My Trading Adventure
Car is an expensive item
CP TEH
Publish date: Thu, 28 Mar 2013, 02:22 PM
CP TEH
0 2,918
All the writings in this weblog are mainly for PLEASURE reading purposes. I am in NO position to recommend a call(BUY/SELL). Please check with those know-hows before you make a decision. Yes, I am just a learner, with only five years experiences in KLSE. So, please BEAR with me.
KLCI is a bull run ... reaching 1670 now, incredible 4 days running ... and we are talking about 1700 soon?
Cars : Needs vs Wants
Days back, I read with interest someone written about Needs vs Wants and was thinking in my own personal context.
-----------------------------------------------------------
Ini foto saya dan saya buat kerja ini hingga saya bekerja sebagai pensyarah di Limkokwing University (2000-2002) semasa balik sekali sekala ke kampung. Selepas itu, ayah saya pun dah tak larat dan terpaksa upah kebun kepada orang lain. Saya... pernah miskin juga, semasa gaji saya RM2300 sebagai pensyarah rakan sekerja dah ada yang beli kereta Honda dengan installment RM1000 lebih. Saya cuma beli Kancil EX660 dgn installment RM361 sebulan. Saya sedar saya ada keluarga miskin yang adik-adik perlu ke sekolah dan masuk universiti, maka secara alam saya terdidik untuk korbankan kemahuan diri sendiri dan hanya mengutamakan keperluan (Greed Vs Need)
Mari saya tanyakan rasional mendidik nafsu diri. Kaya kita bukan kerana kita banyak duit tetapi kerana kita CUKUP. Pendapatan 100k sebulan jika nafsunya RM200k tetap kita jadi sangat miskin lagi.
Maka kuncinya ialah nafsu yang perlu dididik. Kita jarang sedar tujuan kereta yang hebat itu anda gunakan bukan untuk anda gunakannya sebagai kereta tetapi kepuasan nafsu diri apabila orang melihat anda hebat kerana memilikinya. Sama juga isu macam orang kaya kahwin artis, bolehlah rasa bangga berkokok bak ayam jantan. Jalan juga sudah jadi mendabik dada. Adakah kita beli kereta untuk diri kita atau untuk pandangan orang lain?
Itulah nafsu sebenarnya. Saya sering berpesan dalam siri ceramah saya, jika anda mampu beli BMW cukuplah hanya dengan Proton Waja, Jika mampukan Ferrari cukuplah hanya anda beli Mercedes.
Saya setuju kalau nak turunkan harga kereta. Woww...siapa yang taknak kan? Tapi jika nafsu tidak dididik, harini anda terpaksa bayar RM1000 sebulan untuk sebuah kereta keluarga, nanti jika harga dah turun, berapa ramaikah antara anda yang akan beli kereta keluarga pada kadar bayaran bulanan RM500? Atau anda akan upgrade kereta anda dan kekalkan bayaran balik RM1000 sebulan.
Soal harga kereta boleh turun saya yakin ada pihak dah buat kajian tentangnya. Itu kita serah pada mereka, pasti mereka bijak dalam urusan itu. Sekarang soalnya pada diri kita sendiri BAGAIMANA?
SAIFUL NANG Orang Fakir
p/s SHARE jika rasa berfaedah.
---------------------------------------------------------------
As I am not a 'car' lover but prefer a bike ... I have no worry of driving a 'cheap' car. Even now, I m still riding my second-hand kap-chai. I view cars as a mode of transportation, to bring me from point A to point B, safely. If I could, I will ship my Kancil from Sabah, but as my two kids growing, the NEEDs of having a larger car is there ... and I bought my basic Proton 3 years ago. Taken 4 years loan, paying RM600 per month for the car ... it is a heavy hire-purchase item. Besides transportation ... most of us have to pay for monthly housing loans(or rentals) ... and food. These are three most basic of our needs.
