nvm la... u want to go own with yuour 9 yr car loan also can

some people, especially me, never like any kind of loans. i do not like the feeling of being "owned" by the banks or anyone

i would rather have zero asset / money rather than like many so-called property master with 10 houses, drive big cars and use the so-called leverage & owe the banks all their lives and is vulnerably exposed to any economic changes

no man... that's not what i want. the last thing i want is to die leaving huge debts to all my kids. no matter how many real estates or assets you have.

different people have different appetite, but that doesnt mean that they are ignorant

well every individuals have their own preferences & financial target..
some uses debt while others uses cash for everything.. nothing is right or wrong..
calling people ignorant is kinda too over already

nvm la... u want to go own with yuour 9 yr car loan also can

some people, especially me, never like any kind of loans. i do not like the feeling of being "owned" by the banks or anyone

i would rather have zero asset / money rather than like many so-called property master with 10 houses, drive big cars and use the so-called leverage & owe the banks all their lives and is vulnerably exposed to any economic changes

no man... that's not what i want. the last thing i want is to die leaving huge debts to all my kids. no matter how many real estates or assets you have.

different people have different appetite, but that doesnt mean that they are ignorant

Well.. bank is using the term interest rate, with different calculation, given not all people is financial savvy, I think the marketing approach of bank takes up some responsibility.

Anyway, different people got different ways to deal with money, calling them ignorant is too much... Even millionaires, billionaires may bankrupt one day, just their lifestyle different with you, no one is right or wrong...

exactly. it is not just a matter of matehmatical equations or numbers. diff people have diff preferences.

heck, some might even call me a bloody idiot for putting in so much money into ASx rather than properties

i tell them i am comfortable with what i have now saja, i no have such large appetite for big houses or big cars

exactly. it is not just a matter of matehmatical equations or numbers. diff people have diff preferences.

heck, some might even call me a bloody idiot for putting in so much money into ASx rather than properties

i tell them i am comfortable with what i have now saja, i no have such large appetite for big houses or big cars

cash, on the condition that LHDN do not investigate me

there is no guarantee the ASB/ASB2/ASM/ASx will give you good returns every year

but the interest rate will remain the same, or worse, get higher whenever the economy is in deep shit

Going to board meeting with low yah (antique) car , respect

Having fine dining with cash but wear shorts and singlet, 

Wish I have the day , dream first

Hmm, but you could withdraw asx to paid off house loan if required, which means got flexibility to spend money in hand.

But anyway, it was a lifestyle than a matematical equation. Good to know there is people weighted personal preference than numbers.

the time spend to settle the loan, and monies paid to lawyers for facility agreement, and not to mention penaltis (if applicable) for early settlement

no sir / madam. i dont have time or patience or money (LOL) for that.

the time spend to settle the loan, and monies paid to lawyers for facility agreement, and not to mention penaltis (if applicable) for early settlement

no sir / madam. i dont have time or patience or money (LOL) for that.

Surprise me  so many still ignorant regarding this. Which also mean some would rather take up car loan and pay down their housing loan. This type of financial education should be taught in school  then the compulsory Sejarah.

If I have cash 100k now , I prefer keep in asnb then pay installment.

100k car loan , 7 years ,3%= total paid 121,000 .
100k keep asnb ,7 years , 6%= total 142,000 .(excluded compounding).

** ???? Apa salah ????

My ASNB target very simple...

If i have 1 million debt with banker...then i want equal amount in ASNB..

So when i die, my family have enough fund to close my debt

the car loan is guaranteed 3% for the whole tenure

can you give me the same guarantee of 6% for ASNB for the whole 7 yr tenure?

that's something for you think of. it's everyone individual risk appetite

you might say you take the risk and earn RM 21k (not including compounded) PROVIDED that ASNB gives 6% return all the while

if you ask me, i buy a RM50k car and dump the 50k into ASB. setlle. 

If I have cash 100k now , I prefer keep in asnb then pay installment.

100k car loan , 7 years ,3%= total paid 121,000 .
100k keep asnb ,7 years , 6%= total 142,000 .(excluded compounding).

** ???? Apa salah ????

shall we call it as "debt neutral" ? 

Salah calculation.
It was 3% of 7 years earlier vs 6% gains after 7 years.
Option 1,
You paid off 100k car loan.
No money to put asnb.
But can top up asnb 17k every year for 7 years.
End of the day asnb got 150k with 6% compound.

Paid 100k, left 150k.

Option 2,
You borrow 100k car loan.
100k in asnb.
Paid loan 17k x 7 = 121000 over 7 years.
Asnb got 150k with 6% compound.

Paid 121k, left 150k.

Uncle, I draft quite quick, ask me again if I missed out anything.

Haha,I pun pening .
So which way is better ?????