how much need to earn to afford 300k car? 
Apr 10 2014, 08:24 PM
QUOTE(FindingGamerWife @ Apr 10 2014, 08:03 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.
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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