Article: "So, are you rich?"

[uls]

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

haha dami ganyan dude

kaya sabi ko wala sa sasakyan yan

[tidus1203]

You know what I take it back, yeah wala yan sa sasakyan... And with auto loans abound and easy to avail and bank competing fiercely for business wala na talaga ang cars as determinant of wealth. Maybe in the 70's pwede pa since everything is paid by cash wala namang loan loan dyan...

Eto na lang. Pag meron kang off shore account sa Singapore or Switzerland or Hong Kong with banks like UBS, Credit Suisse, HSBC, Citigroup I think mayaman ka na! Ano may kokontra pa?

[uls]

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.

iba lang talaga priorities ng middle class and rich people

ang middle class inuuna ang mga depreciating assets (cars, appliances, gadgets, stuff)

the rich buy assets that earn

then they use the earnings from those assets to buy more assets that earn

and so on

that's why they keep getting richer

[uls]

Eto na lang. Pag meron kang off shore account sa Singapore or Switzerland or Hong Kong with banks like UBS, Credit Suisse, HSBC, Citigroup I think mayaman ka na! Ano may kokontra pa?

kaya sabi ko in an earlier post:

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

[ghosthunter]

Whoever dies with the most gadgets wins!

[tidus1203]

Tapos yung mga katas na lang ng assets that earn (aka interest or rental income etc.) ang ginagamit to buy those depreciating assets (cars, gadgets, etc...)

[uls]

Tapos yung mga katas na lang ng assets that earn (aka interest or rental income etc.) ang ginagamit to buy those depreciating assets (cars, gadgets, etc...)

yep

that's the difference between rich and middle class that can't be seen on the surface

pareho sila meron cars, gadgets, stuff

the difference is how they pay for those things

the rich use earnings from assets to pay

while the middle class have to work hard everyday to make monthly amortization and credit card payments

[flakez]

malayo pa pala ako sa katotohan na yumaman. hahahaha. teka mali. parang walang pag-asa ata. hahahaha

[yevhon]

Meron pang pag-asa, kung naniniwala ka sa himala... malay mo mabiyayaan ng tsamba sa lotto... kaso sabi naman ni nora aunor wala dawng himala...

[c_cube]

"So, are you rich?"



hindi nga ako makapag-absent basta basta eh dahil "no work no pay" kukulangin na agad ako ng budget monthly pag bawas ang sweldo

tsaka masasabi ko lang mayaman ako pagbibili ako ng gamit lalo na pag signature item tas hindi ko na titignan ang presyo, punta nalang agad sa kahera sabay bayad.

[tidus1203]

Lotto winners (especially yung mga nangaling sa wala) don't make their fortunes last. Just like basketball players and celebrities... Quick money kasi dosen't teach you to preserve it unlike money mad in business na alam mong mahirap kaya matindi ang preservation dito...

[vinj]

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.

I overheard a friend of my boss once... instead of looking for a house to build he was looking for a building to buy. Additional income 'ika nga

And he rides around in a 2004 Accord.

[yevhon]

Haay... buhay nga naman talaga ng isang lipunang alipin ng mga materyal na bagay. Dagdag pa ang kapitalismo at komersyalismo na gagong mga merkano ang mga promotor.

Sana masungkit ko na ang premyo ng lotto... o ang papremyo ng pakete ng safeguard... **** na malagkit na buhay talaga oo... makaligo na nga muna ulit

[badsekktor]

I have this friend, yun dad niya retired at the age of 35. I believe his dad is into forex trading and is earning quite a lot dahil grabe magrelease ng pera. Konting ungot lang nung tropa ko binigyan kagad ng pera para magfranchise ng mga negosyo!

At that point in time I believe na sila ang definition ko ng mayaman. Anyway, medyo affected daw sila ng financial crisis last year. Hindi ko lang alam kung gaano ka-apektado.

I also know this guy who earns 150 k daily with one of his businesses. With a stroke of luck, this guy, used to be a "kargador" sa palengke become one of the wealthiest in that town after about 20 yrs.

[badaboom]

that's how rich roll.

i know some people napaka rich nila as in. pero they roll in a middle-class vehicles.
dati si henry sy. nung 80's makikita mo lang sa quiapo naka sando (parang pahinante) di alam ng iba siya may ari ng sm dun.

for me,

rich ka kung:

marunong ka mag-ipon
magaling ka magtipid (kuripot)
madiskarte
matiyaga.
kung ano meron, makuntento.

etc.

kaya ako sabi ko lagi sa gf ko ako hahawak ng sweldo mo. kasi wala kang control sa pera puro gastos.

tama ba ako forum mates?

*im so blessed.

[uls]

Lotto winners (especially yung mga nangaling sa wala) don't make their fortunes last. Just like basketball players and celebrities... Quick money kasi dosen't teach you to preserve it unlike money mad in business na alam mong mahirap kaya matindi ang preservation dito...

ganyan talaga

akala nila di mauubos

[_Cathy_]

kaya sabi ko in an earlier post:

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

I agree.

Sa offshore banks yung mga high net worth clients may personal banker who will go to them when they need to make a transaction.

May ibang offshore banks din na walang retail banking/branch sa Manila. If you want a private account with them you have to go to SIngapore and the ADB is 20 million ata.

[tidus1203]

Mga $1M pwede na magbukas ng offshore account... Matindi narin kasi competition ng mga private banks given the wealth destruction created by the 2008 and the on going Great Recession...

[tidus1203]

Ako merong off shore accounts sa US....















Sa TD Ameritrade at sa Oanda discount forex broker!

[jom's]

No wonder I'm not surpirsed . . . hindi naman talaga kami rich e.

Pero tama si jom's, sana may list sila ng iba pang classes para malaman natin kung saan tayo nakasama

bro digging deeper dun sa article, found another link ang labo lang ng middle class, pero good read...

Low Income = 294, 296
Lower Middle Class Limit = 294,296
Upper Middle Class Limit = 2,393,125
High Income = 2,393,125

http://www.nscb.gov.ph/headlines/Sta...10_rav_joe.asp