They chose financial independence over home ownership.

This is somewhat extreme but watch how this Canadian couple chose financial independence over home ownership.  They are in their 30s and,...

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Family is financially healthier after retrenchment.

Wednesday, January 25, 2017

" marketplace for jobs."
I won't be wrong to say that many workers live in fear of retrenchment because they are not financially prepared.

Many are wage slaves and are utterly dependent on their earned income for daily expenses. The problem is that many are not even aware of this.

I have shared stories from readers who have been retrenched before. Retrenchment is a terrible thing if we are not prepared for it and especially if the period of unemployment that follows lasts a long time.

However, in all the stories I have shared, there was always something positive that came out of a bad situation. The story today is no different. 

This is about how a dual income family actually became financially healthier after retrenchment.

I believe that life can be and should be better. Even if bad things should happen, I still believe this. 

To be financially healthier, it is not necessary to make a lot of money. Take a hard look at our expenses. 

Even if we make less money now, if our expenses should reduce a lot more, we could actually be saving more money than ever.

It is not how much we make but how much we save that determines if we have money.

Bad things happen in life sometimes but like a Phoenix, a beautiful symbol of rebirth, good things can emerge from the ashes.

Related posts:
1. Prepared for retrenchment.
2. Don't think and grow rich.
3. Downsizing our homes.
4. FREE Medical Insurance!
5. FREE ILP or Term Life?
(This blog post almost got AK in trouble back in 2014.)


jojo said...


AK71 said...

Hi jojo,


Investminds said...

hi AK, can you kindly share what the writer meant by " max out MA to get free medical insurance" meaning topping up cash for MA to hit 49K? using MA to buy medical insurance?

AK71 said...

Hi Investminds,

See related post #4 at the end of the blog. ;)

Investminds said...

Thanks AK. I did a check on CPF MA and found out that i also get free medical insurance as i've max out MA ceiling. I noticed that once MA hit the ceiling amount, the money from MA will be transferred to OA.

AK71 said...

Hi Investminds,

Congratulations! We Singaporeans are a lucky bunch. ;)

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