It’s the first week of November already! How time flies. 2019 is coming to an end and it’s appraisal season for us public servants in Singapore. Yet, I struggle to figure out what I’ve actually done all year that’s made a difference.

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Half of Singapore is in the world’s richest 10% – and 226,000 people are among the elite 1% (Business Insider SG)

Incredible statistic from Credit Suisse but it also goes to show that how well of you are is a very relative thing. I wonder how many people in Singapore who are among the world’s richest 10% actually feel like they have enough? From my own observations, I can tell you that it’s very few.

2 Big Problems with retiring early (FIRE) in Singapore – Financial Independence Retire Early (Financial Horse)

This is where I think FH is making the same mistakes that the mainstream media is making about the characterisation of FIRE. FIRE isn’t just about saving up enough money and getting a minimum rate of return to go spend money indefinitely. It’s more of a lifestyle change.

The risks in raising the minimum wage (Tim Harford)

The undercover economist points out some good points regarding the latest minimum wage debate in the UK. Also applicable for understanding the sh*t politicians in Singapore say with regards to the minimum wage.

Useless Career Advice (A Wealth of Common Sense)

Well-said.

Too often, the people pursuing entrepreneurship don’t emphasise this enough. I’ve heard a very successfully owner of a fashion brand tell me that passion isn’t enough.

Passion may get you the hard work and effort but you also need to be able to take calculated risks (such as having a fall-back plan). This entrepreneur knew that she could always go back to business school at a reputable local university and at most be set back by a couple of years if her business didn’t work out. However, if she managed to make it work, the upside was enormous (a lifetime or more of fresh graduate earnings in the time that it would take her peers their entire working lives.)