Saturday, May 05, 2012

Resigning at 48

A cool and highly experienced senior technician who was supposed to be transfered to Basra to support our Iraq operation next month or so made a bold decision. He tendered resignation to everybody's surprise.

Resignation is for the brave and bold only. Making a decision to resign is not a cup of tea. Especially resigning from a well-paid job. Or from an established and reputable company, like this company. Many I met said they had to think over and over and over again before coming to a decision to quit. Quit checklist so lenghty. WHo will pay the bills? All sorts of bills -- water, eletricity, gas, ASTRO, Celcom broadband, cukai pintu, manitenance fees if you are staying in condominium. All sorts of monthly committments -- house rent, home 1 installment, home 2 installment, car 1 installment, car 2 installment, children school fees, childrens pocket money, airtime reloads for all the mobiles you and kids have. School bus fares, petrol money for car 1, petrol money for car 2, money for old mother back home, maid salary. Eat-out expenses, yes once in a while kids and their mom crave for some kinda western meals at McD or KFC or pizza hut. All those are not cheap and are in different league as nasi lemak or mee kolok. They cost a bomb for a penniless. Being used to travel on now-everyone-can-fly airline, you need to continue the tradition. Sedekah to masjid, haji, umrah. All those activities need to be revisited once you resign from the company.

You see that the quit checklist is pretty long, thats why I said tendering resignation notice is for the bold only.  It is certainly a collective decision, should be supported by a spouse, more so if you are the sole breadwinner in the family. In this organization where there is no pension scheme, only KWSP savings is your goldmine, quitting anytime makes no difference. Quitting means you simply lose income from the company you are quitting from.  But quitting closer to retirement age has an advantage. You can withdraw from KWSP to do things you want to do and enjoy doing it. 

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