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Earlier quoted context omitted.
This is actually great to hear. Now why doesn't the US, sigh.
US has reasonably good system IMHO just a little bit expensive.
"Living expenses" is not just food. What about rent, utilities, taxes, health, debts?
~30% of my post-tax take-home goes to rent, which is pretty typical in the US. If I didn't have to pay that, I'm sure I could save a bunch more!
The supermarket is fresh out of hard tofu...
I am from Hong Kong, the article appears to be a spam/fake article: http://finance.sina.com.hk/news/-3-5652018/1.html (Chinese)
I actually like his categories: 1. Living expenses - 30% 2. Networking - 20% 3. Education - 15% 4. Travel - 10% 5. Savings - 25% But his living expenses category seems to exclude housing costs - is there some cultural peculiarity that accounts for that?
Probably the fact its somewhat expected for asian youths to live at home with their parents until they are well established
I am from Hong Kong, the article appears to be a spam/fake article: http://finance.sina.com.hk/news/-3-5652018/1.html (Chinese)
This current resurgence is probably linked to an English translation being posted on e27 in the past 24 hours, before being subsequently picked up by TRS: http://mirror.e27.co/li-ka-shing-teaches-buy-car-house-5-yea...
Just a note that The Real Singapore is not representative of Singapore's media scene.. while it is not quite an equivalent of The Onion, it is also not the first news source for most locals. I am quite embarrassed to see it linked to on HN.
So: 1. don't be unemployed or under-employed (he clearly says it is your fault if so) 2. don't get sick, not mentioned anywhere what happens then, does HK have universal healthcare? This sounds a bit like McDonald's financial advice to their employees http://www.nbcnews.com/business/personal-finance/mcdonalds-f... btw, this guy made his money by buying cheap real-estate and got lucky when prices went up: http://en.wi…
His nickname in Hong Kong is "Superman" so everybody trusted him. During the first dot.com he jumped on board the IPO wagon resulting in mom and pop investors getting absolutely fleeced. I think after that episode people began to see him truly for what he is: just another rich guy playing the politicians to extend his empire, built mostly on property.
Another tidbit. His younger son, Richard Lee, promoted himself as a tech guru having graduated from Stanford studying computer science (it said so on the IPO prospectus). Journalists later discover that in fact he had attended but dropped out of Stanford, and instead went to Canada to work at his dad's financial firm, before returning to Hong Kong to help run the family business.
This is hilarious. I wish people in western media would say things like this more often.