Posts Tagged ‘nest egg’

While many of you are enjoying low prices at the fuel pumps and planning this summer’s road trip many others are experiencing something totally different.

Five years ago, while living in California, I remember filling up my car and seeing the final price at the pump. I was like, “Dang!” Didn’t care who was listening. I just thought it was so expensive. I would go inside the station to pay and when it was my turn at the cashier’s counter I would say,”Hi! I’m here to complain about the gas prices.” The young clerk would just chuckle. Almost as if to say,”Get in line.” Um, which I already was.

Fast forward to 2015-2016. We are now surrounded by people that make their living in the oil and gas world. We, ourselves, are a part of this world. That’s what brought us to Malaysia.

People are losing their jobs and the numbers are rising rapidly. Here and back home. Normally, I would read about layoffs in the paper or hear about the cuts on the news. Now I just hear it from my friends. Or from my neighbors. Because it’s happening to them real time.

Any neighborhood I have ever lived in was filled with folks of varied occupations. But here many of my neighbors, friends and associates are connected to the oil and gas business.

A lot of people are leaving. Or preparing to leave. And it’s a very strange feeling. Almost every person I know can name a bunch of people they know that have left or will soon leave.

Expat communities can have that small family feel. You sort of know everyone because we are all just temporary guests here and the result is a lot of bonding. 

So the anxiety in the air is almost palpable. People trying to figure out their next step, trying to find employment and preparing for a move. A lot of times they don’t have a ton of time to leave the country once the work permit is canceled.

Moving in the expatriate world is not at all unusual. People move all the time. Finish up a three year contract and happily move on to the next posting. Usually lots of moves take place at beginning of summer (end of school year) and then during the Christmas school break.

What is unusual is that people are moving in February, March and April. There wont be the usual flurry of good bye parties that run rampant in June or December when folks move on to their next assignment.

In many cases there is no new assignment. There might not be time to stick around for the school year to finish. There might just be enough time to pack up and that’s it.

It effects everyone. Small groceries here that are frequented by the expats. Restaurants. Hair salons. Local doctor’s office. Schools. And on and on….

Is there any good in this? I’m not sure.

But I do know that it causes everyone to take stock.

It’s always a good thing to think about and have a Plan B. And to save for a rainy day. Have a nest egg. To ask, “What happens if?” To consider your needs versus wants. To be ready to move. Clear out the closets. Tackle the unfinished projects.

 

 

 

 

 

 

 

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