Thursday, April 23, 2020

Everything We've Prepared For In The Past All Comes Down To This Winter Season

Winter is finally here.

By now, you must have realized that the world is on an unprecedented pandemic crisis and global economies are being impacted.



What seems like a containment in one area of a globe has now spread to more than 190 countries, affecting millions and billions of people, both physically and financially.

To limit containment, many businesses are required to shut down or suspend their operations in order to discourage people from gathering closely together. This has led to many manufacturing companies delaying their productions, hence limiting the supply it has for the world.

With many businesses unable to project for certain how long the pandemic and shutdown will last, most have resorted to quick fixes such as letting their employees go either permanently or unpaid leaves.

During the shutdown, most companies will be struggling to cope with survival as they are not able to generate any revenues. 

Most people are impacted as well because the majority will either have no jobs by now or they are forced to go on unpaid leaves which technically means no income for an extended period of time. The luckier ones are those that are still able to cling onto their jobs for now but will still be subjected to pay cuts.

What F.I.R.E Community has been preparing

Some of the people in our F.I.R.E community has been impacted by this unprecedented crisis as well.

Some lost their jobs while others get a pay cut, myself included.

Being the sole-breadwinner of the family, I can relate to the struggle because 20% of pay cuts can be bitter tough to swallow, let along those who are receiving no income at all during this period. 

Most of the survival expenses such as groceries, mortgages, utilities, electricity, and phone bills are still running on a normal or extended rate. The only saving grace is that discretionary expenses such as traveling and entertainment are shut down close to zero.

But it is still tough. 

I feel the heat.

But I think most people on the street feel it worst.



First, the majority of Singaporeans do not stash a sufficient amount of savings to tide them through periods where they do not receive any income.

According to the research study by Business Insiders (Link Here) conducted just late last year before the Covid, half of all Singaporeans do not stash at least 6 months' worth of emergency funds. One in five doesn't even have 1 month worth of expenses in working capital.

That is a staggering number especially considering a first-world nation we are today.

Yes, the government has temporary measures to assist those who are unemployed by giving them $500 worth of temporary relief fund but that's likely just enough for basic groceries for a couple of weeks. It certainly won't be sufficient if you have a larger group of family members.

Another study which was conducted last year by Business Insider (Link Here) also shows that one in three among all Singaporeans do not invest and grow their money.

I am assuming here that the group of people who falls under the subset of not having emergency funds do not invest. So they are likely the same group of people.

For most of us who have been engaged in the F.I.R.E community or discussions all these years, we can call ourselves fortunate.

Everything that we've prepared for in the past few years or decades comes to this winter moment like this.

We've built ourselves a system of resilience of having sufficient savings and emergency funds, even if that means forgoing our frequent consumption of expensive coffees or bubble teas.

We've built for ourselves multiple sources of diversified income through side-gigs or weekend jobs so that not only will we receive more income but also build upon our capabilities to do multiple tasks at different job offerings.

We've also looked at our expenses category very carefully and that means trying to get the best deal out of every big spending such as using the best credit cards for utilities, improving our cashflow through deferment of big ticket items such as mortgage rates and individual tax payments and trying to get the best deal everywhere. Very Niao indeed!

We've also put ourselves in situations that enable us to take favorable action in unfavorable market conditions such as cheaper valuations so that we can reap and sow the fruit of labour when everything else is back to normal operating condition.

These are not overnight preparation.

These are years of intensification fortifying our mental capabilities, tuning trial and errors, and instilling hard work and discipline into our day-to-day.

Everything we've prepared for in the past during Summer, Autumn and Spring all goes down into one Winter season.

We are better prepared today because we've prepared better than the majority of people.


Thanks for reading.
If you like our articles, you may follow our Facebook Page here.

10 comments:

  1. Replies


    1. ☑️☑️COMPOSITE CYBER SECURITY SPECIALISTS ☑️☑️

      •• Are you Seeking for the Best Legit Professional Hackers online?
      Congratulations Your search ends right here with us. •• ⚡️⚡️

      ☑️☑️For Years Now We have Been helping companies secure there Infrastructures against malicious Attacks, however private individuals have been making use of our services to provide Optimum solutions to their cyber and Hacking related Issues by providing them unlimited Access to their desired informations from their Target such as Phone Hack (Which enables them to monitor their kids/wife/husband/boyfriend/girlfriend, by gaining access to everything they are doing on their phone without their notice), Credit Card Mishaps, Website Hacking, Funds Recoveries And Every Other Cyber Related Issues That has to Do With HACKING.

      ☑️☑️COMPOSITE CYBER SECURITY SPECIALISTS is a vibrant squad of dedicated online hackers maintaining the highest standards and unparalleled professionalism in every aspect.
      We Are One Of The Leading Hack Teams In The United States With So Much Accolades From The Deep Web And IT Companies. ••
      ••We Offer Varieties Of LEGIT Hacking Services With the Help Of Our Root HackTools, Special HackTools and Our Technical Hacking Strategies Which Surpasses All Other Hackers.

