If this is my monthly salary would it be enough to buy a bnew car?

[Retz]

another story--- THE KUROT PRINCIPLE... FILIPINO dakot at utang AND A CHINESE kurot...

'KUROT' Principle...

Ano ‘yung Kurot Principle? Ay, ang ganda nitong Kurot Principle na ito. To better understand this, I will tell you a story of a person na balak bumili ng cellphone worth P1,000. Nagkataong mayroon siyang P100,000 na savings. Puwede ba siyang bumili ng cellphone? Puwede, kasi yung P1,000, KUROT lang ‘yon sa kanyang savings.

May pangalawang taong balak bumili ng cellphone. Ang bibilhin niya ay worth P1,000 din. Mayroon siyang savings sa bangko na P1,000. Bumili siya ng cellphone. Anong tawag dun? DAKOT na ‘yun! Dinakot lahat ang pera niya!

May pangatlong tao, balak bumili ng cellphone, pero walang savings. P1,000 lang naman ‘yung bibilhin niya. Bumili siya. Anong tawag ‘dun? UTANG na ‘yun!

Ang tanong: ano’ng prinsipyo ang ginagamit mo sa buhay mo? KUROT, DAKOT, o UTANG?

Magtataka pa ba tayo kung bakit tayo naghihirap o baon sa utang? Ang gagaling nating dumakot! Ang gagaling nating umutang! Gusto mong yumaman? Starting today, matutong kumurot. Kapag may bibilhin, dapat kinukurot lang! Nagkakaintindihan ba tayo? Kapag ginawa mo ito, pangako, yayaman ka.

Pag-aralan nating muli ang mga pinakamayayaman sa Pilipinas, ang Chinoy. Again, bakit sila mayayaman? Ang gagaling nilang… kumurot! Tayo ang gagaling nating… dumakot! Sasampolan kita…

Pinoy vs. Chinoy Businessman

May dalawang negosyanteng nagsimula ng kanilang negosyo, isang Pinoy at isang Chinoy. Ang capital nila pareho ay P100,000.

Sa unang buwan, si Pinoy, kumita ng P10,000. Ano ang iniisip bilhin? Cellphone. Si Chinoy, kumita rin ng P10,000. Ano ang gagawin niya? Idadagdag niya sa puhunan.

So magkano na ngayon ang puhunan ni Chinoy? P110,000! Si Pinoy, P100,000 pa rin, pero may bago siyang cellphone. Ang ganda!

Ituloy natin. After a few months, maganda ang takbo ng negosyo. Si Pinoy kumita ng P50,000. Ang Pilipinong may P50,000, ano ang balak bilhin? Bibili siya ng home theater, DVD, at LCD TV! Si Chinoy, kumita rin ng P50,000. Anong gagawin niya? Idadagdag uli sa puhunan niya. Magkano na ang puhunan niya? P160,000 na!

A few months later pa, ang Pinoy kumita ng P150,000! Ang Pilipinong mayroong P150,000, ano ang balak bilhin? Second-hand na kotse o pang-downpayment sa bagong kotse. Ang Chinoy, may P150,000. Ano’ng gagawin niya? Idadagdag sa puhunan! Magkano na ang puhunan niya? P310,000!

Buwan-buwan, si Pinoy kumikita. Dagdag siya ng dagdag ng gamit. Magkano ang puhunan niya? P100,000! Si Chinoy, buwan-buwan kumikita. Ano ang ginagawa niya? Dagdag ng dagdag sa puhunan niya. One day, Chinoy was able to save P1 million! So ginawa niya, he approached one supplier and said, “Supplier, kung bibili ako sa‘yo ng worth P1 million, bibigyan mo ba ako ng discount?” Hulaan mo kung ano ang sasabihin ng supplier. “Of course, ang dami mong bibilhin, kaya bibigyan kita ng additional 5% discount!”