Let us discuss on transportation. As I bought a place nearing to my office(about 5km), I do travel in a bike, to beat the jam and also much cheaper mode of transportation. More and more people opting to ride bike to work due to the hassle of jams, parkings, cost of tolls and petrol. But the risk is there as our roads are not really bike-friendly. If I could, I would love to cycle to office, but that is like ...inviting danger to our lives in daily basis. ouch. Our transportation system in Klang Valley is bad ... the buses and commuters could not be reached in many area, the LRT is not cheap, either. Driving is still the best choice for many of us, who do not wish to risk riding a bike.
Assuming our average wage/income is RM4,000 and to drive a 'better' car than Proton might cost us more RM1k easily. Then, we do need to think of the tolls ... it is costing me RM100 per month, with parking in malls or places. Petrol is about RM200 for me. So, for me ... the so-called cheap car costing me RM1000 per month. Those driving a so-called better imported cars need to cough up much more. And if u need to travel further than to offices, in daily basis ... driving do takes our TIME and MONEY. It is never cheap to drive a car in Klang Valley.
Now ... as driving a car is a neccesity, some prefer to buy more expensive cars ... well, more to fill their ego(pride? face?) ... but those financial savvy ones will think twice before paying more for a 'better' car. If our salary is only RM4, we couold not afford more than RM50k cars. That is my opinion ... and I could say, I could only afford a Proton ... and comfortable with it. Remember, the car need maintanince too ... the tear-n-wear. Well, it is always our own choice. Some won't mind driving a 'cheap' car ... but some will feel shy to drive a second-hand cheap car.
If we are spending RM1k for a car(for transportation purposes, not for showing off?), then with our RM4k salary it takes 25% of our income. If we are going to pay another 25% for house's instalment ... we are only left with RM2k for everything else. Utilities bills ... Astro, Unifi, Handphone, Electricity, Water, Indah Water ... that is like? Food ... and we are in tight situation ... financially. Trying to save RM400(10%) could be difficult.
Anyway ... everyone is feeling the pinch driving a car. Well, I m not sure if PKR will bring down the prices of the cars. Otherwise, we are so used to live with it. The jam ... the letters from bank reminding us about our instalments ... the back-dated utility-bills ... that is the squeeze in many of us under-paid employees, with the ever increasing cost of living.
Living below our means ... being simple and stay frugal. It is neccesary for me to be able to save 10% monthly, and to grow our saving in investing.
I posted a 2.0 cars before ... and for me to drive a Honda Accord, for example ... I must be financially free ... without worry of education for kids, without need to work so hard ... to meet ends.
I do hope our gov (BN or PKR) could consider an averagely low income bracket rakyat ... and reduce the prices of cars, petrol ... or abolish the tolls. That could help us a little.
Reflecting on what 'saiful', an odinary Malaysian words ... it is a need, not a want.
TEH
Cars : Needs vs Wants
Days back, I read with interest someone written about Needs vs Wants and was thinking in my own personal context.
-----------------------------------------------------------
Ini foto saya dan saya buat kerja ini hingga saya bekerja sebagai pensyarah di Limkokwing University (2000-2002) semasa balik sekali sekala ke kampung. Selepas itu, ayah saya pun dah tak larat dan terpaksa upah kebun kepada orang lain. Saya... pernah miskin juga, semasa gaji saya RM2300 sebagai pensyarah rakan sekerja dah ada yang beli kereta Honda dengan installment RM1000 lebih. Saya cuma beli Kancil EX660 dgn installment RM361 sebulan. Saya sedar saya ada keluarga miskin yang adik-adik perlu ke sekolah dan masuk universiti, maka secara alam saya terdidik untuk korbankan kemahuan diri sendiri dan hanya mengutamakan keperluan (Greed Vs Need)
Mari saya tanyakan rasional mendidik nafsu diri. Kaya kita bukan kerana kita banyak duit tetapi kerana kita CUKUP. Pendapatan 100k sebulan jika nafsunya RM200k tetap kita jadi sangat miskin lagi.
