Article: "So, are you rich?"

[yevhon]

What if 20k nga lang income ko, wala naman akong utang, hindi naman ako mahilig sa mga gadgets at iba pang mga luxuries kumbaga hindi ako materialistic. At hindi rin ako naiinggit sa ibang tao. Simple lang mga damit ko. Halimbawa isa akong misyonaryo o di kaya isa akong matinong public servant na kuntento at ang fulfillment lang sa buhay ay magserbisyo sa iba. Yung tipong "making a difference" ang dating ng pag-iisip.

Sa 20k, palagay ko kayang bumuhay ng simple na yan ng family of 3 at syempre uunahin ko ang savings bago expenses then invest ang savings to earn more than the inflation rate. Baka makakasapat na rin yan para sa retirement ko in the future, probably sa age na 60-65.

So, am i rich?

[tidus1203]

Yes mabubuhay ka pero you're not rich. Rich people probably have 3 cars , no consumer debts (business debts is okay especially for capital spending) except credit cards which will be paid in full anyway at the end of the billing period, tapos a nice 500 sqm house and lot in a gated village. Of course its just my idea of a rich person...

[ghosthunter]

Yes mabubuhay ka pero you're not rich. Rich people probably have 3 cars , no consumer debts (business debts is okay especially for capital spending) except credit cards which will be paid in full anyway at the end of the billing period, tapos a nice 500 sqm house and lot in a gated village. Of course its just my idea of a rich person...

Three cars would be middle class. And depends on what those cars are. SUVs, full size sedans, etc.

Kinda hard to be defined as "rich" when all your three cars are Vios, City and a Getz.

[uls]

What if 20k nga lang income ko, wala naman akong utang, hindi naman ako mahilig sa mga gadgets at iba pang mga luxuries kumbaga hindi ako materialistic. At hindi rin ako naiinggit sa ibang tao. Simple lang mga damit ko. Halimbawa isa akong misyonaryo o di kaya isa akong matinong public servant na kuntento at ang fulfillment lang sa buhay ay magserbisyo sa iba. Yung tipong "making a difference" ang dating ng pag-iisip.

Sa 20k, palagay ko kayang bumuhay ng simple na yan ng family of 3 at syempre uunahin ko ang savings bago expenses then invest ang savings to earn more than the inflation rate. Baka makakasapat na rin yan para sa retirement ko in the future, probably sa age na 60-65.

So, am i rich?

well yeah, you can say "it's not how much money i make, it's how much i save"

the article above uses income as a measure

no mention of savings or investable assets

i would define rich by how liquid a person is

like if the person was asked to produce a large amount of cash in short notice

like to pay ransom hehe

can that person come up with the cash?

another way to determine if a person is rich -- does he qualify for private banking?

if he qualifies for private banking, then he's rich

[niky]

Rich is very hard to define. You could be making 200k a month and be deep in debt.

For me, a rich person is someone who's making enough to support himself and his family, with money left over to save. I may be making more than most, but a lot of that goes to payments. I don't consider myself rich.

Of course, if I had 200k in salary every month and a monthly debt of just 50k, I really wouldn't mind.

[tidus1203]

Sige na nga ipagpalagay na lang natin the commulative worth of all you cars is around P2.5M then mayaman ka na...

[niky]

Rich is very hard to define. You could be making 200k a month and be deep in debt.

For me, a rich person is someone who's making enough to support himself and his family, with money left over to save. I may be making more than most, but a lot of that goes to payments. I don't consider myself rich.

Of course, if I had 200k in salary every month and a monthly debt of just 50k, I really wouldn't mind.

[uls]

i don't use number-of-cars to determine if someone is rich

there are people who own 2 or 3 late model cars pero nagrerent lang ng apartment

inuna ang oto

well, kasi yan ang nakikita ng mga tao

di naman nakikita kung saan sila nakatira

[baguhan88888]

i don't use number-of-cars to determine if someone is rich

there are people who own 2 or 3 late model cars pero nagrerent lang ng apartment

inuna ang oto

well, kasi yan ang nakikita ng mga tao

di naman nakikita kung saan sila nakatira

i strongly agree. yan ang pinoy. basta naka magarang kotse, kahit tuyo ang kinakain, kahit apartment lang ang tinitiran (nahuhuli pa sa bayad).

kotse = status symbol

[ghosthunter]

Meron nga, new 5-series bimmer but lives in an old apartment unit (not so maintained) that he owns.

Makes you wonder... hidden wealth?

[Starex_Gold]

Maybe tinipid niya yung sarili niya to buy the new 5 Series Bimmer

Kaya kong gawin yan para lang sa Bimmer :hysterical:

[yevhon]

How about Contentment, Joy, happiness, etc.

Kung masusukat lang ba yang tatlo, baka yan yung mga d best na sukatan ng richness.

Kung iisipin nga naman din, bakit nga ba gusto natin rich tayo. Para maging masaya o para maging kontento. Kaya nga kahit gaanu pa karami materyal (o mga kotse) na pag-aari mahirap pa rin idefine, anu at sinu nga ba ang rich.

