School is reopening and i have yet to set everything to automated. The current system I'm testing is really successful. I have calculated in 5 days, I have amount to US$320. That's about S$500! Each day average is about S$100. Much better finding a part-time job : D In fact, the hour I "work" is less than 3 hours a day(that's about S$33/hr of "hard work"). For the rest of the time, I've spent surfing the net, chatting and just having fun while waiting for orders to come in.
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In 1989, the berlin Wall came down. in history of the world, that was one of the most important events. More than signifying the failure of communism, in my opinion, that event marked the official end of the Industrial Age and the beginning of the Information Age.
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The voyage of Columbusin 1492 roughly coincides with the start of the Industrial Age. The fall of the wall of Berlinmarked the end of the age. That change already threatened the financial security of hundreds of million people, most of whom are not yet aware of the financial impact of that change and many of whom cannot afford it. The change is found in the different between the change of the different pension plan of the Industrial and Information Age.
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We are now living in the Information Age, unless you have already retire with a huge sum of money to provide you with food and shelter for the rest of your life, you will not be able to escape the financial wave. Basically, the pension plan of the Industrial Age is, you work for the company until you retired and the company provide you with pension for the rest of your life.
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However, in the Information Age, we don't adopt this pension plan anymore. E.g. Singapore, the goverment now provide a compulsory saving plan, the CPF. How much do you have in your CPF? With the increase of life expentancy, chances are, you will finish the saving before you die(what a crude word).
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People are following the same financial script over and over again.
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The child goes to school, graduates, finds a job and soon has some money to spend. This is what education taught us, get good grades, find high-paying job. Full stop. Thats it. Did it ever teach you the what happen after this? No! Read on... I'm sure you will be very familiar with the scenario... The young adult now can afford to rent/buy a new apartment, buy a TV set, new clothes, some furnitures, and of course a car. And now the bills begin to come in. One day, the adult meets someone special, sparks fly, they fall in love and get married. For a while, life is blissful because two can afford as cheaply as one. They now have two incomes, and they can afford to set a few dollars for a new dream house. They find their dream home, pull the money from savings and use it for a down payment on the house, and they now have a mortgage. Because of their new house, they need new furnishings, so they find a furniture store that advertises those magic works, "no money down, easy monthly payments."
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Life is wonderful, and they throw a party to have all their friens to see their new house, new cars, new furnitures, and new toys, They are now deeply in debt for the rest of their lives. Then, the first child arrives.
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The average well-educated, hard-working couple, after dropping the child off at nursery, must now put their nose to the grindstone and go to work. They became trapped by the need for job security simply becasue, on average, they are less than three months away from financial bankruptcy. From these people, you ofter hear, "I can't afford to quit. I have bills to pay."
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Solution? I will tell you in my next post :P