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

**Retz** · February 20th, 2014 12:34 AM

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** · February 20th, 2014 10:53 AM

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** · February 20th, 2014 11:04 AM

Originally Posted by 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.

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

**_Qwerty_** · February 20th, 2014 11:38 AM

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

**arisrites** · February 20th, 2014 11:48 AM

Originally Posted by Ry_Tower

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** · February 20th, 2014 12:08 PM

Originally Posted by arisrites

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** · February 20th, 2014 06:16 PM

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

**miLes** · February 20th, 2014 07:09 PM

Originally Posted by 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.

dreaming naman yung figures na yan. living expenses is 4500 per month? 150 per day?

and once you have a house and car, your expenses will shoot up.