      ☑️ Below Is A Full List Of Our Services:
      ▪️ FUNDS RECOVERY ON SCAM INVESTMENTS, BINARY OPTIONS TRADING and ALL TYPES OF SCAMS.
      ▪️ WEBSITE AND DATABASE HACKING πŸ’»
      ▪️ CREDIT REPAIR. πŸ’³
      ▪️ PHONE HACKING & CLONING (giving you πŸ“± Unnoticeable access to everything Happening on the Target’s Phone)
      ▪️ CLEARING OF CRIMINAL RECORDS ❌
      ▪️ SOCIAL MEDIA ACCOUNTS HACKING πŸ“±
      ▪️RECOVERY OF DELETED FILES πŸ“€
      ▪️LOCATION TRACKING πŸ“Œ
      ▪️BITCOIN MINING ⛏ And lot More.


      ☑️We have a team of seasoned PROFESSIONALS under various skillsets when it comes to online hacking services. Our company in fact houses a separate group of specialists who are productively focussed and established authorities in different platforms. They hail from a proven track record and have cracked even the toughest of barriers to intrude and capture all relevant data needed by our Clients. Some Of These Specialist Includes ⭐️ DAWID CZAGAN⭐️ JACK CABLE ⭐️ SEAN MELIA ⭐️ ARNE SWINNEN ⭐️And More. All you Need To do is To Write us a Mail Then We’ll Assign any of These Hackers To You Instantly.

      ☑️COMPOSITE CYBER SECURITY SPECIALISTS is available for customer care 24/7. Feel Free to Place your Requests.

      ☑️☑️CONTACT:
      ••• Email:
      composite.cybersecurity@protonmail.com

      πŸ”˜2020 © composite cybersecurity specialists
      πŸ”˜Want faster service? Contact us!
      πŸ”˜All Rights Reserved ®️.

      Delete
    2. I am LIGHT STREAM loans Service Lender, we are a legit, registered and guaranteed loan company and we give out loans to individuals, companies, government establishments, churches and business organizations and people of all sorts. Are you in need of a loan for any purpose? Are you in a financial problem? Do you need financial solution?.LIGHT STREAM loans Service is the solution to all your financial problems, our loans are easy, cheap, and quick. Contact us today for that loan that you desire, we can arrange any loan to suit your budget at only 3% interest rate. If interested, contact us immediately via email,(Lightstreamloanlender@gmail.com)

      Delete
  2. Hi B,

    Full agree with you.

    The FIRE and investors are probably in a better position for such an event since emergency funds would have been catered for. One of the worse case scenario is to sell the stocks at a loss to cater for daily expenses. The lower income group is having a harder time since they typically live day to day and has no savings or emergency funds to rely on.

    Personally, I have also bought some stocks in recent weeks. I have no idea whether I caught the bottom (looking at the prices I know I did not). Instead of buying based on price, I am trying to make a purchase or more every month. I have no idea whether this is a better idea. But what I do know is that the prices have went down due to COVID19. When we recover, a few months or a year or two later, I should be better off.

    Stay safe!

    ReplyDelete
    Replies
    1. Hi MIM

      This is really good times for investors.

      As investors, we couldn't be happier that we finally had the chance to invest in companies at this valuation that we thought will never come in a long time but yet it did.

      When the world recovers, and its a matter of when and not if, we will all be better off and I think we'd be glad that we consistently took off the leapt to stay invested and grow our investments during this period.

      Stay safe too.

      Delete
  3. Well said. In my view, those who are not invest (but with huge saving), they will feel even more firm on "investment is risky, dangerous" given current market drop. Guess those who are not invest will stay not vested.

    ReplyDelete
  4. Hi all,

    It makes more sense to invest the fund in the stock market for dividend on a monthly basis. This is regardless of the market movement and I believe that such strategy gives one the peace of mind.

    WTK

    ReplyDelete
  5. I am LIGHT STREAM loans Service Lender, we are a legit, registered and guaranteed loan company and we give out loans to individuals, companies, government establishments, churches and business organizations and people of all sorts. Are you in need of a loan for any purpose? Are you in a financial problem? Do you need financial solution?.LIGHT STREAM loans Service is the solution to all your financial problems, our loans are easy, cheap, and quick. Contact us today for that loan that you desire, we can arrange any loan to suit your budget at only 3% interest rate. If interested, contact us immediately via email,(Lightstreamloanlender@gmail.com)

    ReplyDelete
  6. I never thought I will come in contact with a real and potential hacker until I knew   brillianthackers800 at Gmail and he delivered a professional job,he is intelligent and understanding to control jobs that comes his way
    You can message on his number (385) 2501115,
    Contact him and be happy

    ReplyDelete
  7. Natural herbs have cured so many illness that drugs and injection can’t cure. I've seen the great importance of natural herbs and the wonderful work they have done in people's lives. i read people's testimonies online on how they were cured of HERPES, HIV, diabetics etc by Dr Edes herbal medicine, so i decided to contact the doctor because i know nature has the power to heal anything. I was diagnosed with Herpes for the past 3 years but Dr Edes cured me with his herbs and i referred my aunt and her husband to him immediately because they were both suffering from Herpes but to God be the glory, they were cured too .I know is hard to believe but am a living testimony. There is no harm trying herbs, Thanks. Write him on WhatsApp on +2348151937428. @dr_edes_remedies deals with
    (1)Alzheimer virus
    (2)Cancer
    (3)HIV
    (4)Herpes
    (5)Genital warts
    (6)ALS
    (7)Virginal infection
    (8)HPV
    (9)Hepatitis
    (10)Asthma
    Email him on dredeshome@gmail.com
    https://dredesherbalhome.weebly.com

    ReplyDelete

UA-57154194-1