tag:blogger.com,1999:blog-37872616.post842305572058673347..comments2024-03-29T17:14:25.039+08:00Comments on BULLy the BEAR: What's good about owning a car?la papillionhttp://www.blogger.com/profile/01372278083694506953noreply@blogger.comBlogger22125tag:blogger.com,1999:blog-37872616.post-1434930869871724642014-04-07T20:16:03.692+08:002014-04-07T20:16:03.692+08:00+1 Thumbs up for all the comments.
Helped me appre...+1 Thumbs up for all the comments.<br />Helped me appreciate life in broader way.<br />(I'm one of those who are on the conservative side who needs the advice)<br />Cheers.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-37872616.post-12934711583721205372014-04-03T02:55:03.479+08:002014-04-03T02:55:03.479+08:00This comment has been removed by a blog administrator.Max Weismannhttps://www.blogger.com/profile/02742941008674215644noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-55732558670952915852014-04-02T13:55:13.936+08:002014-04-02T13:55:13.936+08:00Hi Patty,
I like the way you phrase it. Indeed, w...Hi Patty,<br /><br />I like the way you phrase it. Indeed, we're never going to get out of this game alive, so don't have to be so uptight. Hedge against your own retirement.la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-15267763249060506502014-04-02T08:25:38.119+08:002014-04-02T08:25:38.119+08:00On a long enough timeline, the survival rate for e...On a long enough timeline, the survival rate for everyone falls to zero. When I realized my life is already ending one minute at a time, I started drawing proportionately what's coming for me at the end of it. <br /><br />A car is part of my retirement plan. I am living that plan now. Patrick T.https://www.blogger.com/profile/16937156072950729740noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-17176384911285340022014-04-01T17:53:08.334+08:002014-04-01T17:53:08.334+08:00Hi Matt,
I'm sorry to hear that.
I think som...Hi Matt,<br /><br />I'm sorry to hear that.<br /><br />I think sometimes we just have to close our eyes and have faith and we can navigate our way through whatever challenges that may come. It's a mindset of scarcity that we need to have it before we can enjoy it. This is a mindset borne out of fear.<br /><br />I must say it's kind of hard wired in me, but I'm trying to change that. I think some financial bloggers are still not passed that stage yet. Perhaps time will change that.la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-45595523624340887682014-04-01T17:50:57.180+08:002014-04-01T17:50:57.180+08:00Hi JW,
You're right. I've to say that in ...Hi JW,<br /><br />You're right. I've to say that in the past, I would really order something cheaper but more unhealthy, just to save like, 50 cts or 1 dollar. It came at the time that I was a vegetarian, and there's a stall that sells vegetarian food at $2 per plate. You know how chinese vegetarian good is like, full of gluten and very oily. Can't imagine I ate that for close to a year - it's not worth it. There's a lot of healthier but more expensive choices for vegetarian food but I guess I did that because it's cheap.<br /><br />What's the point of saving all the money so that next time you'll pay for the medical fees instead? la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-70429682506624758142014-04-01T16:02:43.029+08:002014-04-01T16:02:43.029+08:00LP,
Unfortunately, my SIL succumbed to cancer 2 y...LP,<br /><br />Unfortunately, my SIL succumbed to cancer 2 years go at a young age of 62, even before she can start collecting her CPF minimum sum.<br /><br />I am not a religious person but I cannot help but think there is some truth in the saying, " Man proposes and God disposes."<br /><br />Looking back, my wife teased me about how I used to stand in front of a rack of products at the supermarket trying to calculate which one would give better value among the products. I still do nowadays only that I pay more attention to the ingredients used rather than the price alone. Healthier products would cost more and I would gladly pay for them.<br /><br />Save and plan aggressively for your retirement by all means but please remember to stop and smell the roses once in a while. Some opportunities and occasions won't come around a second time, such as spending more time with our parents. This applies too to the blogger SMOL mentioned about getting married once he is financially free. When you are ready, others may not be available anymore.<br /><br />Live life without regrets when looking back later about what could have been. We may not live to enjoy the retirement we planned so well.Matthttps://www.blogger.com/profile/11468603013053235128noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-5925370234085005422014-04-01T14:29:46.169+08:002014-04-01T14:29:46.169+08:00Hi LP,
Agree with you there, definitely better to...Hi LP,<br /><br />Agree with you there, definitely better to live life with a little restraint first before letting go and live a little.<br /><br />I think end of the day its all about value. I rather go for that tailor made suit which fits better and have better fabric at half the price of a Zegna.<br /><br />Another thing that irks me majorly is bad eating habits for the sake of saving money. That will bite you in the a$$ after a 10 - 20 year period.<br /><br />Then again, different strokes for different folks...<br /><br />JWAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-37872616.post-55263507962658091972014-04-01T12:09:35.129+08:002014-04-01T12:09:35.129+08:00Hi JW,
Indeed indeed..if you have read my post ju...Hi JW,<br /><br />Indeed indeed..if you have read my post just a few years earlier, you'll see that I am quite a different person today. Much more balanced, much more happy. <br /><br />I wonder if it's better to live a life of restrain first, then let go and live life a little, or to live life splendidly, then live a life of restrain. Hmm...I think the former might be easier to handle lolla papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-58880215890524133142014-04-01T12:07:22.786+08:002014-04-01T12:07:22.786+08:00Hi Matt,
I hope your SIL is okay now.
