If my ancestor left me with 20 mil, I'd thank them. Then buy myself a 300k car. Haha

0.00% is too bold.you are not the only driver on the road. u may be careful but others may not.

oh, you are absolutely correct. please write a book of money is not about spending

oh forgive me. why warren buffet got private jet car is too cheap for them?

the chance of death on a car is only 3 to 9 deaths per billion km travelled (UK is at 3.1, we are at the upper end)

if you travel 30km back and forth to work everyday, thats only 250-300 per billion chance or 0.0000027% in any given day.

Furthermore, the probability of being in an accident given that you are smart is only 10% of the average accident rate. that makes it even thinner at 0.00000027%.

the cummulative probability of death in 40 years (which has 40x250 driving days = xsqrt(10000) which is 0.000027% probability of death in a lifetime. or approximately 0.00%

This post has been edited by FindingGamerWife: Apr 10 2014, 09:16 PM

Your job benefits and entitlement == sebiji basikal kompeni

sleep inside car

ya deswai we need cars softer than milo tin to harn yau and no airbags or electronics too

When he bought the private jet, he bought it because it the incremental profit and the additional utility from time saved (versus commercial), is better than the opportunity cost of the maintainence/depreciation of the asset.

For example, even someone like me, i value my luxury time at RM90-140 per hour. Someone like warren buffet as a billionaire would probabily value his time at USD100,000-USD150,000 per hour. hence, as long as luxury time gained is more than opp cost of the plane, he will still profits.

moreover, weather you use a myvi or a ferarri to work, ur gonna get stuck in the same jam as everyone.

korek. so why initial you said this? quite contradiction of quote you have there?

"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."

read properly

the first purchase consideration is a car. A car wont save you more time irregardless of what car you drive. (myvi or honda or toyota, you will still get stuck in the same jam) hence, since there is no time saving, there is no luxury time accumulated, and hence, in monetary terms, you have wasted money

warren buffet bought a plane. A plane can save a few hours of travel and queueing compared to its next best alternative (commercial aircraft). Furthermore, it allows flexibility for warren buffet to schedule his meetings. For someone who have a luxury time valued at USD 100,000-150,000 per hour like warren buffet, if he travels everyday, he can easily accumulate a few million USD worth of luxury time.

Luxury time, can easily be converted to money (by working, making an investment decision, etc), hence in monetary terms, is effective.

TLDR: Time is money
Expensive car saves you no time, hence you wasted $(price of car)
Private airplane saves time, hence, it is not a waste if opportunity cost is less than Value of time saved.

This post has been edited by FindingGamerWife: Apr 11 2014, 07:28 AM

No bro you got it wrong. The billionaires they have a lot of power that you dont have. These people they go outside to socialize with high profiles people like thelmselves. You have to spend money if you want to know the high profile one. They are businessman, not wage earner. Power and empire? You dont have power, but you can treat your bank account as your 'empire', that's it.

About money, you said people dont understand enough about money, but i believe you dont understand it enough either. There should be balanced between spending and saving. Life is about adventures, not only limited to 'money adventure'. Go outside city to explore more like scuba diving, fishing, visit some kampung, donations, mountain climbing and many more. Then you will appreciate nature and realize you have missed so many things while you are chasing for money. Come Sarawak and we will show you the nature, the sea and the forest. These should be the questions when you reach financial independence, to touch more people life, not money make money.

If your life is about how much money you ever accumulate, then i feel pity for the things you have missed.

The best answer so far!

diew, if u earn millions u think BN won't tax the shit outta u ?
300k for a car is considered tax reduction to people who earned million per annum.
hence, they rather pay for a posh car.

This post has been edited by yamahahai: Apr 11 2014, 08:13 AM

actually, i spend more than 15 days a year enjoying mother nature, and 7 hours a day on weekdays relaxing (5.00pm to 2.00am is my hours).
Weekends i cross country cycling.

Spending and enjoyment has a middle parameter, which is the util efficiency. I maximise utility per unit dollar, thats why everyday is a holiday to me. I go to work, update some spreadsheets, socialise and go out to talk with clients, or go to investment talks and seminars. 5.00pm-2am is my private hours.

This is how i become happy despite my own spending patern. people think the only way to be happy, is to spend.

but they end up spending 300k on a car yet get stuck in a jam 3 hours a day, while i spend RM3 per month on my mode of transport, and spend 10 minutes traveling a day

they spend 20k-30k on a 1 week holiday packages to city centres like france, while i can spend 3k-5k and enjoy 3-4 weeks of mother nature.


Thats why, many people are trapped. without efficiency of spending money, without thinking on what they spend, they keep on buying expensive items which gives little to no happiness. And thats their own downfall.


And many different analyst and sector specialist and professionals say what im saying in a different way.
They say after the 4th house, you will just go for properties
They say once you achieve millionaire, you can be more relaxed
They say you need to achieve some kind of net worth.

But in reality, the threshold is not magnitude of wealth, it is the wealth relative to spending. IE: financial independence.

korek korek.
just buy myvi enough, travel from kl to penang just nice.
i bet you will not go dinning at restaurant over RM 50 coz to luxury and wasting time. Economy Rice should be enough coz just eat only.

Descendents enjoice haha.

Hope he dun die forever alone if not Najib enjoice

You still dun get it ....haiz

See back the Chart plz

If earn 100-300k but still buy 300k Mean Cheap // frugal. That why as per chart say....

This post has been edited by RegentCid: Apr 11 2014, 08:34 AM

in almost the past decade, i have only spent RM20.70 on eating out in restaurants/side stalls/etc. mostly for when i woke up late, and have to buy nasi lemak, which happens once every few years.99%+ of the time, i cook all my meals myself. and manage my own groceries.

I always cook myself. because the kind of food i cook, is hard to find at normal roadside stalls in Malaysia. Its also my hobby to cook, and innovate on food (not really innovate lol but yeah tweak tweak recipe).

Furthermore, i hate waiting for food at diners. lol.

This post has been edited by FindingGamerWife: Apr 11 2014, 08:34 AM

If everyone can live like this, there will be no more financial crisis, no more wastage of resources.

Sad to say, human nature is not like that. Greed, wealth, luxury, showing off, all kicks in man.