Living for the moment or living for the future?
The Americans are best in living for the moment, spend now, with future earnings and be happy. Sinkies are told to save and save and save for the future. Have a lot of money in the savings and never mind if today got no food to eat, or no money to pay the medical bills. Tomorrow, the future, is more important than now, the moment.
And the govt is more or less guaranteeing that the futures of our children will be a pot of gold. Their savings will definitely be enough for retirement. I am not so confident about that even if I set aside 50% of my income, to think that the real value of money will still be there in the future and the money would not be worthless. I am no God.
But it is good advice, prudent, to keep saving for the bright future. But I rather be one that is collecting millions today and spending like a dude now and living life like in paradise. Who cares about the future when tomorrow is also not guaranteed? Who is sure that he will wake up tomorrow morning? But one thing I think I can guarantee, the price of HDB flats will continue to up and up till the lease expires.
I thought saving for the future is with spare cash available and not by forgoing one meal and to go hungry now so as to have some to live on in the future.