I know this is a very controversial topic to discuss. Recently The Star has published an article of parents being abandoned by their children and families in the hospitals and old folks homes. And since then, there have been a lot of debates almost daily from both sides of the fence. Some said that children should care for their parents when they grow old while some said that parents should not burden their children as they themselves are already finding it hard to survive with their own families. The ones affected mostly are those from the middle and low-income groups.
Well, I am not here to take any sides but rather to share on how I am personally going to handle this delicate issue. I am also a parent to 2 great teenagers (hoping for a third child if God agrees with me ) and it is just a matter of time before I will also have to face this same dilemma as everyone else if I do not take steps right now to overcome it in the future.
To me it is very straightforward, I did not bring my children into this world as an old age insurance. Neither did they ask to be born into this world. I love my children and that is why I brought them into this world. And my love for them is unconditional, meaning that as long as I am alive, I will continue to ensure that I will care and support them regardless of whether they take care of me or not. In fact, I’ve always told my daughter, Amanda that she and Amos will always be my little babies no matter what. In my old age, I want to continue be an asset to them and not a liability or a burden.
To say is simple. If it is so easy, why is society still having this social problems today? I personally think that it is all due to the lack of planning when one is still young. Moreover Asians always believe in filial piety. Now, I am not disputing that we should not practice filial piety but rather we just have to move on with time. We are now living in the 21st century where there are a lot of opportunities for us to grab and do something about our future. Time does not stay still, we have to move along with it.
So how am I going to ensure that I can still contribute to my children and not being a burden to them when I gets old? Well, to start off, I will have to ensure that I have got my medical insurance to begin with which will cover me to at least 75 to 80 years old. The same goes for my spouse. At least we will be covered and not burdened with huge medical expenses. And to ensure that we can continue to pay for the insurance premium as well as to manage our own expenses, we need a business that can continue to generate income for us with the least effort. Preferably a business that could create passive income.
And with that, it brings us to the topic that is the most passionate and closest to my heart….Internet Business! Currently, I have been a full time internet entrepreneur for about 9 years and almost all of my entire income is derived passively. Yes, you’ve heard it correctly….PASSIVELY from the internet. No doubt, it is tough to be successful in an internet business, but that does not mean that it could not be achieved. Anyway, good things do not come easy in this world. It requires commitment, effort and time to build and nurture the business. However, once it has been established, it will just grow on its own, autopilot to be precise. And this is the kind of business that I feel that our society should start to seriously look into it.
OK, I know I am already deviating away from the original topic. So I will leave the benefits of running an internet business for some other days. What I wanted to share is that with an internet business, I can continue to be able to support my children even at my ripe old age and not having to be a burden to them as I could even help them financially when they’re in need.
So in short, my belief is that children should practice filial piety but at the same time parents should also have a responsibility to ensure that they will not be a burden to their children and take them for granted.