepared in term of education and hard works.

Dreamer

Dreamer101,

Yes I understand. I am blur but I am not stupid. I know our times will be more difficult than your's. Competition is more now but our quality of live has also been extended. We reap what our parents sow. Unfortunately for this buddy of mine, he aint that lucky but he made it. Not necessarily on the top but he survives.

Wow, I didnt know you are 40+. Sometimes I see you post here and there, I thought you're some childish kid. Sorry man but you've opened my eyes to how old-timers really were back then. I appreciate the experience. Thanks.

Pennywise,

I am sorry to tell you that as far as I can see your generation's life will get worse over the next 10 years. You may not be able to keep what you have now. Your quality of life will suffer.

Dreamer

Nahhh... I am sure we are still up for some challenge. Maybe it will get worse but it's not going to stop us from living? What's your recommended solution? Mass suicide? Your time, though opportunity is there, had less business opportunities, more diseases, war, killing spree, other bullshit and you made it through. Do you really think we cant?

I mean, every generation is going to have an ass of a time for sure but that does not scare us or make us give up and imho, that's the most important.

Sure it could be hell or worse, nuclear war, 70% world population dies, we may be one of the dead or the survivors but to go on living, it cant be THAT difficult. Scary as it is, all we gotta do is try.

Pennywise,

What are going to kill your generation are PTPTN loan, car loan, and housing loan. My generation has less but we live way below our means. We were frugal. We can survive recessions with our savings. Your generation will be facing tougher times but your generation has a lot less savings to deal with it.

How long can most of your friends survive without a job and family help??

Dreamer

This post has been edited by dreamer101: Aug 11 2006, 04:05 AM

I understand that.. I'm a little bit older than Pennywise and I was old enough to see the 1985 recessions. Yes with lifestyles of younger generations it's alot more tougher if anything bad happens.

This thread is bullshit.

Not only did it not solved any problems but a$$holes come in here to brag how much they make and how to spend their own f**king money!

I had a simple question - PROGRAMMING or SUPPORT?