- FOMO including brank envy
- burn rate stress esp. the dreaded job-loss
jolt: FSM dividend has never delivered the de-stressor as /envisioned/. In contrast, my GRR has produced /substantial/ nonwork income, but still insufficient to /disarm/ the threat of PIP !
In my experience, Job-loss stressor is indeed alleviated by this income or the promise thereof 🙂
Excluding the unlucky (broken, sick,,) families, I feel
most “ordinary” people’s stress primarily come from burn rate i.e. making ends meet, including job-loss fear. I feel the middle class families around me could survive at a much lower theoretical burn rate of SGD 3.5-4.5k (or USD 6k perhaps… no 1st-hand experience) but they choose the rat race of keeping up with the Jones’s (FOMO). Therefore, their burn rate becomes 10k. See also SG: bare-bones ffree=realistic #WBank^wife^Che^3k and covid19$$handout reflect`Realistic burn rate
For some, FOMO takes them to the next level — bench-marking against the high-flyers.
— jolt: PIP^job-loss fear
For the middle class, any burn rate exceeding 3k is a real (albeit subconscious) stressor because the working adults now need to keep a job and build up a job-loss contingency reserve. Remember Davis Wei….3-month is tough for him? How about 30 years?
With a full time job, salaried workers experience a full spectrum of stressors including PIP. PIP would be impotent/toothless if the job is like a hobby. I would say very few people have such a job.
Aha .. Contract career is free of PIP.
For me, job loss is a lighter stressor than PIP fear. In fact, I don’t worry about end of contract and bench time. I worry more about humiliating bonus.
I’d rather lose a job than receiving a token bonus on PIP.
Most people assume that my PIP fear was fundamentally related to cashflow worry, but I am confident about job hunting. So my PIP fear is all about ego and unrelated to cashflow.