Minimum 50k per month.
how much need to earn to afford 300k car?
how much need to earn to afford 300k car?
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Apr 10 2014, 08:12 PM
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Junior Member
169 posts Joined: Nov 2010 From: Black Dragon River |
Minimum 50k per month.
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Apr 10 2014, 08:13 PM
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Newbie
0 posts Joined: Mar 2014 |
QUOTE(Sammich! @ Apr 10 2014, 08:11 PM) Dont be so sure , its subjective actually everyone has different priorities,mindset and interest , and not all pilots,ceo and businessman earning more than 10kThis post has been edited by sgt goebellx: Apr 10 2014, 08:13 PM |
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Apr 10 2014, 08:13 PM
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Junior Member
51 posts Joined: Dec 2013 |
QUOTE(sgt goebellx @ Apr 10 2014, 08:10 PM) when you earn so much , invest 5k-10k on a depreciating asset to give you better comfort ,peace of mind and safety is priceless . Never discount on safety because they can cost you much much more than that The problem is, driving smart is a waaaaaay better method to reduce death chance, rather than buying an expensive car.the chances of death in a car is already low but chances of death in a car, given you are driving smart, is darn near 0.00% To me, the only reason to buy a car so expensive, if im a CEO of a company i dont fully own, so i can use company funds to buy said car, and "expense" it and charge my shareholders This post has been edited by FindingGamerWife: Apr 10 2014, 08:14 PM |
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Apr 10 2014, 08:17 PM
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Newbie
0 posts Joined: Mar 2014 |
QUOTE(FindingGamerWife @ Apr 10 2014, 08:13 PM) The problem is, driving smart is a waaaaaay better method to reduce death chance, rather than buying an expensive car. thats a given however remember Andrea Pininfarina died because he choose to take the risk to ride on vespa and get run over by an 80 old manthe chances of death in a car is already low but chances of death in a car, given you are driving smart, is darn near 0.00% To me, the only reason to buy a car so expensive, if im a CEO of a company i dont fully own, so i can use company funds to buy said car, and "expense" it and charge my shareholders |
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Apr 10 2014, 08:21 PM
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Senior Member
620 posts Joined: Jan 2014 |
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Apr 10 2014, 08:22 PM
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Newbie
0 posts Joined: Mar 2014 |
QUOTE(Sammich! @ Apr 10 2014, 08:21 PM) Just like university degrees there come from many quality and sizes . Self important serf with illusion of grandeur always think everything in big scalesThis post has been edited by sgt goebellx: Apr 10 2014, 08:22 PM |
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Apr 10 2014, 08:23 PM
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Junior Member
558 posts Joined: Jul 2011 |
just pay
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Apr 10 2014, 08:24 PM
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Senior Member
5,363 posts Joined: Apr 2005 From: กรุงเทพมหานคร BKK |
QUOTE(FindingGamerWife @ Apr 10 2014, 08:03 PM) if i earn 20 million a month also i wont buy a 300k car. if you're earning at those levels.my brains will immediately go ka ching, forcing me to sell said car immediately (maybe get RM260K back),invest in a trust fund, generating returns of RM30K per year, and buy a Myvi by taking the longest bank loan (hopefully my car cost is RM600 per month) so the RM30K returns per year, i invest it in another trust fund, netting me RM6K per year, enough to cover my car cost Hence, instead of losing 300k on a car, i use the RETURNS OF THE RETURNS of the price, to buy a myvi. having a depreciating asset around 400K won't kill you.. u deserve that comfort for the boss you are. earning 20mil, driving myvi or kapchai is just slaving yourself to money |
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Apr 10 2014, 08:28 PM
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Junior Member
271 posts Joined: Aug 2011 |
QUOTE(FindingGamerWife @ Apr 10 2014, 08:03 PM) if i earn 20 million a month also i wont buy a 300k car. LOL..joke of the year..say the people that never be rich..why people want to be rich??my brains will immediately go ka ching, forcing me to sell said car immediately (maybe get RM260K back),invest in a trust fund, generating returns of RM30K per year, and buy a Myvi by taking the longest bank loan (hopefully my car cost is RM600 per month) so the RM30K returns per year, i invest it in another trust fund, netting me RM6K per year, enough to cover my car cost Hence, instead of losing 300k on a car, i use the RETURNS OF THE RETURNS of the price, to buy a myvi. for fame for attract women for buy big house for buy expensive car for ego booster for unlimited spending and the list go on i rarely hear billionaire that only have below 100k$ car..give me list of 3 people and i will believe ur statement This post has been edited by crash123: Apr 10 2014, 08:28 PM |
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Apr 10 2014, 08:28 PM
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Junior Member
51 posts Joined: Dec 2013 |
QUOTE(teehk_tee @ Apr 10 2014, 08:24 PM) if you're earning at those levels. not really.having a depreciating asset around 400K won't kill you.. u deserve that comfort for the boss you are. earning 20mil, driving myvi or kapchai is just slaving yourself to money notice how out of the 300k, only the returns of the 30k is used to buy a car. in fact, the 260k are all making more money to make more money for me. all my earnings are making more money to make more money for me. in short, by not buying a car, you are less a slave of your own money because buying a car means you have to slave to pay for the debt, pay for maintainence, and work more. |
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Apr 10 2014, 08:30 PM
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Junior Member
8 posts Joined: Apr 2013 |
