Personal Update April 2021

JC Project Freedom Struggles
Image by M P from Pixabay

The pain of working for assholes

Recently I met up with a friend from the industry and he told me that he will be leaving the company soon. He asked whether I will be interested to replace him. He shared with me the pain of working with his current boss. It is painful to work with most of the children of the nouveau riche. I had my fair share of experience (you can read it here) working with a spoilt brat and he was 27 years old then while I was 35 years old then. He was arrogant and said things sarcastically such as, “After working for 10 years, this type of thing you still don’t know ah?”

My friend is in his early 40s, he mentioned that after working in the industry for so long, he will not tolerate nonsense from his boss’ insolence. He is returning to his previous company. I ask him how long can our industry last? He mentioned another 10 years, at best. I don’t think I will want to work for assholes in exchange for my health, time, happiness, or money, I don’t need to do that.

Post Meeting

After the meeting, I felt depressed for few days. It is not easy finding new employment when your industry is shrinking. I have tried to find alternatives in Singapore but so far to no avail. When my present employer asks everyone to return to Kuala Lumpur, Malaysia, that will be the time I will reject the request. As you are aware, employers want team players and not lone ranger or someone who dares to defy instructions.

Remaining Charter Period

My employment started on 16th March 2020 for 2 years contract. Both parties can terminate the contract by giving 1 month notice. The yearly completion bonus of 1.5 months is already removed as of 31st December 2020. Hence, I can choose to leave at any time if an opportunity arises.

What I learn from reading Felix Dennis – How to Get Rich

In short, there are many excuses made by different age groups. The young and penniless will complain that they don’t have capital and experience. The slightly better off and on the way up with a halfway decent job will consider the loss of what they have already achieved, plus lack of capital. The senior manager or professional with a decent house, mortgage, and children will be concerned about the risk to the security and happiness of the spouse and children. All sorts of excuses to take the plunge.

From the Felix’s book – The Upside-Down pyramid of getting rich as follows:

  1. Commit or don’t commit. No half-measures
  2. Cut loose from all negative influences
  3. Choose the right mountain
  4. Fear nothing
  5. Start now
  6. Go!

The Eight Secrets to Getting Rich

  1. Analyze your need. Desire is insufficient. Compulsion is mandatory.
  2. Cut loose from negative influences. Never give in. Stay the course.
  3. Ignore “great ideas” Concentrate on great execution
  4. Focus. Keep your eye on the ball marked “The Money is Here”
  5. Hire talent smarter than you. Delegate. Share the annual pie aka bonus.
  6. Ownership is the real “secret”. Hold on to every percentage point you can.
  7. Sell before you need to, or when bored. Empty your mind when negotiating.
  8. Fear nothing and no one. Get rich. Remember to give it all away.

Coming back to my earlier point, I am still hungry. Maybe in our lifetime, we won’t accomplish our ideal 5 million marks but it does not matter. We are just custodian of money, it is a game of collection but can never bring it with us. Ashes to ashes, time is limited and we will be gone one day. The key is living a purposeful life and enjoy the journey. At the end of the journey when we look back, are we pleased with what we have done with our lives? Who will care how many zeros you have in your bank? My children will be. That’s beside the point. Who will care what XIRR you have done for last 20-30 years? Who will care how much assets you own? How about how lives you have touched? What impact you have done to make the society a better one to live in?

I am thinking of my next 10 years. I am turning 39 years old soon. My last 30s. Soon I will be in my 40s. Bring it on.

Conclusion

I don’t want to be at the mercy of others. I don’t want to be at the back and call of others. I don’t want to do things that are not aligned with my values.

Lyrics of My Way by Frank Sinatra

My Way GIFs | Tenor

And now the end is here
And so I face that final curtain
My friend I’ll make it clear
I’ll state my case, of which I’m certain
I’ve lived a life that’s full
I traveled each and every highway
And more, much more
I did it, I did it my way

Regrets, I’ve had a few
But then again too few to mention
I did what I had to do
I saw it through without exemption
I planned each charted course
Each careful step along the byway
And more, much, much more
I did it, I did it my way

Yes, there were times I’m sure you knew
When I bit off more than I could chew
But through it all, when there was doubt
I ate it up and spit it out…

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  1. Financial Freedom in Singapore Cost SGD 4.3 million

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