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Let's say you're in your late 40s, degree holder, management role, still have 2 schooling kids, sole bread winner for the family. One fine day kanna retrenched. Still need to put food on the table, drive Grab / Taxi to make ends meet. I know that the usual response to the above is that by 40s, he should have set aside a sum of money for such situations and he should also be able to tap on his network of work contacts to secure another role. Let's assume that this person took time to develop a tradesman skill a few years back (cooking, electrician, plumber, hair dressing etc), will it put him in a better situation to start a small business on his own to earn a livelihood? In Singapore, assuming you're a rank and file office goon, once you are asked to leave during your late 40s or 50s, the chances of you getting a similar role back is close to nil anyway.
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