Ngunit naisip ni Chinoy, “Hindi naman yata maganda na sa akin lahat ang 5%. Ang gagawin ko, bibigyan ko ang customers ko ng 3% discount at sa akin na lang ‘yung 2%.” Ibig sabihin, bababa ang presyo ng kanyang mga ibinebentang produkto.

It just so happened na magkatabi ang tindahan ni Chinoy at ni Pinoy. Pareho sila ng mga produktong ibinebenta. Given the situation, kanino kayo bibili? Kay Chinoy, because it’s cheaper. Ano ang mangyayari sa negosyo ni Pinoy? Malulugi na. Kasi mas mahal ang kaniyang produkto. Ano ang gagawin niya? Ibebenta niya ‘yung kotseng nabili niya ng P150,000. Sino ang bibili? Siyempre, ang maraming pera, si Chinoy. Tatawaran pa ni Chinoy ang kotse ng P80,000. Dahil gipit na si Pinoy, kahit palugi ay ibebenta na rin niya. Si Chinoy ngayon ay nagkaroon ng kotse na murang-mura lang!

After a few months, mauubos din ang P80,000 ni Pinoy. Ano ang susunod na gagawin ni Pinoy? Ang home entertainment niya ay ibebenta na rin. Magkano? P20,000 na lang. Sino ang bibili? Si Chinoy. Darating ang araw na pati ang cellphone ni Pinoy ay ibebenta na niya. Magkano niya ibebenta? P2,000 na lang! Isang araw, magsasara na ang negosyo ni Pinoy. Ano ang gagawin niya? Malamang, magtatrabaho na lang siya kay Chinoy. Ito ang kuwento ng bansang Pilipinas!

Naalala mo pa ba noong araw, mas mayayaman ang mga Pinoy kaysa sa mga Chinese. Bakit nagbago? Ano ba ang problema natin? Dakot kasi tayo ng dakot! Sila, kurot lang ng kurot!

Mayroon kaming naging participant before na nagsabi, “Sir, hindi naman totoo ‘yan! I know a Chinoy, he drives a BMW. That’s a P5 million car! Kurot ba ‘yun?” Malamang kurot ‘yun! Noong binili niya ‘yun, mayroon na siyang P100 million na savings! So kurot lang ‘yun! Nandiyan ka pa ba?

Isang Kahig, Isang Tuka

Saan ka makakakita ng mga taong isang kahig, isang tuka? Saan? Sa squatters area? Magtigil ka! Gusto mo’ng makakita ng mga taong isang kahig, isang-tuka? Sa Ortigas, sa Makati, may makikita ka.

What do I mean? Kapag hindi ka sumuweldo ng isang buwan, mabubuhay ba ang pamilya mo? Kung wala kang credit card, kung mawalan ka ng trabaho ngayon, ilang araw ang aabutin para mabuhay ng matino ang pamilya mo? Kapag nawalan ka ng suweldo, patay ka!

Ang mga Chinoy, kahit hindi muna kumita o magnegosyo, mabubuhay ng maganda. Bakit po? Kasi many years ago, kumahig sila ng kumahig at tumuka lang konti. Kaya marami sa kanila ngayon, tuka na lang ng tuka. Maraming Pinoy, kapag hindi tayo kumahig, wala tayong tutukain.

Ito ang masakit–sometimes, kahit matanda na tayo, kahig pa rin tayo ng kahig. Gaano karaming Pilipino ang 60 years old na ay trabaho pa rin ng trabaho? Puwede ba, simula ngayon, kumahig ka nang kumahig at iwasan munang tumuka. I-deprive ang sarili ng kaunti.

Ang pinakamasakit sa lahat ay ito–one day, you want to work, but you cannot work. You are already old. Why? Nagpakasasa ka kasi noong bata ka pa. Inubos mo na lahat ng lakas at kalusugan mo sa bisyo.

