Myth 152

Saving not enough It is a myth that people will never save enough for their retirement. It is like the insurance salesperson coming to you every other day to tell you that you are under covered and needed more insurance even if you have several millions covered. What is enough or not enough is very subjective. People earning several millions will say they are not having enough. So is someone earning $600. How much is enough is not dependent on how much one saved but how much one wants to spend. If one spends within his means, any reasonable amount is enough. And with other sources of income or savings, even $30k savings are more than enough for one who does not need to spend as he is fully provided for. For someone who wants to sail first class around the world for the rest of his life, several millions may not be enough for his lifestyle. We shall not dictate to the people on what is enough or not enough. It is subjective and personal and not a science. Why are we being forced to save so much and for who?

Good times are here

The msm have been reporting that corporations are having a hard time looking for talents and will pay practically anything to the right candidates. And talented professionals could really call their shots on how much they want. Today the media again splashes the good news over several pages showing how easy it is for fresh graduates to land a job and how well they are being paid. The headache lies in the human resource dept. How to adjust the salaries of those recruited over the last few years and how much is enough. When fresh grads are getting $3000, $3500 or more, how can they continue to pay their recent hires less? And taken into considerations their few years in the organisations, how far should the adjustments go? This is especially sensitive and critical to large organisations especially govt and stats boards where fresh grads are taken in every year. For the average run of the mill graduates, no problem. No need to adjust too much as they can be easily replaced or they can't command much in other jobs. The problem lies in the talented and good graduates that they took in. These are their very bright future leaders and they can easily judge whether they have been shortchanged by the organisations. They are no fools and if the adjustments are not equitable and fair, they will leave at the first opportunity. Those who are staying or keeping mum are those that have not yet landed a job of their desires or under bond. When the path is clear, sayonara. Human resource administrators will have to review their recent intakes carefully and do the due diligence before a mass walkout is at hand. This is the good time, the golden years, and people, especially the young talents, will also want to be paid in gold and not peanuts.

Islamic State: The story untold

Malaysia is an Islamic State. Period. No one shall talk about it anymore. It is sensitive and makes people nervous. It may remind people of many conspiracy theories. It may make political leaders kiss their krises, or people may run amok. The press and media have been told not to report about it. And slowly but surely, govt agencies will issue decrees to invoke Islamic principles for the people, muslims and non muslims, to conduct their lives. Snoop squads will be formed to invade homes and check on the residents to see if they live their lives according to islamic principles. Though the supreme court is supreme under the constitution, all matters that involved islamic principles are out of their juridistion and referred to the syariah courts. There you have it. How could the supreme court or secular courts protect the rights of the minorities when they have no jurisdictions over islamic matters? How could the minorities seek redress in secular courts when these courts just raise their hands and say, not my problem?

Myth 151 - No beggar in Singapore

No beggar in Singapore Technically there is no beggar in Singapore except for a few baskers and a few rich beggars that make begging their profession. And we also do not believe in free lunch and no charity from the state. We are not a welfare state. The reality is that we only beg big time, and in style. Everyday there is news of some kind of begging in the media, or on TV, telling people how good it is to give and how stylish and noble it is to beg. And the proxies to all the beggars are the celebrities and the leaders, all dressed in their Sunday best and asking for donations. This is first world style of begging. We don't encourage begging. But if you must, do it in style in a big way. Why waste your effort begging for a dollar or two when you can beg for millions?

Notable quotes from Sammyboy forum.

We want the tooth, the whole tooth, and nothing but the tooth. You want the tooth? You can't handle the tooth. Ouch, the tooth hurts. It is an inconvenient tooth. Just a little distractions.