I agree wi...Hi Matt,<br /><br />I hope your SIL is okay now.<br /><br />I agree with you that money that you do not spend do not belong to you. This is not a statement to encourage everyone to start spending every cent they have, but rather an statement to ask people to look beyond their spreadsheet and balance sheets and look at the important issues in life. It'll be quite sad if life just boils down to dollars and cents, isn't it?<br /><br />Thanks for sharing, Matt.la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-31826965846293741232014-04-01T11:12:14.400+08:002014-04-01T11:12:14.400+08:00Hi LP,
Its great seeing how you have change over ...Hi LP,<br /><br />Its great seeing how you have change over the years, from MUST SAVE 50K a year to now, a more balance individual.<br /><br />Couldn't have say the above points better myself, cheers.<br /><br />JW Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-37872616.post-22333519717105359102014-04-01T10:06:00.702+08:002014-04-01T10:06:00.702+08:00LP,
Some things in life cannot be measured by mon...LP,<br /><br />Some things in life cannot be measured by money alone and are priceless.<br /><br />Seven years ago when my SIL was suffering from cancer, my wife decided to stop work to help her with the treatment, which took close to 6 months and the recuperation was another 6 months with regular check-ups.<br /><br />We discussed about my wife stopping work and I told her sine we had finished paying for our house, I did not need her to earn more money to help with our retirement plans. Under normal circumstances, I would not have bought her a car. (She was driving a company car when she was working.) But the situation was different and I bought her a brand new Altis for $58k then. The car help her to ferry my SIL for her treatments at SGH.<br /><br />How do you put a price on such a situation? I just want to leave everyone with a statement that we can think about :<br /><br />"Money you do not spend does not belong to you."Matthttps://www.blogger.com/profile/11468603013053235128noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-26912812189024311422014-03-31T22:47:29.934+08:002014-03-31T22:47:29.934+08:00Hi silly investor,
Ah, so the intangible benefits...Hi silly investor,<br /><br />Ah, so the intangible benefits far outweigh the tangible cost.<br /><br />You know, when I was still deciding on whether to get a car, I was purely deciding on just the cost. I realised I was very narrow minded. Guess what, even my wife was against it because I would be spending a lot more money, and she's not even remotely interested in any financial matters (I'm the one who usually stops her from spending). After reassuring her and even promising to foot the entire cost myself if she can't handle the cost, she agreed. <br /><br />Now she drives most of the time...zzzz, lol<br /><br />But you're right, certainly things are priceless. You can't just put a cost to everything.<br />la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-19218367227663609892014-03-31T22:43:01.873+08:002014-03-31T22:43:01.873+08:00Hi B,
Though I used the example of a car in this ...Hi B,<br /><br />Though I used the example of a car in this post, I really meant it generally. It can also equally apply to anything. My advice for people to live life a little is also not for everyone, it's meant for financial bloggers, or more generally, people who are more conservative and already have the culture and good financial habits. For these group of people, who are usually very tight about money, it's good to let go and experience life. For those who are struggling to save even 10% of their salary, this is of course not suitable advice. And I'm not addressing them in this post.<br /><br />Though generally, I think if people can make more money by buying a car, they should still get it. Ultimately to me, a car should be used like a money generating asset lol<br /><br />Ooops, still can't get away from dollars and cents, sigh.. lolla papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-21702610800294085882014-03-31T22:35:08.072+08:002014-03-31T22:35:08.072+08:00Hi SMOL,
