I just want to take a short break to introduce the Singapore Plan.
i) Do well in school.
ii) Get a university degree in a professional field
iii) Get work in either the civil service or MNC.
iv) Get married.
v) Buy a HDB flat / Condo.
vi) Get a car
vii) Have kids
viii) Finish reservist / Grow old.
ix) Die before you become a burden to the government.
Powerful institutions exists to reinforce this plan from HDB loans to baby bonuses. People who deviate from this plan are on their own or labelled quitters or unpatriotic assholes.
A large component of this plan is also only possible with hefty loans or obligations.
I think a large part of wealth accumulation means breaking out from this plan and coming out with something on your own but that will be a post for another day.
Which brings us to this new idea called Lifestyle Design. I always believed that Singaporeans can come up with their own plan based on their own personal circumstances. This requires some effort in developing a Philosophy to Life, something which I'm currently developing for future books which I hope to launch.