Article: "So, are you rich?"

[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....