Wolf Money(躺平 lying flat)

-


I was having lunch with my friend yesterday when he mentioned about the phrase. It has become such a big movement in China that Chinese government decided to ban the word 躺平 on internet for fear of young people giving up hope of working hard for the betterment of themselves and country.

Young people in China exhausted by a culture of hard work with seemingly little reward are highlighting the need for a lifestyle change by "lying flat".

There is a growing trend of social underclass among young adult. Young adult around the world especially those working in big cites are resign to their destiny even if they work hard for a zillion years, they can never afford the house and nice thing in life with money they earned. They have little wage left over at the end of the month after paying rent and daily expenses. The yellow umbrella movement in HK started by young people has the same sort of angst. A lot of young people can’t see a future. I am sympathetic with situation face by many young people in our society. The runaway property price and cost of living affect everyone but it affect young adult more which have no asset to start with. Coming from my personal experience. I have work through major financial milestones without any help from my parent. It was never easy but with a bit of luck, hardwork and working smart it can be achieved.  

Converting earned income into passive and portfolio income is essential as cost of living and property price always run ahead of wage growth. By planning early to be financially independent, it give one the head start in life. One need to acquire the necessary knowledges and understanding the rules of the money game. Knowledge is power. The journey is tough but well worth the effort. I want to send out a message of hope. Financial independence can be achieved with proactive planning. Now the question do you want to live a normal life by eating mixed vegetables rice everyday or do you want choices of having a nice restaurant meal without the moolah consideration?  Food for thought 

https://www.google.com.sg/amp/s/www.firstpost.com/world/explained-tang-ping-or-lying-flat-movement-initiated-by-chinese-youth-that-resists-increased-work-pressures-9747781.html/amp


Please follow us on telegram for the latest update on Lone Wolf investor by clicking on the link below 

https://t.me/joinchat/oCgkD3sQFRMzMWM1



Disclaimers 

All investments is highly speculative in nature and involves substantial risk of loss. We encourage our reader to invest very carefully. We also encourage reader to get personal advice from your professional investment advisor and to make independent investigations before acting on information that we publish. Much of our information is derived directly from information published by companies or submitted to governmental agencies on which we believe are reliable but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way whatsoever warrant or guarantee the success of any action you take in reliance on our statements. All information provided are for information only. Buyer beware,do you own due diligence.


Comments

Post a Comment

Popular posts from this blog

Wolf Money(Portfolio update for end April 2024)part 1

-
Image
  (Image credit The Star Media) (Swamp of people going into Shenzhen) Bye Singapore! Hi Malaysia, 2026 This write-up was inspired by a video posted on YouTube. The video talks about Hong Kong hollowing out by Shenzhen. The recent phenomenon of Hong Kongers going to Shenzhen to play, eat and stay is gathering pace with close to 2 millions making the crossing to Shenzhen during the recent Easter Holiday. That is close to 30% of the current HK population leaving for Shenzhen. With deflation taking root in China, things are much cheaper in Shenzhen. The poor economy in HK is another push factor with Hong Kongers trading down their consumption. One traveller from HK mentions his spending in the mainland only cost him 1/3 of the usual price he paid in Hong Kong. Hong Kongers are shopping at Sam’s Club in Shenzhen buying everything from groceries to electronics. The commentator interviewed restaurants and shop owners in HK, most experienced a 30% drop in sales during the holiday.  *The video
Read more

Wolf Money(The Demise of The Singapore Stock Market)

-
Image
  (Credit: Yahoo Finance; Last index high of 3900 in 2007, 16 years and counting. Lost decade of Singapore Market) I spent two nights thinking about this write up since it is a subject close to my heart. The passion and concern I had for our stock market are real. I hope SGX can see my commentary in a positive light. It is about solving problem that matters, no witch-hunting was intended. During my last monthly update. I am critical about SGX for not doing enough to promote the vibrancy of our stock market. After the blog, I have been getting more SGX senior executives looking at my LinkedIn profile. I hope people at SGX can see it as constructive criticism. I want to make my point of view clear before anyone get an impression that I am grinding my axe on our stock market. I love Singapore market, I am also a bull on Singaporean companies. How could I not love our stock market where I allocate most of my investment? The declining interest in our stock market did not happen overnight, i
Read more

Wolf Money(portfolio update for end Aug 2023) part 1

-
Image
  (Image credit : Netflix ; Lily Collins in Emily in Paris) (Personal photo : The iconic Arc de Triomphe) (Personal Photo: The street where wallet got murdered) Le Non-Dit Des Sociétés Cotées(The unspoken language of listed companies)*pardon me, google translate In the popular Netflix romcom drama, Emily in Paris, Lily Collins portrayed Emily Cooper, an American marketing executive sent by her US company to their subsidiary in Paris to give an American perspective to marketing. Without knowing a word of French or local culture, she embarked on a difficult journey of communicating with her colleagues and clients, in which it resulted in miscommunication and her being the butt of the joke. Emily assumed everyone in Paris could or wanted to communicate in English. She was forced to learn the language in class so as to communicate well with her colleagues and clients. It is important to understand the language of choice in the area one operates so as to be able to communicate effectively i
Read more