20-06-2011, 10:22 AM
Nice discussion we have going.
I too belong to the late-20s group and I don't own a flat/apartment yet. No car too. So I’m quite sure I belong to the not-so-lucky group. ïŠ
Actually I can't say outright which side of the discussion is right. I know of peers who are extremely self-reliant, not born rich, but hardworking. They 'invest' in themselves, in that, they work hard, improve themselves and try to make themselves valuable to the organisations they work for. Interestingly, these are the ones who don’t feel that the country owes them anything. They take it upon themselves to improve their lives, for themselves, for their families and for their future spouses. To these peers, I have utmost admiration.
Then there’s another bunch of peers who are more spendthrift. Again, interestingly, these are the ones with an attitude that inclines towards ‘entitlement’. They spend their salaries chasing branded goods and buying cars they cannot afford. And when it comes to buying an apartment, they take the stand that the government must help them get what they want. The peers in this group actually have good salaries but are savings poor because they spend too much. So naturally, they feel that it’s difficult for them to put down that hefty deposit needed for a property purchase. I’m not saying their ‘branded’ lifestyle is wrong (to each his own), but I think they cannot expect everything to fall in place nicely for them if they don’t do something about it themselves.
Unfortunately, I have more friends belonging in the latter group.
I too belong to the late-20s group and I don't own a flat/apartment yet. No car too. So I’m quite sure I belong to the not-so-lucky group. ïŠ
Actually I can't say outright which side of the discussion is right. I know of peers who are extremely self-reliant, not born rich, but hardworking. They 'invest' in themselves, in that, they work hard, improve themselves and try to make themselves valuable to the organisations they work for. Interestingly, these are the ones who don’t feel that the country owes them anything. They take it upon themselves to improve their lives, for themselves, for their families and for their future spouses. To these peers, I have utmost admiration.
Then there’s another bunch of peers who are more spendthrift. Again, interestingly, these are the ones with an attitude that inclines towards ‘entitlement’. They spend their salaries chasing branded goods and buying cars they cannot afford. And when it comes to buying an apartment, they take the stand that the government must help them get what they want. The peers in this group actually have good salaries but are savings poor because they spend too much. So naturally, they feel that it’s difficult for them to put down that hefty deposit needed for a property purchase. I’m not saying their ‘branded’ lifestyle is wrong (to each his own), but I think they cannot expect everything to fall in place nicely for them if they don’t do something about it themselves.
Unfortunately, I have more friends belonging in the latter group.