Tuesday, April 29, 2008

HISC5 of a typical middle class person

"HISC5" is a new term created by me, which describes the main things a middle class of my age is living for. These 8 basic elements that make up the life of the middle class are:

House - this is our shelter, our home, where our family live and rest. For most people, it is also one of the largest expenses they've spent in their lifetime. Middle class like us always strive to earn a better life, and our house can always reflect our living taste from this endeavour.

Insurance - this is a necessity nowadays, we just can't escape from it. When we own a car, auto insurance is compulsory before the car can go on road. When we mortgage our house, the bank always make fire insurance a must. When we work for a company, we are somehow insured as part of the benefit package, covering medical, hospitalization, accident, life, etc. And most middle class purchases some insurance products - medical card, whole life, investment linked, education, endowment, annuity, ... just to name a few.

Spouse - this is our lifetime partner which light up our lives. Lives would be somehow incomplete without the involvement of spouse. Your voyage shouldn't be alone without a companion.

Children - your offspring which grows your family tree, bring you joy, bring you fun, and sometimes bring you anger too. You nurture them, see them grow and develop. Together with your spouse, they make up what you call a family. And living together in your house, making a home sweet home.

Career - this is the successive course that make up your working life, enable you to contribute your skillsets, bring you remunerations, build your professionalism, develop your reputation, and so on.

Car - this is the piece of metal with roof, seats and wheels which enable you and your family to travel around, seek for foods, visit to places, and go to work. It shelters you from rain and sun, even protects you to certain extend in case accident happened. Your family lives would be much more fantastic with it, especially during your vacation.

Credit card - this plastic card is convenient, for you to pay bills online, act as deposit mechanism to check in hotels, substitute your cash to buy things, and earn you some points for reward redemption. When used with care, it also helps you to build up your credit integrity, useful when you apply for loan.

Cash - you need this current assets to maintain all the above, and you should make your cash work hard for you to grow more and counter inflation.

Your social status is pretty much measured by your "HISC5", but there is something much more important that forms the underlying foundation to all of them. Can you guess what is that? Yes, it is your health. The 8 elements above are basic that make up your life as middle class, and health is the essential element for all classes of mankind. Of course, there are other elements which are equally important as well, such as parents, brothers, sisters, neighbours, bloggers, relatives, friends, pets, etc.

Since these are the basic elements in our life voyage, you will notice that the sharings in my blog are encompassed with these "HISC5+health".


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