Li Ka-Shing teaches you how to buy a car & house in 5 years

[Retz]

Li Ka-Shing teaches you how to buy a car & house in 5 years



Li Ka-Shing teaches you how to buy a car & house in 5 years

interesting... travel is 1/5.

[Mguy]

This got me interested. Lets apply it sa practical scenario. His sample of RMB 2000 is equal to PHP 15000. If we will include taxes, you could throw this exercise out the window na but for simplicity sake, 15k is net of tax na at yun person ay single pa. I've broken down yun amounts by percentages of the 5 items

1. Living expenses (30%) - 4,500
2. Interpersonal circle (20%) - 3,000
3. Learning fund (15%) - 2,250
4. Holiday fund (10%) - 1,500
5. Investment fund(25%) - 3,750

Looking at those figures, it would be a bit difficult in real life to live with that budget. There are just too much unexpected expenses out there. In addition, he expect you that on your second year, your salary has grown at least 65%. Again, not so realistic.

[Ry_Tower]

This got me interested. Lets apply it sa practical scenario. His sample of RMB 2000 is equal to PHP 15000. If we will include taxes, you could throw this exercise out the window na but for simplicity sake, 15k is net of tax na at yun person ay single pa. I've broken down yun amounts by percentages of the 5 items

1. Living expenses (30%) - 4,500
2. Interpersonal circle (20%) - 3,000
3. Learning fund (15%) - 2,250
4. Holiday fund (10%) - 1,500
5. Investment fund(25%) - 3,750

Looking at those figures, it would be a bit difficult in real life to live with that budget. There are just too much unexpected expenses out there. In addition, he expect you that on your second year, your salary has grown at least 65%. Again, not so realistic.

Living expenses kulang na kulang yan. Buong P15K pa lang kulang na.

[_Qwerty_]

pwede lang yan don sa 6 digits ang net take home pay..

[arisrites]

Living expenses kulang na kulang yan. Buong P15K pa lang kulang na.

This article was meant for the people who had just started working and still single. It's kind of like a training on how to improve ones overall personality in preparation with the future. It can possibly be applied and see how you grow in 5 years. That's what Chinese are " masipag at matiyaga".

[Ry_Tower]

This article was meant for the people who had just started working and still single. It's kind of like a training on how to improve ones overall personality in preparation with the future. It can possibly be applied and see how you grow in 5 years. That's what Chinese are " masipag at matiyaga".

Seriously, hindi pa din okay P15K sa manila kahit single ka pa. Sa province puwede pa. S

[cpsolt]

Ouch! car and lot amortization pa lang 70% na ng income ko.

[_Cathy_]

In addition, he expect you that on your second year, your salary has grown at least 65%. Again, not so realistic.

Definitely not realistic. That can probably happen when moving from one company to another or a big promotion but that's very RARE. 65% is a big jump.

Ouch! car and lot amortization pa lang 70% na ng income ko.

Wow that's a big risk. so 30% of your income covers your daily living expenses?

[uls]

for me the takeaway from that article isnt the budgeting

it's the networking. go out and meet people. you might meet people who can change your life... rich, powerful people

then you have to be useful

when you prove yourself to be useful to the powers-that-be malayo mararating mo. promise

Always make yourself useful. Increase your investment in networking. When you increase your social investment, expand your network of contacts, your income also grows proportionately.

When you are poor, spend less time at home and more time outside.

When you are poor, you have to throw yourself out in the open and let people make good use of you

example si Ramon Ang

we all know his story

who did he meet?

he became useful to who?

[Ry_Tower]

Definitely not realistic. That can probably happen when moving from one company to another or a big promotion but that's very RARE. 65% is a big jump.



Wow that's a big risk. so 30% of your income covers your daily living expenses?

Hindi pa kasama other income at incentives (malamang). hehehe