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> Poor man vs Rich man

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Lazarus7181
post Dec 1 2016, 12:26 PM

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QUOTE(friedricetheman @ Nov 30 2016, 06:32 PM)
From my observations, those who will have many wants are less happy than those with many needs.

You can tell that a person is wealthy when the person dressed very simple but neat with no visible labels. Only a poor person will show off their designer labels.

A wealthy person spends more on food than on electronics and fashion. Only a poor person would spend their food money on the latest gadgets and handbags.

There are tell tale signs when a person is financially secured - he/she still travels abroad even when the ringgit is tanking, he/she's wallet is stuff full of 100 ringgit notes and only pays with cash all the time.

Other telltale signs include a mid tier car but with an expensive old number plate (single or double digit) which shows that the person is from an old rich family.

Does not like to show off. Very low profile about his life or where he lives. Also will try to not show off his watch and downplays it when friends notice his expensive watch.

Poor people would buy a car on 7-10 year loan and would usually buy entry level cars from Mercedes, BMW. A-class and 1-series are cars of choice for posers.

Poor people also wear designer labels on the outside and make sure people notice their fake watch or entry level watch. Rich people will go for the mid tier pricing for any luxury watch brands they buy into. The expensive upper tier of a luxury brand is reserved for posers whom saved up for a decade or more to afford it but after that, cannot afford to service the watch as it costs 4-5 digits to repair it every 3-5 years.

Poor people drink at bars and clubs where overpriced drinks are being sold. Rich people drink at home in their mini bar away from the noise and bar plebeians.

Anything else that I missed out? Looking at my list, I think I am more poor than rich.
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Well, I think all of these seems legit to most quarters.

I think another wealthy person criteria is that they are bloody stingy. Stingy in the sense that they will constantly ask for discount no matter what.

Everyone choose to live their life under whatever circumstances they are in. If you are single and ready to mingle, staying at home drinking away and having loads of cash by yourself do you no good whereas when you mingle outside by spending some, you get to meet new people and even might land yourself a lifetime partner.

From my perspective, rich and poor, it's solely depend on your decision to achieve your goal. You can spend your money on something which might sounds like spend thrift. But once you reached to a certain point whereby you need to cut yourself out from that behaviour then.

Saying is easier than doing and this is always the difference between the rich and poor as from what I can observed.
Lazarus7181
post Dec 1 2016, 12:41 PM

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QUOTE(MeToo @ Dec 1 2016, 12:31 PM)
I disagree.

Its not about being stingy.

Its about being smart, why pay more when u can pay less?

Being Rich doesnt mean you have to be stupid.
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Well, I totally accept your statement being smart rather than "stingy" when one can pay less.

But, do you happen to see or hear any stories of them being rich and not stupid getting real deal at the end of it?

I'm really interested to listen to.




Lazarus7181
post Dec 1 2016, 01:29 PM

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QUOTE(MeToo @ Dec 1 2016, 12:52 PM)
Ofcourse!

A freind upgraded his 5 series to 7 series cause they are offering RM100k discount for the 100 yr Anniversary celebration.

Ofcourse he dont need/hardly use the car... but hey its a discount!  laugh.gif

Edit : To be serious, I hardly ever pay retail, must got discount baru i consider buying something. I also tend to buy things for future use if there is an attractive enough discount/deal cause I dont want to be stuck/force to get something on retail cause I "need it" urgently.
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Well, that is definitely truth.

May I know what kind of stuff you buy with discount?


Lazarus7181
post Dec 1 2016, 03:33 PM

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QUOTE(MeToo @ Dec 1 2016, 02:40 PM)
Everything if possible...

Like for example do u know the SSPN/Tax rebate abuse? Well.. further to that...now u can pay with credit card... charges is 53 cents extra... but u get a free gift including Samsung power bank... and some cards gives u 1% cash back.... and the bank finance your purchase for more then 30 + 20 days if u timed it correctly... in that time.. u already withdrawn your $$ out form sspn again and u can pay your CC.

So basically zero cost form you.
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Nope and certainly great insight.

I presumed the free gift of you mentioned is actually from redemption point?
Lazarus7181
post Dec 1 2016, 03:50 PM

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QUOTE(MeToo @ Dec 1 2016, 03:34 PM)
Nope, any points u ggain is seperate.

This free gift is form SSPN office itself...
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I like your post on SSPN on last year. Definitely a good information.

https://forum.lowyat.net/topic/3603912/all

Lazarus7181
post Dec 1 2016, 03:58 PM

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QUOTE(MeToo @ Dec 1 2016, 03:34 PM)
Nope, any points u ggain is seperate.

This free gift is form SSPN office itself...
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By the way, the SSPN Tax relief stuff is going to expired on 2017 and what's your next tricks?
Lazarus7181
post Dec 1 2016, 04:08 PM

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QUOTE(MeToo @ Dec 1 2016, 03:57 PM)
Whoa! Totally forgot got that thread.

But yeah... its an example of one of many lubang to save a few bucks. Sure the return of RM1500 is actually not too big... but I like that challenge of finding avenues to make these little money. Treat it as a free weekend in PD for my daughter lor...  biggrin.gif
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I'm actually looking at Tax Relief stuff as my annual income tax started to cost me a huge bomb.

Now, I already max out "life insurance and EPF" and "Insurance premium for education and medical benefit". Your clause on SSPN saving scheme struck me but right now, I don't know whether it is still eligible for continuous years.
Lazarus7181
post Dec 1 2016, 04:33 PM

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QUOTE(MeToo @ Dec 1 2016, 04:21 PM)
Its a go for 2016 and 2017. Looking at things its probably going to be extended, govt NEEDS the money.

WHether its continuos or not doesnt matter, its just a 2 months exposure for yoru money. Use it while its there.

But ways to save money on taxes (urh 25%  puke.gif ) is limited for employee... so find other lubang to save $$
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I'm looking forward for 2017 income tax and will try to see how much am I paying.

I'm actually an employee and for the past 3 years, on annual basis, including PCB with annual income tax pay-out, I have to pay 7K++ and just trying to see what kind of tax relief really can helps me out.

For me, I will usually calculate the time to save those money to the time I used to make some for passive income.

It's hard to save money anymore when everything is hiking and every unnecessary stuff has been dully cut off.

I can only save until an extend but further on, I might need to find additional incremental income source then.



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