Tanong: Masama ba’ng bumili ng mahal? Sagot: Hindi! Basta kinukurot lang! Kapag nakakita ka ng kasamahan mong naka-Nike shoes, huwag mong husgahan kaagad iyong tao! Malay mo, kinurot lang niya iyon. At the end of the day, what is happening to other people is not important. What’s more important is what is happening to you.

copied from fb ko lang ito..

Sir manikis, pwde pakurot?

[yapoy86]

nice article that kurot, dukot, and utang... remember business is risky.. one time big time yan win or lose... mind you that business tycoons like henry sy and gokongwei loaned from banks to start their business and if you decided to go on business you need to focus on that..

BTT: single pa naman si TS, malaki sweldo, go and buy the car you want.. kasi once may family ka na hindi ka na makakabili ng gusto mo... wag ka na masyado compute nang compute... makikita mo mag aadjust ka din na parang walang nangyari.. mag susurvive ka believe it or not...

[d_mac]

Not sure if this thread, or a similar thread is already existing but i did try searching for similar threads.

I'm currently an employee of a company (not self employed) and is earning 67k gross. Recently left my previous job and has been employed in a new company for 10 mos pa lang. I'm planning to buy a car but through auto loan (as many of you have said that in house financing offers bigger rates). My target year would be towards early quarter of 2014 or last quarter of 2013. I'm currently living with my parents. Now my question is...is my gross income reasonable enough for a bank to grant me an auto loan assuming i want to buy a Ford Fiesta 1.4 HB manual tranny, or is that too much for my pay grade?

Will your car just be used to take you from home to work and back (with some gimmicks na din), or will you use it for other means say may sideline job ka (moonlighting) or may sideline business ka na kahit starting palang kahit ano pa man?

If only to take you from home-work-and-back, i'd say, maliit pa ang PhP67,000 per month BEFORE income tax. Even if say your income tax is less than 30% as a single non-married citizen dito sa Pinas and even assuming that all your personal necessities are shouldered by your parents, maliit pa din for a brand-new car worth PhP1.4M, even say on financing.

Pag-aralan mo muna sir, brotherly advice lang.

[beni23]

Sir manikis, pwde pakurot?

Ako din. Sa nipols. Haha

[shadow]

Grabs naman kayo, sobrang complicated na advises niyo...

TS is young let him enjoy his youth, bumili ka na...enjoy it while you're still young...

Invest? You'll get there but as of now...buy that damn car!

Sagarin mo na parents mo, ask them to front the equity for you at least 50% then kayang-kaya mo na monthly amortization.

3 yrs lang max na term...then used it for a couple more years benta mo to upgrade meron ka na puhunan pang down...

Anyway yun kinikita mo monthly not enough to invest in anything significant. You're probably currently being employed in a mid level position...pag nag promote ka na or start to climb that corporate ladder saka mo na insipin yan investment-investment.

Habang wala ka pa iniisip and responsibility gawin mo lahat gusto mo, cuz I'm telling you once you go down that road, you'll never enjoy anything in your life. Or you'll have the money but you'll be too old to enjoy anything.

Huwag ka lang makabuntis...

Rite of passage yan ng yuppies, cellphone, cars, condo, house...yun iba na stuck na sa kotse.. but that's life...

Sino dito hinde dumaan sa ganyan? Yun 40k/mo na kita. Kahit invest mo yan sa mutual funds, stocks etc..in 5 yrs hinde ka pa rin makakabili ng kotse sa kikitain mo...



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[renzo_d10]

Take it from the richest guy in the forum.

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[jansky]

Kaya ts, kuha ka na.. And pag meron na kontakin mo ko punta tau.angeles sa pampanga u know test drive natin including our wallet hahhaha

[Janah]

Hello Mathew, ako ang gross ko per month is 35k. ang kinuha ko lng is Chevrolet Spark 2011. Through car loan sa Capitalife Lending Inc.. Almost 15k lng per month ung hulog ko and kasama na ung insurance and LTO reg for 3 yrs.

