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Wednesday, August 19, 2009
3 things i learn during my macroecons lecture ytd:
1. do NOT keep ur hard earned money in ur fav posb acct cus it's interest is only like 0.25% which will be offest by the inflation rate every year. S'pore's inflation rate is abt 6.5% hence putting $ in is like losing $ every yr cus it's value drops annually. Hence it's a CRIME to do so.
2. so in this case what shld you do with ur money earned?? SPEND IT!
3.when u go for job interview nxt time, pls specify that ur pay earned would be the value of your qualification PLUS taking into acct the effect of inflation. so pls ensure tt your annual rise in pay must be at least 6.5% in order to cover inflation rate.
LOL.
my lecturer has dry humour.
hahas.
off to do jap.
still no news of my wallet.
T_T
1. do NOT keep ur hard earned money in ur fav posb acct cus it's interest is only like 0.25% which will be offest by the inflation rate every year. S'pore's inflation rate is abt 6.5% hence putting $ in is like losing $ every yr cus it's value drops annually. Hence it's a CRIME to do so.
2. so in this case what shld you do with ur money earned?? SPEND IT!
3.when u go for job interview nxt time, pls specify that ur pay earned would be the value of your qualification PLUS taking into acct the effect of inflation. so pls ensure tt your annual rise in pay must be at least 6.5% in order to cover inflation rate.
LOL.
my lecturer has dry humour.
hahas.
off to do jap.
still no news of my wallet.
T_T