Personal Finance Money Tips - Latest Comments in Are you part of the NEET Generation?

Re: Are you part of the NEET Generation?

KCLau — Tue, 11 Nov 2008 10:17:35 -0000

Fathersez, I'm sure you children are well educated, not only
academically, but also in financial matters.

Re: Are you part of the NEET Generation?

fathersez — Tue, 11 Nov 2008 07:09:23 -0000

Hope none of my children ever become NEETs. We recognize that it may not be too easy to get a job these days. But after a while some part time work, even at McDonalds would be better than staying at home and thinking that they are too good for a RM2,000 salary.

My wife and I would probably start charging them rental and make them do jobs round the house. No way would we allow them to bum around and get an allowance too.

Re: Are you part of the NEET Generation?

Frank — Sat, 25 Oct 2008 10:24:15 -0000

Even i'm still studying but i agree what you said coz it is really true, so i plan to work and study.. Study for what, all only for cert...The main point is knowledge and experience....All study in coll or uni only get the theory...

Re: Are you part of the NEET Generation?

Sherin — Thu, 23 Oct 2008 12:01:44 -0000

Good one. Very informative.

Sherin
http://investinternals.blog...

Re: Are you part of the NEET Generation?

chau — Tue, 21 Oct 2008 17:33:21 -0000

Yes. I know of quite a number. People choose to be NEET or FREETER for different reasons, but most do it because they CAN. There's a comfortable roof over the head and the family is reasonably well off, so there's no dire need to get a job to provide for themselves. If their family is living hand-to-mouth, they'll get off their butt and work in a coffeeshop, if thats the only option.

I think the mere existence of of this is a good and bad sign. Good since it reflects growing affluence and sense of financial security. Bad because people are getting lazy and this doesn't bode well for the individual and also society.

Re: Are you part of the NEET Generation?

Relax — Tue, 21 Oct 2008 07:12:48 -0000

I have to mention that I get free food, roof over my head, and transportation (plus a bit of pocket money) from my parents. I can go on and on for many months.

I hope I won't be a Freeter for long. I want to spread my wings and fly. It is not nice to be the burden of my parents for too long :)

Re: Are you part of the NEET Generation?

Relax — Tue, 21 Oct 2008 07:07:07 -0000

Interesting.... NEET sounds like a cool word. I think most fresh graduates are sorta like NEET.

I think I am a NEET. I just graduated and I haven't got a job yet. Although my income is nil, but my time resource is full! (people forget that besides money, time is also important when comes to personal finance).

With quite some time in my hands, I choose to take this opportunity to invest in myself. I buy a lot of books to read to improve myself. Most of the books are related to personal finance (those Azizi Ali stuffs). I also keep myself healthy by exercising often. Maybe I will learn new skills like singing, which might come handy if I want to look for side income in the future after I get a job. I think for now the most important thing for me is to gain knowledge in personal finance. Learning about personal finance is the best investment that I have ever made.

I have saved quite some money in the past so my reserve fund is enough to keep me going without paycheck for months. I am not worried for now. Some of the extra cash will be invested in unit trust fund.

I try to learn about property investment. I might have the knowhow to buy properties once I start to work. I think I will get a job plus a side income so that I can escape the rat race as soon as possible, no matter how badly I am paid. 2500 RM per month is a reasonable salary but 1500 RM will be insulting for my qualification.

For now, life is sunny and being a NEET is not a bad thing. :)

I think NEET is bad when people do not care about their financial future. Once the cheese is "moved" away, they will be in serious trouble.