I have 2 friends

1) guy in 50s....kena retrenched, can't find job but managed to do some free lance business. When then suddenly he was struck by an illness and needed a lot of money for long term operation. Had to ask for money. Don't know how he can support 2 children.

2) woman in her 50s. Got retrenched when she as late 40s, lucky found a job, but then into 50s, cannot tahan new boss, had to resign. Managed to find a job, but at 60% of her current pay. She still has young children to support.

3) guy in 50s...he kena PIP...near MCO, then joined a bankrupt co, in the end also had to leave, then joined another co at 1/3 his pay.
some of you maybe young but when you reach 50s....you feel like walking on glass.....that's gonna crack.

that next 10 years is crucial.

don't ever take any risks to get new job or take up transfers.

you will never know - retrenchment, suddenly co results go south, change of boss

In short, by >50 after almost 25y in the ranks and you still don't have the moni and portfolios working, gearing enough for you and you still fear not drawing a pay cheque then you sendiri yg carik susah lo.

Life has two blind spots most people overlook.

1st: We think joy begins after retirement. Fallacy. Many never reach 60. Death may come today, tomorrow, next week, any time. Why wait to live?

2nd: We think work will remain stable until retirement. Another fallacy. The economy rises and falls. Technology disrupts. No job is safe forever.

The way forward is balance. Save enough for the storm, but do not postpone living. Tomorrow is not promised. While the sun still shines, make our living and live our life.

Life has two blind spots most people overlook.

1st: We think joy begins after retirement. Fallacy. Many never reach 60. Death may come today, tomorrow, next week, any time. Why wait to live?

2nd: We think work will remain stable until retirement. Another fallacy. The economy rises and falls. Technology disrupts. No job is safe forever.

The way forward is balance. Save enough for the storm, but do not postpone living. Tomorrow is not promised. While the sun still shines, make our living and live our life.

I think here the issue is already 50s' still got multiple kids depending on them.

Moral of story here dont make kids after 30. If u do make kid u got to live a tier below your income group. For example T20 salary but live like M40. If u maintain t20 lifestyle u gonna get fucked when u lose your job around 50 y.o

In short, by >50 after almost 25y in the ranks and you still don't have the moni and portfolios working, gearing enough for you and you still fear not drawing a pay cheque then you sendiri yg carik susah lo.

Many people when they reach 40–50 still never upgrade their skills. They still rely on old connections and old ways of doing things, but today’s work trend is different, especially with AI becoming so important. Instead of learning and improving, some just waste time every day having tea with the same useless people.