Everywhere you go now. You would definitely hear a lot of talks about how bad the Malaysian Economic would be after Chinese New Year. Businesses that has relation to CNY when business blooms are facing a major decrease. Businesses like furniture and apparel. But the question is does any of this thing would affect us the youngsters whom are in college?
As we know we are surviving on a few methods of income:
- Allowance from parents.
- Part time jobs.
- Doing small businesses online or outside.
- Scholarships and sponsorships.
- Some are just plain outsmarting the system.
Well does any of this kinda stuff gonna affect us if the economic fall? Parents whom are able to give their kids allowance would definitely would not cut it down by a lot. Yes, if they do we still have part time jobs waiting for us.
At this moment, would what the economic is showing signs of a breaking stopping you from buying that new shoe from Nike? or that new Nokia N79 or iPhone? Maybe that K&N air filter you have been saving up for? How about having another pint when your chilling out with your friends at a pub or a lounge? Well I guess not. Well that is for us Generation X and Generation Y. So we are kinda recession proof.
You may ask the economic people won't hire part timers to cut cost. But whom are willing to stand in a mall for 8 hours a day for a mere RM 3.80? or making coffee for RM 4.50 an hour for at least 6 hours a day? We youth would, I bet the others won't.
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Bankruptcy has been a common news on the pages of the newspapers. The Lehman Brothers would be the first major victim that caught the attention of the world. Then latest, Yahoo! Co-Founder, Terry Semel, stepping down; Citibank is planning for sale after having a meeting. Porsche has bought up 50% share in Volkswagon. GM, Ford, Chrysler are having problem and seeking help from the the States government and threatens if they do not get them, they would go bust and several hundreds of thousands of people losing their job.
Have you guy's ever wondered why the States government never saved the Lehmen Brothers but instead save AIG? Find out about this it would be rather interesting what AIG does in their international business.
Oh yeah, to those car owners who still have GReddy/TRUST stickers on their car, it is time to remove them. They filed for bankruptcy in September. If you do have GReddy or TRUST parts in your car treasure them. But to those with only stickers, TEAR THEM OFF! (refer)
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This is something most people would have known, so what am I trying to say? I say it is time for the Generation X and Generation Y to plan their financial status and how to save for rainy days. The rainy days are coming. But are we bothered about it? NAH!! I am still on route to owning a DSi. But we better be ready when we seriously join the working force cause everything comes in a very beautiful circle.
1 comments:
DSi as in nintendo DSi??? O.o Neway, i dono tht so many companies were in crisis lolx....till i read ur blog :P
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