I fully agree. I think being financially...Hi SMOL,<br /><br />I fully agree. I think being financially free means not to worry about money. But I think it's not at the cost of everything. It's about having the life you want (more or less) and yet able to afford it. When I'm single and a loner, I also saved a lot a lot of money, but I wasn't happy at all, so you're right that what good is money if there's nobody to share it with.la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-31243609566849839122014-03-31T22:33:05.652+08:002014-03-31T22:33:05.652+08:00Hi Snoopy168,
Haha, I didn't know all types o...Hi Snoopy168,<br /><br />Haha, I didn't know all types of cars will be a babe magnet..Maybe only the flashier type? Makes me think if the babe likes such things, will they be good wife material? Haha :)la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-23206857413337001962014-03-31T22:32:09.664+08:002014-03-31T22:32:09.664+08:00Hi Derek,
Yes! Ferrying loved ones around is some...Hi Derek,<br /><br />Yes! Ferrying loved ones around is something that having a car can provide. I like the way you said it, "Just spend within your means and all will be fine" :)la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-6117983256147648102014-03-31T22:31:24.899+08:002014-03-31T22:31:24.899+08:00Cars is definitely ex. But u have to understand u ...Cars is definitely ex. But u have to understand u have to spend on transport even if u have no car, and your wife too. That is about 200 dollars. If u Take a cab on and off to reward yourself 2-3 times a week, including weekends. U could easily hit 400-500dollars. U have cover running costs.<br /><br />I need to get up very early for my work, I dun like to work late into the night, so I start work earlier. I usually leave home before 6, and sometimes at 540. There is no bus yet. <br /><br />Because I have a car, I can get bf at my favorite hawker near my workplace and still get to work by 630. <br /><br />When my kid is young, I need not worry about crowd, I can stripped him up safely. Priceless. <br /><br />He is bigger now, so the case for car is weaker, but u have weaker parents now too. Easier to cope with shuttling workplace and clinic check ups for parents.<br /><br /> Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-37872616.post-86793317582655942142014-03-31T21:55:39.896+08:002014-03-31T21:55:39.896+08:00Hi LP
I think it goes both sides. We all already ...Hi LP<br /><br />I think it goes both sides. We all already know the bad sides of owning a car but I think in your case it suits you more because of your work situation of having to travel to the students place. Assuming it takes a direct bus for someone to reach his or her work place, does the full logic still applies? <br /><br />I think it is right to say that one should live life a little bit while pursuing financial freedom but the fact is most people cannot afford to spend 1k a month. Bhttps://www.blogger.com/profile/09041255778427742477noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-76444484417681110222014-03-31T21:52:13.509+08:002014-03-31T21:52:13.509+08:00LP,
I feel sorry for one financial blogger that r...LP,<br /><br />I feel sorry for one financial blogger that recommended not having a girlfriend and marry only when we are financially free...<br /><br />Talk about extreme single-minded focus on money goals!!!???<br /><br />What good is money if we have no one to share it with?<br /><br />Live alone, eat alone sure save a lot of money one! <br /><br />Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-1111697821062148012014-03-31T21:28:34.383+08:002014-03-31T21:28:34.383+08:00Natural babe magnet too. if you are still single. ...Natural babe magnet too. if you are still single. Missed driving all over and those long drives to malaysiaSnOOpy168https://www.blogger.com/profile/16073641443037165395noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-69412104485351922132014-03-31T21:13:51.305+08:002014-03-31T21:13:51.305+08:00Hi LP,
One more reason to add is to be able to fe...Hi LP,<br /><br />One more reason to add is to be able to ferry my parents around, more so as they get older. I would still love to bring them to nice makan places, sight seeing etc and having my own wheels will make it more convenient. The same can be said if your other half gets pregnant. ;)<br /><br />What's financial freedom without being able to spend? Just spend within your means and all will be fine.<br /><br />Cheers!<br />DerekDerekhttp://thefinance.sgnoreply@blogger.com