well its impossible because he has a bitoechnology degree.. unless he work in singapore la... and like i say unless he do some illegal stuff..for a normal person the chance is <5%... I think most of the people here are a little unrealistic....most will say my fren earn this and that and living cost not very expensive cannot do anything with 5k... the living cost is going up but the salary is not so they dont move together..and your fren here and there..how many of that fren do u have in malaysia? it may be only 1 or 2 person...

join lampe berger can earn up to 6 digits salary...

even when economic booming also hard to find enough sucker to buy those perfume

work hard all bro...
me is 25...salary close to 4k only...now wanting to look to jump ship...see how ler... ehhe
well.. i ain't proud of myself also... low salary..compared with my previous job in US... and my family paid a lot to get me my degree.. so, wat u pay is wat u got..

current situation, do not even mention salary not enuff. all those who have job is consider blessed. think about those seeking for jobs now... terrible situation out there.

But alas, it's not up to you to define what rich means.

The dictionary defines rich as 'having a great deal of money'. And instinctively, that's absolutely correct.

People who have a lot of money ie. earn, inherit or are given a lot of money are rich. So what if they spend all of it? They are still rich. If you earn 100K a month, and you spend 100K a month, you're rich. Simply because you are capable of benefiting from 100K of goods & services (ie. value) each month.

People who have little money but save a big proportion of it are not rich. They are poor, and will always be poor because of the simple fact that they have little money. Living within your means is not rich. That's simply thrifty. If you earn 1K a month, but only spend 10 bucks, saving 990, you still only have 990. You're poor. You can take all your 'ultra savings' and you still only buy nothing of any real value.

So, it's not how much you spend or how much you save. It's how much you have (to spend or save).

I thought our monthly loan installment only allow to be roughly one third of our monthly income?

So if that's the case, with 5k per month paid, you only manage to have a total RM1667 monthly loan installment.

Please correct me if I'm wrong.

You know he's got a point. If a rich person spends all his money : say I make a million a month. I spend it all -- I buy a house and a few condos the first month, another house + few condos next month, third month I buy more houses and condos. Fourth month I buy a few luxury cars. Fifth month I go on vacation somewhere. Sixth month I lose my job. I am no longer rich. I just have a few houses and condos and some money left over, which I will also spend to renovate them. And so I am now not rich, I have been horribly spendthrift, buying houses and cars and going on vacations. I am so not rich, aren't I? I spent all of my salary every month, I should be very poor now and living on the street or something.

What do you think lol ?