Hello, how many are earning this big bucks? For those who can earn this obscene amount of money and dont know how to take care of their own finances, I say then that they dont deserve the money.
So dont waste your energy and bandwidth worrying over unnecessary things. Worry about yourself.
Dont mix with negative people and pessimists, you will end up as one.
I suppose you know this story of a businessman who sent his two sons to an Indian village to explore opportunities to sell shoes. Upon reaching the village, the 2 sons saw that everyone in the village was not wearing any shoes.
Immediately the elder son shook his head and said no business to be made here as no one is wearing any shoes. But the younger son saw a huge potential market for the shoes.
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Originally Posted by Unregistered
Just to add, there are youngsters who are both working in banks and earning a combined income of $500k pa. They become arrogant and overconfident. They buy a $2m condo with 80% loan of $1.6m. When crisis strikes or restructuring comes, both husband and wife lose their jobs. They suddenly go from $500k pa to zero income. They cannot service their big mortgage and had to sell their $2m condo whose value dropped to $1.5m. They also have to sell their continental car at a loss.
So, avoid this situation. Even if you are earning $700k pa combined, don't be arrogant. You could lose your job tomorrow. Best is to buy a hdb flat or a cheap condo and pay in full.
Be debt free. Be humble. |