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16-01-2022, 03:44 PM
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Senior Member
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Join Date: Jun 2009
Posts: 45
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How much of your net worth would you spend on cars?
Suppose your net worth is $3M (including residence) and you have 2 cars that cost $600K total. That is 20% of your net worth.
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16-01-2022, 11:14 PM
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Quote:
Originally Posted by Salary.sg
Suppose your net worth is $3M (including residence) and you have 2 cars that cost $600K total. That is 20% of your net worth.
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if use networth i dun think many ppl can afford..
a more appropriate number is % of celery
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17-01-2022, 01:31 AM
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Quote:
Originally Posted by Unregistered
Ya weird, why using net worth? Car is not even an asset in general right?
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The richer you are, the more non-asset luxuries you can afford. If you're not rich, why spend so much non-asset non-essential luxuries like a car? There's always public transport and Grab.
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28-02-2022, 08:51 AM
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Quote:
Originally Posted by Unregistered
The richer you are, the more non-asset luxuries you can afford. If you're not rich, why spend so much non-asset non-essential luxuries like a car? There's always public transport and Grab.
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You don't understand that a car is more than transport to some. It is unbeatable convenience and privacy. It is also in my case, a love for driving and a love for cars that makes it a passion that's worth it. I spent 50%. My liquid net worth 200k before car, after car is 100k (car is an expense not an asset so not in net worth).
Cheers.
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28-02-2022, 09:46 AM
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Quote:
Originally Posted by Unregistered
You don't understand that a car is more than transport to some. It is unbeatable convenience and privacy. It is also in my case, a love for driving and a love for cars that makes it a passion that's worth it. I spent 50%. My liquid net worth 200k before car, after car is 100k (car is an expense not an asset so not in net worth).
Cheers.
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Precisely. Only low ses, small minded people don't get it.
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