QUOTE(FindingGamerWife @ Apr 10 2014, 08:13 PM) The problem is, driving smart is a waaaaaay better method to reduce death chance, rather than buying an expensive car. Lol, 0.00 where you get that shit from...the chances of death in a car is already low but chances of death in a car, given you are driving smart, is darn near 0.00% To me, the only reason to buy a car so expensive, if im a CEO of a company i dont fully own, so i can use company funds to buy said car, and "expense" it and charge my shareholders Not matters how safely you drive, someone else bound to hit you. |
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Apr 10 2014, 08:31 PM
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Junior Member
79 posts Joined: Jul 2013 |
just take loan and enjoy la.........then join those bankrupt youngster
dont want bankrupt take money from ah long |
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Apr 10 2014, 08:31 PM
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Senior Member
620 posts Joined: Jan 2014 |
QUOTE(FindingGamerWife @ Apr 10 2014, 08:28 PM) not really. I think u have the mindset of the poor and clearly never have enough money to use. All u think about is make more money for no reason. No goals. When u have earn to a level u don't really mind spending some money for yourself.notice how out of the 300k, only the returns of the 30k is used to buy a car. in fact, the 260k are all making more money to make more money for me. all my earnings are making more money to make more money for me. in short, by not buying a car, you are less a slave of your own money because buying a car means you have to slave to pay for the debt, pay for maintainence, and work more. bigduck liked this post
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Apr 10 2014, 08:32 PM
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Senior Member
620 posts Joined: Jan 2014 |
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Apr 10 2014, 08:36 PM
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Senior Member
2,940 posts Joined: Jan 2010 |
Take your month income, multiply by 12. That's the limit for the car you can afford.
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Apr 10 2014, 08:39 PM
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Senior Member
5,363 posts Joined: Apr 2005 From: กรุงเทพมหานคร BKK |
QUOTE(FindingGamerWife @ Apr 10 2014, 08:28 PM) not really. if you extrapolate .. then all non-core assets like dining, own house, clothes etc should be kept minimal because well dining and dressing is a waste of money which could be productively used, own house - bungalows cannot accurately capture capital gains and yield as well as commercial property.notice how out of the 300k, only the returns of the 30k is used to buy a car. in fact, the 260k are all making more money to make more money for me. all my earnings are making more money to make more money for me. in short, by not buying a car, you are less a slave of your own money because buying a car means you have to slave to pay for the debt, pay for maintainence, and work more. so drive kapchai, stay in shoplot, wear basics, eat good basic food . lel humans are creatures of comfort bro. 300k when you're rich represents a <2% expense ratio. kalau 2% expense pun nak save.. well i dont know whether you're living life or not. |
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Apr 10 2014, 08:51 PM
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Junior Member
143 posts Joined: Jul 2009 |
QUOTE(FindingGamerWife @ Apr 10 2014, 03:03 PM) if i earn 20 million a month also i wont buy a 300k car. my brains will immediately go ka ching, forcing me to sell said car immediately (maybe get RM260K back),invest in a trust fund, generating returns of RM30K per year, and buy a Myvi by taking the longest bank loan (hopefully my car cost is RM600 per month) so the RM30K returns per year, i invest it in another trust fund, netting me RM6K per year, enough to cover my car cost Hence, instead of losing 300k on a car, i use the RETURNS OF THE RETURNS of the price, to buy a myvi. pls dun make jokes la. 20mil month = 240mil yearly. solely i take 100mil as saving. 100 million put in FD @ 3% also u having 3mil p.a / 250k monthly. why do you want to earn so much while you don't spend ? hell. i can retired after 1st year working @ 20mil salary |
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Apr 10 2014, 08:53 PM
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Senior Member
2,940 posts Joined: Jan 2010 |
QUOTE(IluvProton @ Apr 10 2014, 08:51 PM) pls dun make jokes la. 20mil month = 240mil yearly. solely i take 100mil as saving. 100 million put in FD @ 3% also u having 3mil p.a / 250k monthly. why do you want to earn so much while you don't spend ? hell. i can retired after 1st year working @ 20mil salary |
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Apr 10 2014, 08:54 PM
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Junior Member
143 posts Joined: Jul 2009 |
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Apr 10 2014, 09:02 PM
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Junior Member
51 posts Joined: Dec 2013 |
QUOTE(IluvProton @ Apr 10 2014, 08:51 PM) pls dun make jokes la. 20mil month = 240mil yearly. solely i take 100mil as saving. 100 million put in FD @ 3% also u having 3mil p.a / 250k monthly. why do you want to earn so much while you don't spend ? hell. i can retired after 1st year working @ 20mil salary Why do you think warren buffet still want to earn money despite being a billionaire? Why do you think taib want to have power on sarawak despite being a billionaire? every billionaire in top 20, continue to strive to become a billionaire Once you reach my position, you will understand the real meaning of money. Money is not about spending on this that, showing off in a car, whatever money is a game of life. it doesnt matter if i spend or do not spend on myself, but money is a game. all spending is meaningless in the spirit of the game of making more money. how much money can i ever accumulate? how big can my power and empire grow? how much money can i make in my lifetime? these are the questions once you reach financial independence. its no longer about how big car i can drive etc etc. those are just side dishes to the main game of money. |
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