work hard in you career, climb up the ladder and get your employer to reward you with car allowance, not forking out your hard earned money on continental cars! earned it through your career advancement
You can live in a 'Container House"...you need not buy these properties......its not that you can afford to raise 5 kids like your parents did.
remember the money you fork out to buy these properties is what comes back as salary to you with a thin margin to motivate you to work and earn....its cyclic flow of money...
and at the end you stand a risk of this property price collapsing all your had earned money to pay this property becomes nothing at the end
you are made worst than cattles and chicken reared to work and feed the rich...like a fish asked to swim around with a moving hook in front of it...
Renting is cheaper & much more affordable than owning properties loh...!!
With the money u save on accomodation, u can use it to buy or invest in undervalue margin of safety stock like insas in order to grow your capital & protect u from inflation loh.......!!
Do not despair if property price remain unaffordable mah....!!
In the US, people buy car because it's cheap and they need it to travel due to poor public transport system in many outskirt areas. But people here tend to see things differently. Not that I am against the idea of owning a luxury car, just that people here just can't wait till the day to enjoy their prize. Imagine someone who can afford a Kancil buying Vios. Who can afford an Accord buying Mercedez Benz. It's the future you are trading with the car that won't worth much later on. Some more they are so happily doing that.
My relative recently 'upgraded' their car to HRV, took 9 years loan. We were so amazed by their courage as they are just ordinary working class earning less than RM 10k combined income. They even have another car loan to pay each month. With house loan, study loan, kids' education fee, etc. Really wonder how they make ends meet. But they are so 'proud' showing off their car to us when we visit them.
No everything can be translated into dollar sense, if driving Myv (milo tin), meet a severe accident, life is gone, what is the purpose of having thousand $ in the bank
But must be balance mah, if your objective is to accumulate wealth now bcos u r not rich enough or could not afford benz or bmw...driving a myv is a good solution bcos affordable mah....!
Meanwhile it help u build up your future wealth thru prudent savings for investment
I remember in my old days, i even use honda kap cai too mah....!!
No everything can be translated into dollar sense, if driving Myv (milo tin), meet a severe accident, life is gone, what is the purpose of having thousand $ in the bank
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
probability
14,490 posts
Posted by probability > 2019-07-03 17:13 | Report Abuse
exactly what i did (i stayed with my first car of just RM 20k second hand for 10 years)...and its true indeed you can gain a million.
the gap between the paragraphs is too big..suggest you edit