
Originally Posted by
bike01
i should say for now around 3 million net worth is enough to make you 'not' a millionaire but rather financially secured and independent..
for 3 million pesos will get you:
1.5 million - a decent condo unit or small decent house
300k - a decent reliable used car for transportation
1.2 million - guaranteed investment or busines that earns around 11 percent per annum = 110,000 year = 11,000 a month income for basic needs and some wants..
so i guess 3 million net worth is basically good enough..
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ang term kase na millionaire literally means in US dollar terms which is the global standard currency.. so dapat para ka matawag na milyonaryo in any nationalty or currency dapat it your networth converts to at least 46 million pesos.. pero lumalakas ang piso so baka dadating time yung mga may 30 million pesos net worth e millionaire na din..
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so i guess, sa panahon natin ngayon..kahit 20 million net worth pa asset mo e mahirap ka matawag na millionaire, lumalabas upper-middle class ka.... although case to case basis..since mababa ang cost of living dito sa pilipinas, so pwede ka na ding pumasa as milyonaryo..