in a dinner conversation with my family and siblings. It was the first time I
was sounding alarms of the imminent crisis ahead.
siblings, friends, relatives, colleagues, my blog… Throwing stones at me and
thinking “Not another Ho-Hum script” from me. You just have to search the word “crisis”
in my blog here, and you can read them all. Haha…
by many today, as “successful”. They were living in huge landed properties, holding
positions at the top of work hierarchy and most importantly, were still doing really well back then.
of my comments. There, there were having talks about Ferraris to more posh
houses to own, and about this rich man or that rich woman… Here, I am talking about crisis, and asking
everyone to deleverage.
the use of telling us there is a crisis?”
She further added “Even if there is a crisis, everybody will need to go
through and there will be no escaping.” She carried on to describe her new business venture
and how to earn more money NOW. I opposed to the new business idea as I think it
was unethical at its core. Anyway… I give in to her and shut up to avoid squabbles.
and tried to explain about how the possibility of a hike of interest rate “eventually”
is going to affect our homeloan servicing and re-financing, advising that it was still a good time to cash out his property back in 2015. Obviously big house
normally comes with big mortgage loan, which is what I am concerned. The reply “I like to live in a
just have to shut up on topics about my gloomy outlook and everything that night continued as usual. I was not
bitter, just worry but still hoping that the future will be
brighter than what I foreseen.
know that it was not just my siblings laughing off my chants. The chasm was
also found between me, and some of my colleagues, friends and readers
blowing trumpet and shouting, “Wolf is here, Wolf is here!” It was always with
justifications and facts. In fact my truthful intention (that is if you
believe) always ended with solutions and actions too.
not receptive, NONE is able to overturn the veracity with facts and logical
Who am I to comment
that others is wrong and I am right?
To be honest, whether I am right it is truly not
important. It does not really bother me. What is important is if I am
telling the truth. And by speaking the truth, it will help my loved ones around
me, probably not you who are reading right now, but there are certainty people
who I cared who believed in me, and reading right now! This is all it matters!
justifications strictly pointing to the subject matter are just opinions and
cannot form the truth. Well….if opinions are supported by logical reasoning, I
am ready to accept the truth and admit I am wrong and apologises from the
bottom of my heart.
critical, commanding or a stubborn bastard, but I will by all my means defend what
is the truth that will be unfolded when we are not blinded.
and facts to overturn TRUTH, and yet refuse to admit, then we are blind. To me, there are 3 reasons why people can be blinded:
to comprehend truth or simply bo-chup!
are biased against the person speaking the truth.
worries because this is going to affect the person adversely and he/she has no clue whatsoever what to do in a difficult situation they are in. Hence it will often lead to covering up all of one’s actions with reasons not relevant and logical to the subject matter.
Instead the response will be excuses based on self-pity or self-ego or
self-stubbornness which eventually led to anger, putting the blame on the
person speaking the truth. It always happen.
be blinded is because we are emotionally attached to people who can shield us
from seeing the truth, even if the person influencing us is not harbouring any bad intentions.
of money, and more money. It also includes the trait of high ego especially for
people who are at the echelon of the society. Then there are some who for
all their life always think they are correct without any facts and proofs to
back it, but instead pure abstinence!
CRISIS OR RECESSION COMING, TELL US WHAT TO DO! “
“STOP SCARING US….”
“WHAT IS THE USE OF SAYING
ALL THESE THINGS?”
already mentioned so many times in the past! I just thought we are smart enough
this time to know what to do and I should stop the spoon-feeding. Moreover, everybody’s situation
is different, how can I possibly know exactly what is best for each and
everyone of us. I share the truth and the knowledge, and you can decide what is
the right medicine to your problems.
my blog, you will have know by now, that I already prepared for the worst a
long time ago. Thereafter, I had devised for myself various options if
the worst is to take place. So using my example as reference, you probably can
understand even better to devise your own options/solutions.
is why we do not know or have totally forgotten!
what we should do if a recession is looming, here you goes.
lavish spendings and avoid any new loan commitments. No more speculation of
stocks or real estates or any other assets that give high returns but also high
risks. In other words, be conservative, prudent and low risk.
out of the stocks and highly leveraged real estate we currently owned, so that
in worst scenarios of loss of jobs or collapse of businesses, we are still in
comfortable cash position to tide the crisis. Alternatively the cash can also be use to deploy during the right time when things become cheap.
because usually if the economy deteriorates, precious metals tend to go in the
opposite directions. This is called hedging.
It is also mentally, which is even more important sometimes. If we are mentally
prepared, normally we will have more inner peace. When we have more inner peace
and less frantic in the face of difficulties, we tend to make wiser and better
job performance, which can also explain why we can be the last to be
retrenched in our job compared to our fellow colleagues.
mind, we can also better appreciate our family members and loved ones around
us, which means less straining of relationships. Less quarrels and more love in
spite all the worries and stresses at work. It is not easy unless you are
blessed with mental preparation is when you start to be thankful. Be thankful
to the loved ones around you. Be thankful to the people who share good. Be
thankful of what you have, rather than covet the money, power and fame! Not easy…….
Although it is just so simple!
Human nature being deceived by the system.
things always come in bundle. For instance, if economy is bad, work problems
soared and if our cash is strapped, stress build up not only in work but also
bringing all the anxiety back home. Our children who are supposedly so innocent
and lovable will become irritating in our eyes. Our spouse will become our
target for venting anger. Somehow we blame it on bad luck.
our negative stress build up as main culprit we are oblivious of? Health
problems come knocking. In situation where cash is already tight or we are
already are so burdened by the losses (from business, career, stocks etc), imagine we still need to pay medical bills? Inevitably, more worries arise. The already
weakened body finally collapses!
doubts, the earlier we know the imminent crisis, of course the better it is.
about me telling the solutions, the main problem is really “will anyone
listen?” or “will those who listen” take actions which will often
means “short-term” pain, but essentially long term benefit in our life.
the most difficult and painful decisions can often be translated to the best
decisions in life. I had my fair share. At the peak of my career, I repented and
decided to give up all my power in work and I am blessed with more time to understand
what I could never have understand today – be it in investments and more
importantly what life is all about!
not make the difficult decision on 9 Aug 1965 …..
not give up his business during the once in a lifetime O&G greatest peak,
he will not have receive the tremendous joy he has today by serving god and helping all
the people around him.
staying with the wife or girlfriend you DO NOT love, and solely because of commitment…
covet the wealth, power and fame and did not step down as CEO of Microsoft at
age 45, today he and his wife will not doing all the good in this world saving
thousands of lives.
the owners is a staunch Christian will not have take so much debt to glorify
the company and his ambition rather than to glorify god….
our wealth, fame, power or unreal commitments etc….. so no decision.
problem is where we need to solve it.
lazy and be poor all our life. We still need the resources before we can help
more people. What I am just saying is not to be overly blinded in our pursue of
wealth. Be humble and mindful of our attitude and what we speak.
rich good people around!
has passed. We had our dinner recently. Things changed, reactions changed….
More receptive…. It was written in the eyes and body language! Although not
entirely changed…. But…..
did my part in sharing since the beginning.
past, never that benevolent. Many will say, “Stop all the pretending!”
strange, somehow there is this strong voice within me asking me to share the
truth… to help…maybe…
Anyway, whether if there is a Crisis or not, I am not asking you to live each day as if it is the end of the world and fume, fret and worry the ass out of it. All I am saying is be prudent and yet we can still be happy be it in crisis or not! And if there is a crisis, remember we still have our health and the loved ones around us – That is the most important!