[Post 178] She quit her job at 30 to be a lor mee hawker - and fulfil her mum's dream | CNA

Summary

At the age of 30, Jaycee Du quit her public service job, took a 70 per cent pay cut and joined her brothers in the family’s lor mee hawker business, all in a bid to fulfil their mum's dream of expanding her stall. 

[Post 177] The Great Fall Of China's Housing Market: Who Will Pay The Price? | Insight | China Mortgage Boycott

Summary

In July, thousands of Chinese homebuyers threatened to boycott mortgage payments. Since the Evergrande Crisis, other cash-strapped developers have halted construction, leaving millions in limbo.

Over speculation left Chinese property market in jeopardy. Meanwhile, desperate homebuyers have moved into their unfinished apartments, making do without electricity and water. With echoes of the 2008 US subprime mortgage financial crisis, people around the world are closely watching how this crisis in China will unfold.

What is behind China's mortgage crisis?

[Post 176] China Millennials’ Mortgage Boycott: Why The Property Crisis Should Worry You | CNA

Summary

In 2022, Chinese millennial homebuyers took to the streets and social media to wage a boycott on mortgage payments, as their homes stood unfinished with financially-distressed developers unable to complete them.

Real estate and its related industries make up a hefty one-third of China’s economy. So, as #CNAInsight’s Wei Du explains, any property crisis would ripple out into the world - with reduced imports of steel and timber from countries like Australia and Indonesia, for instance. 

At the same time, the government’s moves to temper property prices have led to a decline in home values. It could mean that affluent citizens feeling the pinch would pull back on luxury spending and travel - a blow for countries counting on Chinese tourism.

[Post 175] Woman in Tokyo lives off power grid by generating own electricity | CNA

Summary

As the world grapples with the rising cost of power, one woman in Japan is unfazed by the global energy crisis. 62-year-old Chikako Fujii lives completely off the grid by generating her own electricity with four solar panels installed on the balcony of her apartment. They produce enough to power her few electrical appliances and light up her house at night. On a hot day, she just leaves whatever food she wants to cook in pots on her balcony for a few hours.

[Post 174] Ninja Van: He quit banking to build Southeast Asia’s next big thing | Make It International

Summary

Chang Wen Lai’s express delivery service, Ninja Van, is tipped to be one of Southeast Asia’s next $1 billion unicorns. CNBC Make It’s Karen Gilchrist met the 32-year-old CEO in Singapore to hear about his bold bet to go from trading floor to entrepreneur.  

[Post 173] Why is Singapore so rich? | CNBC Explains

Summary

Singapore is a tiny country, but it's managed to become an Asian economic hub. CNBC's Xin En Lee explains how the country went from third world to first world.

[Post 172] How I Retired Early At 49 With $1.3 Million In Ohio | CNBC Make IT

Summary

Jackie Cummings Koski lives in southwestern Ohio and achieved FIRE at 49 years old with $1.3 million. Koski worked at LexisNexis for 20 years earning an $80,000 salary, and reached $1,000,000 in net worth when she was 46. As a single Black mother, Koski says she tried to fight the wealth gap narrative at every turn because she knew no one could help her if she failed. She represents a population rarely thought of when it comes to financial independence and was thrilled to retire early in 2019.

[Post 171] I Make $100K Walking Your Dog In NYC | On The Job

Summary

Ryan Stewart is dog walker who makes $100,000 a year in NYC. He works around 6 hours a day, 6 days a week. After working with dogs for over 20 years, Ryan believes that he has become a member of a dog pack.

[Post 170] Why China's Gen Zs And Millennials Are ‘Quiet Quitting’: The ‘Bai Lan’ Movement | CNA

Summary

This is a short summary regarding the previous "Bai Lan" video

“If my boss asks me to do something, I’ll ask if I can do it tomorrow, or if someone else can do it." That's Chinese youths' ‘bai lan’ mantra of not even trying.

[Post 169] The Rise Of "Quiet Quitting"

Summary

"Quiet quitting" is having a moment. The trend of employees choosing to not go above and beyond their jobs in ways that include refusing to answer emails during evenings or weekends, or skipping extra assignments that fall outside their core duties, is catching on, especially among Gen Zers.

Zaid Khan, 24, an engineer from New York, popularized this trend with his viral Tiktok video in July.

"You are still performing your duties, but you are no longer subscribing to the hustle culture mentally that work has to be our life," Khan says in his video. "The reality is, it's not, and your worth as a person is not defined by your labor."

In the U.S., quiet quitting could also be a backlash to so-called hustle culture — the 24/7 startup grind popularized by figures like Gary Vaynerchuk and others.

"Quiet quitting is an antidote to hustle culture," said Nadia De Ala, founder of Real You Leadership, who "quietly quit" her job about five years ago. "It is almost direct resistance and disruption of hustle culture. And I think it's exciting that more people are doing it."

Last year, the Great Resignation dominated the economic news cycle. Now, during the second half of 2022, it's the quiet quitting trend that's gaining momentum at a time when the rate of U.S. productivity is raising some concern. Data on U.S. worker productivity posted its biggest annual drop in the second quarter.

So, why is this trend on the rise? Watch the video above to learn whether quiet quitting is hurting the U.S. economy and how it's being seen as part of the Great Resignation narrative

[Post 167] I Work 3.5 Days A Week & Make $189,000 A Year | On The Side

Summary

Josh Ellwood, 28, quit his engineering job in 2021 to pursue his side hustles full-time. He realized that if he continued to advance in his traditional career, more of his personal time would be taken away from him. In 2021, Ellwood made about $189,000 from seven streams of income. Now, he works 3.5 days a week, and has made about $167,000 just this year. He lives near Pittsburgh, Pennsylvania with his wife and dog.

[Post 164] The food foot way: John Lui's on-foot food delivery challenge | The Strait Times

Summary

Foodpanda is recruiting more people to deliver food on foot. Over a hot and sweaty afternoon, John Lui sees how easy – or difficult – it is to deliver under his own steam.