Already 5 years into the workforce. What have I built?

It was a sudden awakening - I've already worked for more than 5 years.

But what have I achieved?

I stepped into the rat race as a noob (nobody uses this word now, I admit I'm old), being tekan by unhelpful "seniors" who thankfully left after 1+ year of torture and earning lesser than my peers, to slowly building up my confidence, emerging stronger and being more courageous to say "No", proving myself along the way and getting rewarded with better bonuses and increments.

I know I'm working just for the money (and the medical benefits that comes with it).

If I look at the money, so far, I should be doing it right in my career. I've decent bonuses and decent increments. I'm in a general profession, but I'm doing pretty ok.

So what has my 5 years of work got me?

Money. 

Through employment, coupled with my thrifty habits, I managed to hit $100k savings at 25 years old. And it took me another 2-3 years to get another  $100k at 28.

But, along with it,…

4 lottery winners who lost it all

I like the caption below:

With the Powerball jackpot soaring to $415 million, it’s important to remember that money doesn’t solve life’s problems. In fact, many people’s lives took a turn for the worse, and they managed to lose all the money. 


What would I do if I strike the lottery?


1. Keep quiet


This might be hard to do considering that I like to share my joy. But, I'd like to keep my mouth shut and not share this news to anyone - not even my partner and family. I can already imagine what my dad would say and think - he'd expect me to fork everything. He'll probably share this with the external family who wouldn't let me off easily. More family politics will ensue.

As for my partner, he'd probably still treat me the same, but I can't trust his mouth. If he'll to share this news with his family, I'll be labelled as niao if I dont pay for stuffs. Tongues will wag, and I can't take these.

Keep quiet for my own sanity.


2. Continue with my life, as per normal


Winners tend to splurge with their sudden windfall. I've read many stories of people spending like no tomorrow as if they own the riches in the world. Of course, most end up as paupers within a short span of time.

I'd still go to work. But honestly, this riches would make me more reckless. I will probably be more fearless at work, since I can afford to "fire" my employer. Oops, at least I know myself well.


3. Budget my winnings


Depending on my life stage, I'll apportion the winnings. It could be to pay off the mortgage, distribute more allowances to my family monthly, being less calculative when I travel overseas, parking sums into higher interest deposits and going for a thorough health check-up as my mentality now is "don't check if there's nothing wrong".

Also, contribute a portion to finance the medical bills of kids with illnesses.

-

Just typing these so I can refer to this should I strike it rich. One can dream right? ;)

Comments

  1. OMG... u share almost the same style as me =x

    My 4th point will be to invest in blue chip for dividend so that I can have early retirement...

    ReplyDelete
  2. My goodness. With $415m invested in govt bonds at 2% coupon, that would be $8.3m a year. Who needs to invest in stocks then? $8.3m is a lot of $$$.

    ReplyDelete

Post a Comment

No rude messages please. Unkind messages and spams will be blocked and deleted.

All content provided on this blog is for informational purposes only. The owner of this blog makes no representations as to the accuracy or completeness of any information on this site or found by following any link on this site. The owner of this blog will not be liable for any errors or omissions in this information nor for the availability of this information. The owner will not be liable for any losses, injuries, or damages from the display or use of this information.

Popular posts from this blog

My 10 credit cards and which to say goodbye to 😢

How I save >$150k before 28 - updated tips

An offer came...and I'm undecided