After reading several sad stories about the credit crunch in the US, I started to reflect about the time when I went through the unemployment depression during the last 2 recessions. Yes I was unfortunate enough to go without a job during two recessions in our hometown.
You see, I had graduated during the year 1999 when Singapore was just slipping into a recession and had to complete with other gradates in the tight labour market for a job. It was around that time when the dot com bubble started forming in the economy and that was how I had managed to get a contract job with a well known IT company. I stuck with the IT firm for about a year and half until they started to freeze their headcount and could not longer renew my contract. And alas! I was back in the wild looking for another job again. Just a week after that, the Sept 11 terrorist attacks shock the world and rocked the job market in our already volatile economy. It took another 4 long months before I found another job to replenish my depleting bank account.
The miserable days of unemployment has taught me the importance of saving and to be very very cautious about saving and spending. The latest happenings in the US markets gave birth to a new idea for this blog and that's what this site is all about.
I thought it would be great if I could start a forum about saving, spending and investing and share ideas with people in the blogging community. My current heros in the finance world are Robert Kiyosaki, Adam Khoo and Donald Triump. Let's see how this site takes off...
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