Personal Finance
A Personal Reflection on Covid-19
By SG Financial Independent Dad  •  October 5, 2020
I recently read a couple of articles/posts here and here detailing how some high income earners have been badly hit by Covid-19 and the subsequent retrenchment/organisational restructuring. My well wishes goes out to those who were interviewed in the TODAY article as well as anyone who maybe facing the crunch now during this pandemic. It is unfortunate that the aviation and travel industry are so badly hit during a black swan event, such as Covid-19. Travel restrictions have really put a dent in demand with SIA even having more than 80% of its fleet in idle at one point of time. When the demand for one's skills/expertise is reduced, it is inevitable that the organisation/business will have to restructure in order to stay viable. This situation has really put into perspective the importance of having an emergency fund and keeping expenses manageable. One of the pilots that TODAY interviewed was earning above...
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By SG Financial Independent Dad
Hi there! I am Ng! I am 28 this year and aim to build up my portfolio. My motivation as a young dad in Singapore is to provide a better life for my family while planning for retirement.
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