[vps9280]

My problem is kinda different. My gross monthly salary is 102K plus around 12k in allowances. I know this would be enough for a car loan to be approved. However, I had several cancelled cards around 4 years ago when I encountered a financial storm way back. Now that I think I can afford to loan a car - mukhang wala ng bank ang mag aaprove sa kin.

What do you guys think? Send me PM guys if you can help me get approval ha. Thanks!

[_Qwerty_]

try mo pumunta sa mga dealer mga end of month.. naghahabol sila nang sales.. alam ko sa hyundai nagagawan nila nang paraan yan..

or you can go in house..

My problem is kinda different. My gross monthly salary is 102K plus around 12k in allowances. I know this would be enough for a car loan to be approved. However, I had several cancelled cards around 4 years ago when I encountered a financial storm way back. Now that I think I can afford to loan a car - mukhang wala ng bank ang mag aaprove sa kin.

What do you guys think? Send me PM guys if you can help me get approval ha. Thanks!

[Manilablock]

kung meron kang 114k per month mag antay ka na lan at ipunin ung pera mo, baka meron kang makita na magandang offer sa 2nd car bayaran mo na ng buo.

[robot.sonic]

May na close na rin akong credit card before so feeling ko na blacklist ako. Nag open na lang ako ng bank account sa bpi family tapos lahat ng extra pera ko don ko nilagay. After a year, binigyan ako ng credit card kasi valued customer daw ako.

Ibig sabihin, di na nila niconsider yung bad record ko sa hsbc.

[rey031]

May na close na rin akong credit card before so feeling ko na blacklist ako. Nag open na lang ako ng bank account sa bpi family tapos lahat ng extra pera ko don ko nilagay. After a year, binigyan ako ng credit card kasi valued customer daw ako.

Ibig sabihin, di na nila niconsider yung bad record ko sa hsbc.

Question: if I cancelled credit cards in the past because I'm not using them, not because I can't pay my dues, that shouldn't be taken against my credit rating, right?

[brainmafia_310]

try mo pumunta sa mga dealer mga end of month.. naghahabol sila nang sales.. alam ko sa hyundai nagagawan nila nang paraan yan..

or you can go in house..

baliwala na yan Sir. ang importante sa banko kikita sila sayo at siguradong hatak ung sasakyan mo kung hindi ka makabayad. sa CC hatak ung card? hahahahaha.

Question: if I cancelled credit cards in the past because I'm not using them, not because I can't pay my dues, that shouldn't be taken against my credit rating, right?

no impact, i have 3 here they charged me annual fee without even using my card - pinapacut ko bayadan ko daw muna Annual Fee sabi ko magdemandahan na alng tayo. eto tawag ng tawag sa office ko, minumura ko naman,.

[Retz]

Question: if I cancelled credit cards in the past because I'm not using them, not because I can't pay my dues, that shouldn't be taken against my credit rating, right?

Kung hindi mo nagamit wala naman darating na statement of account. So why cancel? not unless if you already use it.


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[rollyic]

Kung hindi mo nagamit wala naman darating na statement of account. So why cancel? not unless if you already use it.


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how about the annual fee?

[jhnkvn]

how about the annual fee?

Unless your credit record is horrible to begin with most card companies nowadays waive annual fees all too well. After all, the major revenue source of a card issuer isn't on the annual fees but on interest rates.

[jhnkvn]

Question: if I cancelled credit cards in the past because I'm not using them, not because I can't pay my dues, that shouldn't be taken against my credit rating, right?

No impact. Pagmeron bigyan mo sila ng impact sa mukha

[xthine]

Question: if I cancelled credit cards in the past because I'm not using them, not because I can't pay my dues, that shouldn't be taken against my credit rating, right?

As long as age of credit is not factored into calculating the credit score.

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[RandMcnally]

Buying cars should never be treated as investment because they are simply not. Buy that car because you want it. I am pretty sure your 67k would be enough and you would be approved. They are a bit aggressive this month due to year end closing.