Sunday, September 02, 2007
D0llar And Sense
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It seems years ago when all it took for us men to please a lady was cash, a car and a credit card.
Throw in a condo and a country club membership and she's all yours.
But not anymore. Just spend 5 mins standing by the roadside at R@ffles Place and you would be busy counting the number of ladies driving Audis, BMWs and even Porsches with your toes, and you most probably even have to borrow a stranger's fingers.
Cash, car, credit card? The ladies have them all.
There's a new term to coin the ladies: EHM.
Emotionally High Maintenance.
In the real world, the ladies put up fronts to appear superior. They have to, in order to climb up the corporate ladder. But once it comes to private time, they want someone to 'abuse'. Someone they can throw all their worries and sorrows at.
They want someone to make them laugh, and have talks over coffee. Even when you're busy, they want 5 mins of your time to rant their complaints and whatnots at you.
Cost of love has risen.
And bad news? There's no subsidy.
There's alot of hype about the new regulations of Cpf. Someone even coined it as "Can Pay Faster? Contributions Perpetually Frozen".
But people don't realise the importance of annuities. Another form of insur@nce actually. In layman terms, it gives you regular monthly c0ntributions till the occurance of death.
You may easily use up or run out of funds if you would have taken it out and credit it into your b@nk a/c.
People like to live it up, especially after retirement. After working for 40 years, who doesn't want to do things they couldn't do before? I would like to travel around Europe, especially Venice!
Before the change of job, I was having one week break. And during that period of time, I spent $1.5K on Blackathy. There was not much of desperation as I know there would be incoming funds.
But it also dawns on me the importance of saving for retirement! No one would be giving me money upon retirement.
After having studied and cleared my papers, I've formed a deeper understanding how insurance can be beneficial. But what many do not know is they are most likely to be underinsured. What policies they have taken up before may not be able to cover what they need in future.
Simply put, the power of inflation.
There are a large group of people chasing for the 'best' interest rate for time deposits. But it was recently announced the inflation rate is now set at 2%. In time to come, time deposits wouldn't be able to cover your principal.