Maka kuncinya ialah nafsu yang perlu dididik. Kita jarang sedar tujuan kereta yang hebat itu anda gunakan bukan untuk anda gunakannya sebagai kereta tetapi kepuasan nafsu diri apabila orang melihat anda hebat kerana memilikinya. Sama juga isu macam orang kaya kahwin artis, bolehlah rasa bangga berkokok bak ayam jantan. Jalan juga sudah jadi mendabik dada. Adakah kita beli kereta untuk diri kita atau untuk pandangan orang lain?
Itulah nafsu sebenarnya. Saya sering berpesan dalam siri ceramah saya, jika anda mampu beli BMW cukuplah hanya dengan Proton Waja, Jika mampukan Ferrari cukuplah hanya anda beli Mercedes.
Saya setuju kalau nak turunkan harga kereta. Woww...siapa yang taknak kan? Tapi jika nafsu tidak dididik, harini anda terpaksa bayar RM1000 sebulan untuk sebuah kereta keluarga, nanti jika harga dah turun, berapa ramaikah antara anda yang akan beli kereta keluarga pada kadar bayaran bulanan RM500? Atau anda akan upgrade kereta anda dan kekalkan bayaran balik RM1000 sebulan.
Soal harga kereta boleh turun saya yakin ada pihak dah buat kajian tentangnya. Itu kita serah pada mereka, pasti mereka bijak dalam urusan itu. Sekarang soalnya pada diri kita sendiri BAGAIMANA?
SAIFUL NANG Orang Fakir
p/s SHARE jika rasa berfaedah.
---------------------------------------------------------------
As I am not a 'car' lover but prefer a bike ... I have no worry of driving a 'cheap' car. Even now, I m still riding my second-hand kap-chai. I view cars as a mode of transportation, to bring me from point A to point B, safely. If I could, I will ship my Kancil from Sabah, but as my two kids growing, the NEEDs of having a larger car is there ... and I bought my basic Proton 3 years ago. Taken 4 years loan, paying RM600 per month for the car ... it is a heavy hire-purchase item. Besides transportation ... most of us have to pay for monthly housing loans(or rentals) ... and food. These are three most basic of our needs.
Let us discuss on transportation. As I bought a place nearing to my office(about 5km), I do travel in a bike, to beat the jam and also much cheaper mode of transportation. More and more people opting to ride bike to work due to the hassle of jams, parkings, cost of tolls and petrol. But the risk is there as our roads are not really bike-friendly. If I could, I would love to cycle to office, but that is like ...inviting danger to our lives in daily basis. ouch. Our transportation system in Klang Valley is bad ... the buses and commuters could not be reached in many area, the LRT is not cheap, either. Driving is still the best choice for many of us, who do not wish to risk riding a bike.
Assuming our average wage/income is RM4,000 and to drive a 'better' car than Proton might cost us more RM1k easily. Then, we do need to think of the tolls ... it is costing me RM100 per month, with parking in malls or places. Petrol is about RM200 for me. So, for me ... the so-called cheap car costing me RM1000 per month. Those driving a so-called better imported cars need to cough up much more. And if u need to travel further than to offices, in daily basis ... driving do takes our TIME and MONEY. It is never cheap to drive a car in Klang Valley.
Now ... as driving a car is a neccesity, some prefer to buy more expensive cars ... well, more to fill their ego(pride? face?) ... but those financial savvy ones will think twice before paying more for a 'better' car. If our salary is only RM4, we couold not afford more than RM50k cars. That is my opinion ... and I could say, I could only afford a Proton ... and comfortable with it. Remember, the car need maintanince too ... the tear-n-wear. Well, it is always our own choice. Some won't mind driving a 'cheap' car ... but some will feel shy to drive a second-hand cheap car.
If we are spending RM1k for a car(for transportation purposes, not for showing off?), then with our RM4k salary it takes 25% of our income. If we are going to pay another 25% for house's instalment ... we are only left with RM2k for everything else. Utilities bills ... Astro, Unifi, Handphone, Electricity, Water, Indah Water ... that is like? Food ... and we are in tight situation ... financially. Trying to save RM400(10%) could be difficult.
