Jan 30 2020, 12:32 PM
QUOTE(spilocke @ Jan 30 2020, 12:09 PM)
Baby Boomers seldom overseas holiday... not their lifestyle... no youtube so no push factor to see the world. Extra money put in house. Credit card? Got money only spend.
Millennieals, rise of internet, see youtube, see holiday, go holiday. Easy credit approvals. Their access to information is vast and very tempting to keep up with the tech. Paying monthly subscription for almost anything is very common. The mode of socializing also increased and wider than before... owning gadgets becomes their lifestyle, gaining experience. Money can flow out in various ways.
End of the day, seduction for latest tech, gadgets, holiday, experience is the money vacuum cleaner. Now imagine if Smartphone only discovered last week and we are all using green screen terminals at work. No such thing as monthly phone subscription to suck from your salary. No Astro no internet, no aircon.... the only thing that requires monthly payment is water and electric bill. (Baby Boomers grew up without all these extras we have today)
The world is changing, and rules of the game are changing. Parents did not tech you the rules of today but the rules of their day which in some cases is 40 years outdated. So whoever remains in a coconut shell will become kecian lo..Millennieals, rise of internet, see youtube, see holiday, go holiday. Easy credit approvals. Their access to information is vast and very tempting to keep up with the tech. Paying monthly subscription for almost anything is very common. The mode of socializing also increased and wider than before... owning gadgets becomes their lifestyle, gaining experience. Money can flow out in various ways.
End of the day, seduction for latest tech, gadgets, holiday, experience is the money vacuum cleaner. Now imagine if Smartphone only discovered last week and we are all using green screen terminals at work. No such thing as monthly phone subscription to suck from your salary. No Astro no internet, no aircon.... the only thing that requires monthly payment is water and electric bill. (Baby Boomers grew up without all these extras we have today)
Ayam had no understanding of how this world works from 19-23 despite ayam dad a banker =.=. At 24 ayam figured out something was very wrong since simple maths deduced ayam will never be able to have a good income, earn salary or even pay for a good car. The only thing ayam learn from parents is savings. Then with some work from 24-26 ayam learn to budget, gain info, invest, and build new income streams - nao ayam at 3x can buy merc cash and finance a home, but refuse to do so unless its a good value buy. Ayam still renting to maintain strong cashflow and little responsibilities.
Ayam parents buy car every 4 years last time - so age to age > ayam still on my first car - my parents on third already. Imagine all that money dumped down.
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