I don’t know if we’re on the verge of recession. We can’t ever predict such things to happen. Just when the stock market is doing rather well this year (at time of writing, STI ETF time-weighted returns are at 8.32%!), I have also received a few pieces of bad news from a bunch of friends and colleagues.
If you’re in a similar industry with me, then you’ll know about the ongoing retrenchments around a few MNCs in Singapore. So far, I’ve personally known 3 friends who are affected by this this year, and they are only in their early 30s and 40s.
The idea of job security is very different from my father’s days. I don’t believe that job security exists today anymore. Anyone is replaceable in their company, much less a junior engineer like me. If you think that you are indispensable in any way, the value that you see yourself in your organization may be an oversight and arrogance on your part . There are so many people in the world, there will definitely be someone better than you, and most probably, cheaper.
After hearing all these news, it made me ponder even more about how long more I need to reach financial freedom. The urgency has just been turned up a tiny notch and I have became a little more grateful for what I have. The new company that I am in now is still moving forward with new project bookings and I feel glad that I can integrate well with my new colleagues. You never know what will happen the next day, the next month or the next year, but one thing that is within my control is how I improve myself.
Be it technically, or financially.
Well of course, Miss Niao prefers very much the latter.