The End of Kim Keat Hokkien Mee Man

Just a couple of weeks ago, after reading food highlights from the well known doctor cum foodie Dr Leslie Tay on his older blog posts which I subscribed to, I head down to Blk 92 Toa Payoh Lorong 4 to taste the famous Kim Keat Claypot Hokkien Mee, I received more information from the internet that the uncle has passed away and too much speculation about what has happened to him. It is rather sad to hear that as this man was an ex-convict who turned his life around. Sometimes you like think and life is rather fragile so I ended up taking notes down on an emotional night to think a little more about what I can do going forward so that I can constantly remind myself not to take things for granted.



Though he may be gone but his skills has most likely been passed down to several other chefs which I saw them cooking and preparing for while he was rather busy with something else a few weeks down. The kind of uncertainty and unpredictable things that happens to us is rather unsettling at times and I just find that there is never a "best" time or a "suitable" time to do things. I view that as a form of excuse. Just imagine the uncle is the founder and key person to keep this huge hokkien mee conglomerate going, now that he is gone the whole company is most likely to be in a mess. Business will be affected for sure and his family is bound to suffer some form of stress from trying to sort out his stuff while the transition in passing down the leadership takes place.

The financial world terms this as a key-man insurance. It is like an insurance coverage for a main person in the company who is important to lead the company to succeed in their mission. Usually this is also used as a form of staff retention cum staff benefit and in the form of protection for both his/her family and also for the company. In instances such as this sudden death, the insurance payout is usually quite substantial and it can be used to tide the business in the form of transition, insurance against future earnings and also be used by the company to hire/employ someone who can take over the current role over a period of time.

To relate back to every individual, why are we not as important as any key man? We are important to our family and we are the key man to the family as well. The insurance world covers individuals in against future earnings through disability income when disaster strikes us and makes us unable to work for an income and covers us when death occurs prematurely. I can't really tell how long I will live and neither can I say I will be healthy forever. The probability that something hits us increases as the years goes by so while we are still young never say never and don't take it for granted because once it happens you can never say "I should have" anymore.


Sources: Internet

Enough of the Trump winning factor, enough of Brexit from the European Union. We need to get back to basics and understand what are the little steps we need to take so that 30 years later, we will not live to regret it. At the very least, we get to control how we want to deal with our own finances and planning. Six months from here, our literacy of finance becomes slightly better and one year from here we can say that we begin early. Five years down the road, we would have gathered enough information to make more informed decisions and it would be great to have a view about certain events when things happen.

Wealth Planning is for all ages, all folks who just started young and old, wealthy or not wealthy. As what Thomas Jefferson said "All men are created equal" so all of us have the privileged to be treated the same.


Sources: Internet