how much need to earn to afford 300k car? 
Apr 11 2014, 09:43 AM
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.
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.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.
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