When you are close to 40years old, life begins to intensify. Mid life crisis sets in. Retrenchment happens. Financial demand increases. Some people around you pass away. That’s reality.
For me, I started to think about the meaning of life. It was at that time I left my corporate job as a civil servant. It was a stable and well-paying job: everything that my mum wanted for me, but it took me more than 30 years to find out it was not what I wanted for myself.
I am a very average Singaporean. I studied hard, graduated from NTU and got a good job. I followed my mum’s advice and saved up more than 40% of my salary each month. I was satisfied…until I learnt from some of my colleagues that my savings are being eaten up by inflation every year!
I followed one of them and invested in unit trust(honestly, I have no idea what’s that, and I still don’t know the intricacies today). In 2009, I happily put my money (about $90k) there, thinking that it is better than putting it in a bank.
The next thing I know, I lost 40% of my savings in unit trust! My hard-earned savings…
To others, it may not be a big deal, but for a conservative Asian lady like me, that was really like the end of the world. I started questioning everything. I studied so hard in school, scrimped and saved my average salary, only to have 40% of it taken away from me almost instantly. That is not fair.
Under such situation, some people binge eat. Others coop themselves at home. For me, I literally started searching day and night frantically for an answer to my question.(never push a lady to a corner)
It was a long roller-coaster ride. I met some mentors along the way.
Long story short.
Today, I am living a fulfilled life as a teacher, author and speaker on financial education. I have taught over 5300 students from across the globe, in events such as Invest Fair Singapore, Value Investing Summit and EXCEL Women's Conference.