Yang statistics, tingin ko dyan mga figures o numero lang. Of course, masarap ding malaman pero parang hindi ako mapalagay, parang me something na hindi nagtutugma sa numero at totoong buhay...

[yevhon]

How about Contentment, Joy, happiness, etc.

Kung masusukat lang ba yang tatlo, baka yan yung mga d best na sukatan ng richness.

Kung iisipin nga naman din, bakit nga ba gusto natin rich tayo. Para maging masaya o para maging kontento. Kaya nga kahit gaanu pa karami materyal (o mga kotse) na pag-aari mahirap pa rin idefine, anu at sinu nga ba ang rich.

Yang statistics, tingin ko dyan mga figures o numero lang. Of course, masarap ding malaman pero parang hindi ako mapalagay, parang me something na hindi nagtutugma sa numero at totoong buhay...

[malinkelly]

nung pinanganak ako rich kami ngayon hindi na...

[uls]

i strongly agree. yan ang pinoy. basta naka magarang kotse, kahit tuyo ang kinakain, kahit apartment lang ang tinitiran (nahuhuli pa sa bayad).

kotse = status symbol

yep

pati gadgets status symbol

ang babaw

the really rich don't look at those things

automobiles are depreciating assets

lalo na gadgets

it's not the cars or the gadgets

it's the buildings

how tall is your building?

how big is your mall?

[baguhan88888]

hay....basta ako, masasabi ko (without batting an eyelash)....na ako ay mayaman


mayaman sa utang

[Negus]

i strongly agree. yan ang pinoy. basta naka magarang kotse, kahit tuyo ang kinakain, kahit apartment lang ang tinitiran (nahuhuli pa sa bayad).

kotse = status symbol

This isn't limited to pinoys. I've seen middle-age japanese employees (single) with porsches (GT3 and GT2 variety) living in shitty houses, parang bahay ng aso. talagang car crazy.

[baguhan88888]

yep

pati gadgets status symbol

ang babaw

the really rich don't look at those things

automobiles are depreciating assets

lalo na gadgets

it's not the cars or the gadgets

it's the buildings

how tall is your building?

kaya nga siguro yumayaman pa ang mga mayayaman. kasi they dont focus on the things they can brag. tulad ng mga karaniwang ipinagmamalaki at ipinapamalandakan sa tao tulad ng gadgets, kotse, etc. pero sila simple lang sa ganyang mga bagay pero yung pera naman sa bangko (na di kailangang ipamalita sa madlang people) o titulo ng mga ari arian (na di naman dinadala pag namamasyal), sobrang dami. they dont focus on what and how others will perceive their status is.

[fourtheboys96]

Wow. I am so not rich.

Don't be sad. I'm with you.

[badsekktor]

What if 20k nga lang income ko, wala naman akong utang, hindi naman ako mahilig sa mga gadgets at iba pang mga luxuries kumbaga hindi ako materialistic. At hindi rin ako naiinggit sa ibang tao. Simple lang mga damit ko. Halimbawa isa akong misyonaryo o di kaya isa akong matinong public servant na kuntento at ang fulfillment lang sa buhay ay magserbisyo sa iba. Yung tipong "making a difference" ang dating ng pag-iisip.

Sa 20k, palagay ko kayang bumuhay ng simple na yan ng family of 3 at syempre uunahin ko ang savings bago expenses then invest ang savings to earn more than the inflation rate. Baka makakasapat na rin yan para sa retirement ko in the future, probably sa age na 60-65.

So, am i rich?

sad to say you are not rich if you live that life. Even if you save all your monthly earnings, that would only cost lets say 20000 salary X 12 months X 40 years fo work which is 9.6 million when you retire, that is if you save your whole salary in your lifetime which is not too much. Then you need a house at least... kahit wala ng sasakyan. So mababawasan kaagad yun, then yun inflation which will affect the true vallue of your money. Paano pa yun daily expenses mo at yun healthcare ng buong pamilya mo?

Yes mabubuhay ka pero you're not rich. Rich people probably have 3 cars , no consumer debts (business debts is okay especially for capital spending) except credit cards which will be paid in full anyway at the end of the billing period, tapos a nice 500 sqm house and lot in a gated village. Of course its just my idea of a rich person...

i dont think the number of cars and the size of the lot would suffice.... Filipinos, especially OFWs tend to acquire a pretty house on a good village plus a number of cars and live on a meager pension when they retire.

i don't use number-of-cars to determine if someone is rich

there are people who own 2 or 3 late model cars pero nagrerent lang ng apartment

inuna ang oto

well, kasi yan ang nakikita ng mga tao

di naman nakikita kung saan sila nakatira

I agree... meron ako kilala, di makabayad ng utang, pinambayad sa min yun exped saka navigator.... tsk! ang gagara ng oto wala pala pera......

yep

pati gadgets status symbol

ang babaw

the really rich don't look at those things

automobiles are depreciating assets

lalo na gadgets

it's not the cars or the gadgets

it's the buildings

how tall is your building?

how big is your mall?

kasi pre hindi nga naman mabibitbit para ipagyabang di kagaya ng gadgets.

Cars, houses, appliances, and gadgets for me are liabilities. You have to shed money to keep using them.

I would say I am rich if i see my name in the forbes list....