Anyway ... everyone is feeling the pinch driving a car. Well, I m not sure if PKR will bring down the prices of the cars. Otherwise, we are so used to live with it. The jam ... the letters from bank reminding us about our instalments ... the back-dated utility-bills ... that is the squeeze in many of us under-paid employees, with the ever increasing cost of living.
Living below our means ... being simple and stay frugal. It is neccesary for me to be able to save 10% monthly, and to grow our saving in investing.
I posted a 2.0 cars before ... and for me to drive a Honda Accord, for example ... I must be financially free ... without worry of education for kids, without need to work so hard ... to meet ends.
I do hope our gov (BN or PKR) could consider an averagely low income bracket rakyat ... and reduce the prices of cars, petrol ... or abolish the tolls. That could help us a little.
Reflecting on what 'saiful', an odinary Malaysian words ... it is a need, not a want.
TEH
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Discussions
Be the first to like this. Showing 31 of 31 comments
this Hustle so smart.......must be one of his method to avoid the taxes.....
2013-03-28 17:08
he talk cars few times liao, not boring one meh ? but at least got some improvement liao beside kapchai, kancil and proton, he got some temptation to drive Accord liao hahaha. no need to hint la no one will stop you one la.. no need pretend poor la. Haha
2013-03-28 19:41
I hope next time he can write something bout airplane or ship, other means of transportation.
2013-03-28 19:50
aiya, forgot tim... Klci 1700 ? he asked.. hope all the experts and sifu in this forum dont mind I help to answer him huh.. teacher, serious la.. dont know la.. but share market is a channel of distributing wealth... watch out huayang, kfima, Cbi, Maybank, TM, ytlpower, bjtoto and bla bla, include in ur stock watch huh.
2013-03-28 20:17
Shirley1, aiyo u must be fascinated with Teh, where he goes u r there to comment. The heart ponders and longs for him?
2013-03-28 20:53
He got an unique idiot character... come on my kids want to study at the college he teach, I need to know how the teachers there la, see if got standard. Nowadays kids choose college too cuz of their friends
2013-03-28 21:00
Sorry, i dont know what is that. you know anything bout taylor college, got standard?
2013-03-28 21:29
The most expensive is Taylor's uni college. Whether is good or not, difficult to say.
2013-03-28 21:45
But the ambient is like shopping complex with Starbucks cos you spend big bucks for your kid's education.
2013-03-28 21:46
Hello Mr Teh , you talk nonsense all the time but still many gullible readers think he makes sense he is humble he good .. want to help .... all con la... he is just trying to fish you all only... pls dont be fool...
You will read very soon... my group bought this bought that.. we sold this & that for quick profit... shared with the group how Sendai Adventa moves... please go to website & check...
Just wait.. you'll read it soon... old tricks la Mr Teh
29/03/2013 11:38
2013-03-29 11:40
haha I believe you I believe you.. I think maybe kena complain by his paying customers, he is negative on market cuz of election recently, however the market took him by surprise so of course he need to have different story line to cover his mistakes, otherwise how to convince .. well, if he think is risky should continue la and convince his students la, meanwhile his paying students continue paying him with no activities la.. not a man la. but in financial planning, I think he is doing the right thing la, creating an annuity .. constant cashflow ... is financial planning also a cashflow game or not, i think he know this, but got tell ppl how to do or not. hahaha.
2013-03-30 11:16
This is just what i think only la, beside blaming or criticising our surrondings, sometime we need to sit down and think of ourself first la, if someone think his salary every year going to around 5% increment only huh, sit down there and think hard, why should we work hard ? for satistisfaction or passion ? so, teacher teaching dream big huh and our country will progress fast huh just sit there and talk huh.. my dear teacher...
2013-03-30 11:46
okok.. i know i know some of you dont like i keep doing this and prefer to treat him invisible and transparent, but i cannot tahan la.. sorry sorry guys..
