Our parents were young adults during Singapore’s boom time, and it was a pretty great time to be alive. Yes, they had their hardships, but they also had a lot going for them. The country developed at a crazy rapid pace from the 70s to the early 2000s. China was still relatively undeveloped, and our neighbours weren’t as competitive yet. Bonuses were huge and fat. And property prices grew at rates that would put the STI-ETF to shame. Which is exactly why some of their advice will be outdated today. Let’s look at some of them.

Stay in One Job for as Long as You Can

Back in the day, it was normal to stay in a job for five, ten, twenty years even. The culture then was to keep employees for as long as possible. People only got laid-off when they fcked up big time, or when the company fcked up big time....