" In average, most of us are less than three paychecks away from bankruptcy."
Example:
1. Your monthly salary is RM 4000. And your total expenses from liabilities monthly and yearly is RM 2000.
Your remaining is RM 2000.
It take 6 months with that remaining money monthly to get RM 12000.
(because your salary before is RM 4000 without subtracting all those expenses and savings)
RM 4000 x 3 months = RM 12000
RM 2000 (remaining) x 6 months = RM 12000
What I want tell you guys is that most of us are likely to spend high when their incomes are high.
So basically, high salary minus high expenses equals to indebted.
Most of us are and will be in this situation because of protecting their 'image' and 'status', by buying unneccessary wants (doodads). And not prioritizing their needs.
Eg. Expensive houses, cars, and etc which make them lured to a 10,20,30,40 or 100 years of debts!
Again, my question is.
"What are you looking for?"
"What are you trying to prove of?"
Example:
1. Your monthly salary is RM 4000. And your total expenses from liabilities monthly and yearly is RM 2000.
Your remaining is RM 2000.
It take 6 months with that remaining money monthly to get RM 12000.
(because your salary before is RM 4000 without subtracting all those expenses and savings)
RM 4000 x 3 months = RM 12000
RM 2000 (remaining) x 6 months = RM 12000
What I want tell you guys is that most of us are likely to spend high when their incomes are high.
So basically, high salary minus high expenses equals to indebted.
Most of us are and will be in this situation because of protecting their 'image' and 'status', by buying unneccessary wants (doodads). And not prioritizing their needs.
Eg. Expensive houses, cars, and etc which make them lured to a 10,20,30,40 or 100 years of debts!
Again, my question is.
"What are you looking for?"
"What are you trying to prove of?"
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