Poorman and richman chart. come and see.
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 May 19 2010, 01:28 PM, updated 16y ago
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#1
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19 posts Joined: Nov 2009 
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Base on this cash flow chart, that said
rich man cash in FD -> 100k poorman House loan BLR -> 100k after 30 years rich man cash in FD --> 209k (base on FD Rate 2.5% p.a) poorman House loan BLR -->216k (jz finished paid loan) In this case, means if u have cash then u will be rich and richer. if u are poolman, ur money jz enough for paid loan. This post has been edited by ericpee82: May 19 2010, 06:52 PM Attached thumbnail(s) 
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 May 19 2010, 06:43 PM
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#2
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19 posts Joined: Nov 2009
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QUOTE(livingmonolith @ May 19 2010, 04:55 PM) the chart is created by the TS i assume, because it doesn't make sense at all. you're compared FD with loan payments, of course the lines go opposite directions. if a poor man puts his money in FD he'll be making money as well. that is cash flow chart. if u loan that means u pay money reduct from ur money u will negatif and negatif. corect izit??? like u said, if poor man can put his money into FD. so he no need to borrow loan already. right? he consider is a rich man. then ur point cant make it. Added on May 19, 2010, 6:50 pm QUOTE(ReWeR @ May 19 2010, 05:30 PM) how do u define can afford? ReWer, i agree v u. now is big gap betteew high income (boss) and low income (monthly salary).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? that y the chart show rich more richer. poor more poorer. with the low salary like u say 4k o 2k oso, all will paying to bank. in the end, banker is the winner... This post has been edited by ericpee82: May 19 2010, 06:50 PM |
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