I want make my goal to earn enough to afford 300k car

>20k/month

3k per month for installment only.

But at lease chick magnet

You become Rozita Che Wan children you can get any car including R8 free je

for me as long as it can get u from point a to point b would be enuff for me . no need for expensive cars

If your mother famous and rich , free je beb

thats becoz u can't afford luxury cars...

30k a month

300k

Yes i cannot afford luxury cars

If you are crazy 10k
If you are obsessed 15k
if you are desperate 20k
if you are rational 30k
if you are wise 40k-60k
if you are low profile 70k-100k
if you are frugal 100k-200k
if you are cheap 200k-300k

So basically earn 10 k can afford liao right cos dun need so much for living cost

This post has been edited by Sammich!: Apr 10 2014, 08:01 PM

pay cash la..

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.

why do poor with bad financial management always think that buy cash is the best thing? its only true if you are really really really really really rich

Not cheap la. Maybe can say Car fanatic.

Where can earn 100 per month. Najib also dun earn so much la

for me as long as it is 300bhp above tak kisah.eh salah quote orang lak

some CEO can, some businessman can, SIA pilots can. The problem with Malaysians we measure income by monthly earnings , because most of us are salary earning serfs. The more accurate way to measure your income is how much each on annually basis. Like businesses or people taking up projects if lets say a project gave u an ROI of 600k , and if it took you 6 months to complete the project and get full payment that would mean you actually make 100k per month.

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

Ceo business man and pilot won't buy 300k car liao. Will be 1 million car liao

Minimum 50k per month.

Dont be so sure , its subjective actually everyone has different priorities,mindset and interest , and not all pilots,ceo and businessman earning more than 10k

This post has been edited by sgt goebellx: 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.

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

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 man

Ceo not earn more than 10k then wat the point b Ceo haha

Just like university degrees there come from many quality and sizes . Self important serf with illusion of grandeur always think everything in big scales

This post has been edited by sgt goebellx: Apr 10 2014, 08:22 PM

just pay

if you're earning at those levels.
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

LOL..joke of the year..say the people that never be rich..why people want to be rich??
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

not really.

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.

Lol, 0.00 where you get that shit from...
Not matters how safely you drive, someone else bound to hit you.

just take loan and enjoy la.........then join those bankrupt youngster

dont want bankrupt take money from ah long

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.

Ya I mean take loan la. Crazy r pay full. But how much earn to be able take loan and afford the car?

Take your month income, multiply by 12. That's the limit for the car you can afford.

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.

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.

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

These people make good ancestors.

i bet is 1 and only ancestors only left millions of dollars + investment fund
but no biz assets

you dont understand simply because you are not in my position

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.

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.

dun talk like this. ppl expert in investing 1. btw, he is bumi.

kenot ~ waste of luxury time. u can use that time to invest fund.

if you earning 20mil monthly = 27.7k hourly.
if you take 7 x 27.7k = 193.9k daily can invest more money come liao
this is worst than buying a car

you should be glad liao. in-case you investment all gone also you no feel. just regular spending.

note how luxury time = I equate to money just now? (in the warren buffet example)

the main aim of life, is to maximise luxury time (or maximising utility). because by having lots of luxury time, you maximise your enjoyment in life. you want to have as much free time to enjoy life as possible, and do what you consider most fun, in the mean time still have enough money for financial independence.


In short, all the money in the world, or spending in the world, my main goal, is to free up more and more luxury time for myself. Luxury time translates into happiness, utility, and satisfaction in life.

Lots of people think that money is the most important resource in the world, and needs to be optimised. but in reality, money is the second derivative of time. Time is the most important resource in the world. And to have free time, is to understand the true meaning of why we work everyday, earn money and spend. To gain more time for ourselves.



capital gains has no tax, only 2-3% zakat.
property gains has no tax considering my holding period, only 2-3% zakat.
my dividends, i have always calculated it in an after-tax basis
ASB and AS1M has no tax, only 2-3% zakat.


Any FM worth salt, will always consider returns in an after tax basis. Saying you are financially independent, only for your client to be killed by tax, is the best way to blow your own credibility lulz.

actually. in the fm industry, losing millions = no feel. You only feel it if you lose your money because you made stupid decisions, like not being diversified enough, or acting on impulse. of which we keep on learning. if KLCI went to 0, and my fund went to 10, i still outperform KLCI.


My personal portfolio is relatively diversified, with some in fixed-priced funds like Tabung haji, ASB, KWSP, AS1M, i have malaysian equity, i have some in FD, i have some in gold and silver paper, i have quite a large chunk in my condo's and property across KL, i have some in mutual funds, and some in foreign equity.

