Apr 21 2008, 09:48 AM
QUOTE(dreamer101 @ Apr 21 2008, 06:09 AM)
small-jeff,
1) I paid 145K for my double storey linked house in Klang.
2) I paid 50K for my Proton Wira.
With my car and house paid off, my family of 4 lives on RM2K per month with upper middle income lifestyle. And, we are not consider as FRUGAL in my neighborhood. So, seriously, I have NO IDEA how the new generation live their life that require that much money.
IMHO, to be consider as millionaire, car and house you live in is not an asset. It should not be counted towards the 1 million net worth. But, the debt should be deducted from the 1 million.
Dreamer
1) I paid 145K for my double storey linked house in Klang.
2) I paid 50K for my Proton Wira.
With my car and house paid off, my family of 4 lives on RM2K per month with upper middle income lifestyle. And, we are not consider as FRUGAL in my neighborhood. So, seriously, I have NO IDEA how the new generation live their life that require that much money.
IMHO, to be consider as millionaire, car and house you live in is not an asset. It should not be counted towards the 1 million net worth. But, the debt should be deducted from the 1 million.
Dreamer
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