Transcript 投影片 1

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Speaker ﹕ Ven Zu Ren
Date
: Dec 2006
Organizer:
Ven Zu Ren’s short Biodata
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He has a Ngee Ann Polytechnic (Singapore) Electronic
Engineering Diploma （1988）Graduate. 1991-1992,
He was a Thai Thammayuttika Tradition monk at Wat
Bovoranives Vihara, Bangkok, Thailand. 1993-2000,
He studied Buddhism in Chinese at Fu Yan Buddhist Institute
（福嚴佛學院）, Taiwan and completed Elementary and
Advanced Buddhist Studies Courses.
He has been teaching in Malaysia（Perlis, Kedah, Penang,
Terengganu, Kuala Lumpur, N. Sembilan and Johor）,
Singapore, Hong Kong, Taiwan, Beijing, China and U.S.A.
（New York City, New York State, New Jersey, Huston, Texas,
Sunnyvale, California ）
Reality check
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We have always assumed that each generation would be better off
than its predecessors. But young people today have a lot more
commitments and it is much more difficult for them to raise their
incomes and generate wealth. Therefore they are financially worse
off than their parents when they were the same age .
Their parents generation@30s
Ipod generation@30s
got married, bought a house/ flat/
apartment and a car.
Still single or childless, may have some
debts (student loans, wild spending ) may
not afford to buy a similar size house and
car
This is a very big issue ( New Poverty or “Ipod”
generation — “Insecure, Pressured, Over-taxed
and Debt-ridden” ) for the many countries
around the world.
The " New Poverty " / Marginalized Middle Class:
（1）the economic free-falling (without a parachute / safety net ) of
individuals and countries who used to be affluent and who once dreamed
that their affluence would go on forever.
（2）people who lose their jobs when their company "downsizes"
"shutdowns” or "outsource.”
（3）the sense of surprise （poverty can hit so suddenly）and loss of
faith in relationships, corporation and government.
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， Poverty” ?
Who are at risk of becoming “New
 People in their twenties to forties:
（1）with skills, knowledge and experience easily replaced by someone in
another part of the globe or new technology or new way of doing
things （Self Manufacture→ Original Equipment Manufacturer (OEM)
→Original Design Manufacturer (ODM) ）.
（2）with overspending habits, poor saving and making bad investment
decisions （FQ）, low EQ , low Social Intelligence/ people skill and
unable or unwilling to learn new skills/ make positive changes in life.
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High flyer: “ 3M's”— Mobility,
Multiplicity and Money.
Trapped and Lost Out：NEET
（Not in education, employment
or training ）, Freetens
（freelance）, Parasite Single
（stay with parents and spending
majority of earning on buying
things）
Mobility -live high life and work
Stay with parents or low cost
apartment
high pay jobs in a many different
cities around the world
Multiplicity-have multiple careers
and ventures (eg Yahoo, Google,
YouTube ), multitasking to earn
high pay , gain high status and
esteem.
Money-make big money, save and
invest, want to become
Millionaire before 40→Early
Retirement and Enjoy Life.
Jobless, or low paid temporary
/permanent job, work multi- low
paid jobs to make ends meet or
to overspending on expensive
gadgets / fashion.
make little money, no or poor
saving and invest, overspending
and possible of becoming credit
card company slave.
Ipod G go Buddha’s Way