First of all, sorry for the very very long hiatus. Well, couldn’t really sit down and write about what had happened much since the funeral. No time. No mood. Had been busy coping with a lot of new roles and responsibilities - responsibilities that once were not mine and never thought would be mine.
Guess it is true. No pain no gain. In such short period I have learned a lot of valuable lessons about this life and how the world really works. And maybe this short post can become a summary of things that I found out and hopefully will benefit others in the future.
Issue 1. Don’t underestimate the power of money.
I know money is not everything. But a lot of things involve you paying a lot of these papers. Ranging from funeral, food, commitments, debts and etc. The list can appear to be short but when it goes to details, it can be a serious domestic affair. And of course, it involves a lot of choices, choices which I sincerely hope that other people would not have to make but being the eldest son means you have more say than the wife of the deceased. Things would not get any easier after that. All old debts and receipts will be revealed, and out of a sudden, the upcoming generation is going to have to take it all.
Solution 1 - INSURANCE.
As much as I have despise the idea of so many insurance policy, this is a MUST. A MUST HAVE FOR A 21ST CENTURY WORKING CLASS CITIZENS. When things happen, you will have extra leverage, extra cash, and you will be very thankful that you are holding more cash than what you had. However, choose wisely what kind of insurance that you are going to buy. Had you leave enough? Do not think that death will not choose you, things happen everyday, everywhere.
Solution 2 - MRTA/car insurance/credit card insurance
You might suffer a bit more when you purchase these properties, but it will ensure that if something happen to you, all cost are covered. Your future generation might not have as much earning power as you, so it is wise to be prepared. Instead of leaving down debts, you will leave down things that can help them survive in the coming years.
Solution 3 - TRANSPARENCY
Share your accounts status with your close ones. Well, I guess the only close one here is always wife. Or mother if you trusted her better. Because when something happens, accounts can be accessed by close ones, instead of going thru the tedious application and process of informing banks and etc. This will definitely save a lot of trouble.
Issue 2. NEVER PLAY WITH CREDIT CARD / LOANS
Banks are the biggest loan shark.
If you think that all these minor debts can be discarded by banks then you are wrong. Each cents will be calculate including all interests and if family members failed to pay up all these debits, properties will be frozen, resulting in LELONG. And of course, you are prepared to lose A LOT OF MONEY from all these.
Solution 1 - PLANNING, PLANNING AND PLANNING.
Calculate and calculate and recalculate. There is no one who are free from any loans at this time. Study loans, house loans, hire purchases, personal loans. I am not saying that these are the evils but rather that these are the means and it is up to us to plan and make smart choices, converting bad loans to good loans.
Solution 2 - AGAIN.. INSURANCE
Can’t stress this enough but seriously, buy according to what you think is best.
Issue 3 - DONT GET TOO CONFIDENT
Live life like there is not gonna be tomorrow. Of course, a responsibility of a single man and a married man with children is different. This actually make me think of why bother to even have children. But anyway, ‘accidents’ happen and when responsibilities swell up, you gotta plan harder!
And of course, take care of the health. Don’t be too afraid to get a doctor/go to the hospital. Eat healthy. Prevention is better than cure.
Hope that this will be a reminder to myself and a lot of other people one day later. I will definitely read this again when I turn 35. Haha.
Selamat Hari Raya.