It is normal for price to fall, and any of my asset class can underperform. But as long as im diversified, its difficult to lose all my money at the same time. Even if the world goes to war, or malaysia interest rates goes to 30%, or pakatan rakyat takes over, or US gets nuked to hell, ill be fine. I will lose some money. thats to be expected in life. but i will always be conforted by the fact that, i am much better to do than most people around me.

most people who ask this can't afford it

lel
then how u know ppl spend 300k on the car themselve not hapi


meleis investor no wonder

can explain wat u mean by meleis investor no wonder?

why put in ur condo? bank safe no use meh?

bn macai?

tabung haji and kwsp can put in fund 1? pls pass some infor i wan i wan

Facebook ceo he just get a golf gti even if he can buy 10 ferarri

This post has been edited by AxeFire: Apr 11 2014, 08:58 AM

coz he got high chance of good yield interest at ASB liao. where else which in market can promise 6%+ in fund investment without lock in more than 3-5years period.

get what i mean?

Drive expensive car n dine in mamak, ideal Gen-y lifestyle

depends. i put money in FD based on my current income requirement.
For example, since next year im aiming to buy 1 or two more properties, and i need 30% down, so i will have some 200k-300k cash in FD.

Property is a good hedge of inflation. A good hedge of inflation has a characteristic that its nominal value increase through time. And hence, i do put a large chunk of my investment in property. The net rental income is enough to cover my historical loan payment by almost 1.5x, so it also is a cash generating asset. Furthermore, the rental of condo, also increases through time. and hence, it is quite a good asset class to be in, as long as there is law and order in land ownership. Property makes up >45% of my portfolio.

ASB/AS1m/Tabung haji are decent investments, but they only make up less than 7% of my portfolio because they are not inflation hedges. Investments in non-inflation hedges like fixed price fund will expose you to inflation risk, and too much weighting will result in you underperforming during periods of high inflation.

That means, during periods of high inflation, ASB will give 7%-8%. but money will deteoriate at a rate faster than 7%-8%. Moreover, property prices and equity and commodities, which are better hedges in inflation, will increase faster than the inflation rate. Hence, it as i said, its not good to be too focused in ASB/AS1m/Tabung haji.


However, Bank FD has a lower return.
According to my own investment policy statement, my risk profile is above average risk tolerance, and to maximise return given risk tolerance. Having too much money in bank safe, altho is "safe" (not really, the quality of your bank savings is only as good as the quality of the bank). will jeapordise total returns, hence, bank FD should be only used for immediate liquidity requirements. Especially given my long time horizon of 50-60 years to my own death.

This post has been edited by FindingGamerWife: Apr 11 2014, 09:04 AM

I c.. so sux I am not bumi FML

few days liao. i go those gooding restaurant with selipar tesco + cargo pants. ppl no hiew me
diau lip amoi also no hiew me

how to invest into KWSP / tabung haji jek i wan in

me too but I know got way to invest
ask luci

just leave ur money in account1/2 la zzzzzz.

if u wan in tabung haji, you need potong ur kewkew

forget what i ask earlier

aiya from his reply he really is not rich la thats why he is saying all these stuff to justify that we all spend money on cars are stupid. people will be like this when they are super jealous that he has not enough money.

The high position ppl got compnay cars, replace every 5 years after fully depreciated.

cheh only poorfag, car also need to use own money to buy

yes, those more than 1m car like Bentley usually the gelaran is Tan Sri already

Just sleep in car, eat ppl belanja, shower in office... no need to earn 10k

from what ppl tell me, the value of your car should be no more than your annual salary.. calculating back.. you should be taking home 25k salary per month in order to own a car worth 300k. of course you could be buying that car with lesser than 25k/mth, but it's not financially wise..

hmmm reeeaaally ah
so 2k rm24k car only?

LHDN inkambing

net or gross income jek

therefore get a z250 instead of a car

real cost is only 1/3 in malaysia..

so ur real cost of car is 100k

and 200k is on taxes..

With 20 mil on hand/MONTH, you more or less has reached financial freedom, at least for 1 generation. As a wiseman said before; if poor but spend more than you earn, thats an idiot. Likewise, a wealthy man who don't spend at all, also another idiot. Happiness = Wealth. Waiting to the end of days only to realise you stockpiled 1000 million in bank but never had the opportunity to spend, thats not smart.

And for what is your BIG BIG BIG money you have? Take it to your grave?

Yes.

So if you're a fresh grad, buy second hand Saga.
No need first month of work buy God car Vios.

just different need and hobby, some like football, some like car,some like chick...

there is nothing wrong or correct...

gross le.. net income damn jialat lo.. i think i won't be able to afford a car till dunno when..

Top to bottom depending on priority.

endowment fund
foundation
trust
charity

Looks like Haji Bakhil to me. I'd rather be like Bill Gates, give a money to others and myself rather than collect it (without even spend it) like never ending mission.

chick magnet

welkum to maresia




wont be, net and gross only diff bit nia