Recession Heroes Ep 5 - Resilience during tough times

This episode made me very inspired. I really admire the person who was featured in this story. At an old age of 59, he still doesn't give up. He worked for a bank for 16 years and was retrenched because the bank was not doing well. Wanted to find a similar job but other banks did not want to hire him because of his age and his expected salary was too high. The companies would rather hire someone younger who can except lower pay. This made me think that one day i would become old also and i may face this problem too. It is important to plan for financial freedom so that we'll not be burdened at an older age.

He had a lot of loans to pay. Car loans, housing loans became a burden to him. Before that, his salary was high and he could afford all these. I think this is a lesson we can learn. We may be able to have high standards of living now and can spend more but if you're retrenched, the expenses will soon chock up your life. You will need to adjust accordingly when crisis strikes. 

The thing i admire about this person is he continued to go out and find a job. Went to a career fair and he signed up for courses that enable him to switch industry so that his choices will be more. He took up a job as an operations manager to manage ATM machines at only 30% of his previous salary. When the company needed people for Auxiliary Police Officers (APO), his company sent him for Auxiliary Police Officer training for 2 months. The training was similar to a police officer training and most of them are young people. He was already 59 years old at that time. 

Now, he has got a better job with higher salary but he still goes back to his former company to work part time as an APO just because he wants to help. This is really an admirable spirit. Always learning and still hard working at his old age.

Watch this episode on xinmsn here.  

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Related Posts:

1. Recession Heroes Ep 4 - Got retrenched at a young age of 23 but still full of passion in life

2. Recession Heroes Ep 2 - Trader with 17 years of trading experience still lose money

3. Recession Heroes Ep 1 - Why people lose their money during crisis?