support@kopiandproperty.com

Advertisements

Advertisement Banner

Caring for ourselves is important too, could we?

I remember many years ago, there was an advertisement on tv about Chinese New Year. The scene was the old folks home. It goes something like this. First person said, ‘My daughter is a doctor. She earns a lot of money just by doing a surgery.’ Second person said, ‘My son is a lawyer. He is a top lawyer and earns a lot of money.’ Then, both of them look at the third aunty and asked, ‘what about your son. Is he very successful?’ The third person was about to say something when she saw her son’s car, a Proton Iswara being driven into the old folks home’s compound. She said, ‘there’s my son. He is here to take me out for dinner.’ She beamed happily. Both the first and the second aunties looked at one another and everyone can see how they envy this third aunty who will be going out for a dinner with her son. How do we define success? Earning the most money or time with family? No right or wrong answer, just note our own priority that’s all.
sadtalesIn NST today, there are a sad articles about old folks. Forgotten old folks. I am lucky. Both my brother and sister have their families and are doing well. My parents were both educators and today both are retired and staying in my hometown. I told my wife that it is very important to have enough because no one knows what would happen to us when we are old. There’s no guarantee that our children is able to take care of us. Sometimes, when times are rough and tough, it may be best for them (children) to take care of their families first. As usual, parents would always sacrifice themselves even though they have sacrificed so much to raise their children. Let’s not talk about those children who are able and yet chose not to take care of their parents. So, are we doing enough so that if really necessary, we would have enough funds to last us till the day we say bye-bye to this world? For some of us who has yet to plan, it’s time to start. These articles in NST are real and the situations would get worse and not better. Cost of living is getting higher. Medical expenses are becoming prohibitive. In future, if we are also staying in old folks home, it is hard to pin the blame on anyone. Unforeseen circumstances do happen.
I have asked my 4 year old daughter this question a few times. ‘When you grow up and papa grow old, will you take care of me?’ She would always answer ‘Yes.’ I would smile and tell my wife that whatever happens in the future, it’s important for us to plan for our retirements. My wife agrees and in fact is the one limiting me sometimes when I intend to buy another pair of leather shoes when I already have half a dozen of them at home. I have worked for the past 18 years plus. Half a dozen leather shoes simply meant one shoe every 3 years. Seems normal… right? Take care everyone.
written on 22Jan 2017
Next suggested article:   81% Malaysians are confident with retirement via investing

**In Article Advertisements Banner

0 Responses

  1. Your 4 year-old told you that she will care for you when you are old?
    Haha… Don’t bank on it! We would be happy that they don’t ask us for more despite working. I heard of grown-ups asking retired parents for loans or ‘an advance’ which will never be repaid for things like a car, reno, down payment for a house and whatever. They thought that it is parental responsibility to look after them forever. When asked to return the loan, these grown ups will alway say, when they are better they will do it. But it seems the parents are always their last priority in repayment.
    Those who took money from their retired parents ought to be ashamed of themselves if they are working. Society must make it an unacceptable thing to borrow from their retired parents without collateral. Mostly they take advantage of their parents’ kindness esp without a usury.

    1. Haha. Oklah, have to see in future what happens. I think some family ties are still strong but of course it’s getting tougher these days.

  2. I watched the ad before, and I simply like the message, not about the old folks boasting about their children’s success, but whether the children are with them or not.
    My colleague always shared, she won’t expect the children to take care of her financially, as long they don’t come back to borrow money and able to make their ends meet. She will take care of her own financially which I think is very true, especially with the ever increasing living cost. So we have to plan earlier.
    I only have two pairs of leather shoes after 11yrs working… =p

Leave a Reply

Subscribe to Blog via Email

Few seconds to subscribe for FREE and get property investment tips, latest financial and property news and more.

Join 2,882 other subscribers.
Motion arrow towards right
Facebook
Twitter
LinkedIn
Motion arrow towards right
Charles Tan The Founder The Writer Kopiandproperty
Charles Tan

Charles is Founder of kopiandproperty.com He writes from his investment experience for the the past 20 years in investments including property, stock, unit trust and more as well as readings and conversations with many property gurus in the industry. kopiandproperty.com is an independent property blog which is not affiliated to any media company, property developer or even real estate agencies.

Advertisements

Advertisement Banner

Facebook Comment

Table of Contents

Most Recent Posts

Discover more from kopiandproperty.com

Subscribe now to keep reading and get access to the full archive.

Continue reading

join the family

Like us for daily investment news and more

Hit the like