shingshing

After so many years of education, it seems that the salary that you're fetching can't even net off the amount of $ you've spent on education for the past 2 decades.

From kindgergarten up to poly/uni and any further studies ie. masters/honours, add up all the amount of $ u've spent on sch fees & ccas etc. It's got to be a HUGE sum of money. Assume $85,000.

Now, assuming u're fetching a salary of $2,500 as a fresh grad from uni. U try to save 20%. 20% to CPF. 20% to parents for allowance. 20% - 30% could be your normal spendings. And the remaining 10%-20%, you use them to pay for utilities, handphone bills, insurance etc. These are your PRESENT spendings.

In other words, what you're earning in future are used to pay off future expenses. And whatever savings u've left are meant for emergencies, marriage, investments etc. In fact, most of the time your savings are always NOT enough for these events.

But what about the PAST spendings that you've incurred for your 20yrs+ of education fees? Those are mostly borne by your poor parents!

Assuming these $85,000 education fee is treated as a loan from your parents and you need to repay your parents $85,000 once you graduated and find a job out there. Do you really think you can repay this sum of money?

I really doubt so.

So, even though you have a collection of different degrees, the salary you are fetching can't even bring back the amount of money you've invested in education!! That's becoz you've to pay off your PRESENT SPENDINGS!

And the main thing is, you are still poor, you are still pathetically working for bosses, you are struggling to be financially sufficient, you are saving real hard for that dream car of yours, you can't afford to pay for housing (unless by installments through CPF), you need more money for marriage and you need even more money for your children!!

Its just like a cycle! Education can only guarantee us a stable job but how to make it rich?!

The rich only gets richer, the poor remains as poor!