Another useful mental model to adopt is that in many areas of our lives, there is a phase where set-up occurs and there is another phase where correction needs to take place.

As an Asian society that values of conscientiousness, we have a tendency to over-emphasise the set-up but we have a tendency to under-emphasise the correction phase.

Sadly, the correction phase is becoming more important in our society.

  1. a) Education

Generation X will be the last generation where you can focus on getting your first degree right and  the pay-off throughout your career would be assured. To thrive in the current working world, getting a degree will, at most, land you a great job with a good company for about 3-4 years. Beyond that stage, your human capital will decline even if you are gainfully employed because you will be spending your working hours developing skills specific …