For most people, financial freedom can only be achieved after a few decades of ploughing hard at a job. If the expenses are controlled well and the remainder is invested prudently during the working years, one could possibly look forward to a golden retirement.

However, the foundation upon which wealth is built for most is still a job; a good job. Our quarter-retirement was only possible because we worked hard at jobs that paid us decently well the moment we graduated. And most entrepreneurs started out as employees in companies too, only venturing out after gaining valuable experience and of course, savings.

Therefore, it’s been quite alarming to read that retrenchments are on the rise in Singapore, and judging by articles like this, many of us should be duly worried. I am hoping that companies lay off Singaporeans last and if new jobs are being created, Singaporeans would be …