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 Poorman and richman chart. come and see.

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ReWeR
post May 19 2010, 05:08 PM

Foreveralone
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From: KL
QUOTE(Syd G @ May 19 2010, 04:26 PM)
Read 'The Millionaire Next Door' by Thomas Stanley.

Of course the rich gets richer and the poor gets poorer.

The rich keep on doing things that made them rich. The poor keep on doing things that made them poor (like buying cars and house they cant afford rolleyes.gif)
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so u suggest ppl dun buy house? rclxub.gif
ReWeR
post May 19 2010, 05:30 PM

Foreveralone
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Senior Member
1,715 posts

Joined: Sep 2004
From: KL
QUOTE(Syd G @ May 19 2010, 05:08 PM)
If you cant afford it, no.

If you can afford it, yes.
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how do u define can afford?

if my income 4k, i buy a 150k house, I can't afford it and borrow from bank, pay installment for 15 years

if my income 2k, i buy a 150k house, I can't afford it and borrow from bank, pay installment for 30 years


In both case, 2k or 4k salary also can't afford to buy a house with 1 payment ... but both also able to pay that long years, does it count as can afford or can't afford?
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