2013-03-30 11:59
frugal frugal, don't buy expensive fish when go market, eat cheap food, apple is good, bicycle to work, expect kacang putih increment, give more, do more charity and bla bla ... jus find ways to cut cost, and then use the peanut savings to invest and learn, maybe attend some course, haha, seriously, someone positive will think this the best ways to achieve dreams ? but maybe he never tell you he got better ways to do better.. maybe his trade secret.. haha. what a caring society we have.
2013-03-30 18:36
Continue huh.. only my view huh, hahaha, you are smart yet stupid, you do it intentionally or unintentionally I don't know, if you do it unintentionally maybe there is a devil inside you which you think is an angel.
you claimed you are a novice, yet you talk like you know stock market well to teach ppl how to win money or not lose money, don't know what nonsense you talk la, talking bout what huh, ignorant punters or newbies, unfortunately luck not at ur side recently, and you look more like a fortune teller now and maybe sometime gambler.. want to use how much to win 1 million huh, still remember huh... is ok la, we are not perfect.. don't worry still not 10 years yet.. things said already dont simply withdraw huh, otherwise ppl say you cheating one..
2013-03-30 21:13
okok ... teaching and sharing is definitely a good things. I see quite some sincere readers doing it here, at least we see they support it with some facts and numbers. they maintain their stance one. For you, hahaha..
Then you expect ppl to join you to learn together, you claimed you a novice maybe when they lose money you don't feel so guilty, just a novice mah... the best part is look like you trying to convince them to pay you some fees.. hahaha.. lagi best you try to brainwash them, this learning will take some time, to do this maybe you join one of my group.. Hahaha. of course not saying you cannot cari makan la... jus speculate huh, if 1 person 20rm, 10 person is 200rm, 100 person is 2000rm, 1000 person is 20000rm and bla bla.. maybe tax free some more.. you should teach ppl how to make money like that la.. then create more groups with diff rate.. u ask ppl to think think and u use ur backside to think
2013-03-30 22:01
tell you la, early early the time like last year wen I join this forum, wah see this guy write got scare scare a bit, talk like got a group traders working for him, like dont know control how many percent of the klse trading one.. the more I read .. ohh just an idiot maybe treating his paying customers as his traders.. and call him a leader
2013-03-30 22:16
hahahaha.... Shirley... good la you see what I see.. well maybe there are few of us here who really knows the how Mr Teh works actually.
2013-03-31 12:25
I think in financial planning, maybe this guy is doing the rite things, we cannot overspend cuz me too a wage earner, not all makan gaji one that bad like what he talk one la, but i think huh he emphasize is more on frugal frugal, cut cost and bla bla.. look to me more like penny wise dollar foolish. is it against the book theory for us to find more income like what he does, work harder like a cow.
He said he also believe in FA, say one company la, emphasize on cut cost to maintain profits, and never put emphasize on how to increase revenue, will you invest in this company ? some will guess slow slow this company will go holland or not ? is running a family is like running a company.. like u the CEO la, then you know what the company will do or not, cannot give so high increment lo, cut allowance, don't give bonus, reduce staff so that more ppl can work like cow and bla bla, and nonsense like we need to cut cost to remain competitive, surprisingly some top ppl still getting good pay one.. you think they will cut their fees charged ? hahaha
well, if someone is sincere or positive, as a teacher, i think la, he should educate ppl to open up their mind for more options.. not like oh you are ignorant punters or newbie, you are novice, come join me for sure you will make money like a turtle, and everything also we must criticize, when ppl said otherwise, they are not positive, stay away from them or eliminate them, maybe say they are just dog barking .. haha
2013-03-31 14:21
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Hustle
That's why we have to think big how to list a company?
Although we don't need all the fancy type of house,car or luxurious expenses but is not guilty to own it right?
Use your own money to own luxuries stuff we call it slave,use the slave money to own it we call it genius :)
2013-03-28 15:52