RadX Moderator February 4, 2014 Share February 4, 2014 All not rich like t2 la How come no full cash yo? ↡ Advertisement Link to post Share on other sites More sharing options...
Blackyv Turbocharged February 4, 2014 Share February 4, 2014 Where is the watch?.. Hehehe Link to post Share on other sites More sharing options...
RadX Moderator February 4, 2014 Author Share February 4, 2014 Where is the watch?.. Hehehe i no wear watch...no $$$. To tell time, i see the sun..... 1 Link to post Share on other sites More sharing options...
Columbian78 6th Gear February 4, 2014 Share February 4, 2014 My thinking, rich people are smart and are good at making their money works for them (which makes them rich in the first place). If the effective loan interest is 5 percent for their $500k hard cash and they can easily make a higher return rate than this, it makes sense to take the loan. I tend to believe most rich people are not wasteful people. Link to post Share on other sites More sharing options...
Qpik Supercharged February 4, 2014 Share February 4, 2014 rich pple like u also go hawker centre so why r u surprise to find them taking loan?? there r rich n there r humbly rich. difference lies in how many can achieve the latter? 1 Link to post Share on other sites More sharing options...
Freestylers09 5th Gear February 4, 2014 Share February 4, 2014 if a ferrari base on 1m 1m yearly yield dividend average this ferrari about 50% free liao deduct omv etc next time sell, maybe nid pay 40% why pay full?lol Link to post Share on other sites More sharing options...
RadX Moderator February 4, 2014 Author Share February 4, 2014 rich pple like u also go hawker centre so why r u surprise to find them taking loan?? there r rich n there r humbly rich. difference lies in how many can achieve the latter? pls hor...i whr got rich???? Link to post Share on other sites More sharing options...
D3badge 6th Gear February 4, 2014 Share February 4, 2014 All not rich like t2 la How come no full cash yo? Radx if you know how to take loan take out the old chinese myth loan "owe $$ no good" you might be 5x richer than you are today you can see rich people with more than $100mm AUM in bank also take home loan for less then $10mm or car loan cause they know the power of leveraging using their $$$ to make more $$$ Link to post Share on other sites More sharing options...
RadX Moderator February 4, 2014 Author Share February 4, 2014 Radx if you know how to take loan take out the old chinese myth loan "owe $$ no good" you might be 5x richer than you are today you can see rich people with more than $100mm AUM in bank also take home loan for less then $10mm or car loan cause they know the power of leveraging using their $$$ to make more $$$ lol...kidding lah...of course i do know the benefits of taking loan, and has been discussed ad nauseum here. Just having fun wif our 'pay full' friend. He has his valuable merits though in his principles and has been a boon here for the many who have asked this 'holy grail' qn time and again, 'shd i take loan anot?' So to my dear cigar smoker....dun flame me hor....i on your side...kekekek Link to post Share on other sites More sharing options...
Wt_know Supersonic February 4, 2014 Share February 4, 2014 (edited) so got felali or rambo firesale bo? hearsay t2 looking for "sport car" ... no loan no problem ... hehe Edited February 4, 2014 by Wt_know 1 Link to post Share on other sites More sharing options...
Friendstar Supercharged February 4, 2014 Share February 4, 2014 I feel that the rich can still easily afford such cars. but they are just unhappy and imbalance in the mind to pay such high arf taxes suddenly and need time to adjust Link to post Share on other sites More sharing options...
Gadgeter 2nd Gear February 5, 2014 Share February 5, 2014 i no wear watch...no $$$. To tell time, i see the sun..... Come come. I give u Mickey Mouse watch. Link to post Share on other sites More sharing options...
RadX Moderator February 5, 2014 Author Share February 5, 2014 Come come. I give u Mickey Mouse watch. lol....how u man? which hole u come out from??? happy horse yr hor. Link to post Share on other sites More sharing options...
Hamburger Hypersonic February 5, 2014 Share February 5, 2014 buy cash and be invited to lim kopi?? Better borrow... Link to post Share on other sites More sharing options...
Watwheels Supersonic February 5, 2014 Share February 5, 2014 I think the main reason behind is that most owners of these cars hardly keep the car for long. 1-2 years after purchase they sell. With everything set higher so is the depreciation especially for the first owner. I think most just sit back and wait for used car to appear in the market. Less money upfront and lesser depreciation. Link to post Share on other sites More sharing options...
Adrianli Hypersonic February 5, 2014 Share February 5, 2014 I was reading this article yesterday on the new paper abt the No Signboard founder. Then came across these quotes from the grandson who is now the owner of No Signboard : As you walk into his house compound, a bungalow with an expansive garden in the eastern part of Singapore, you are greeted by three luxury cars - an Aston Martin DBS, a Rolls-Royce Ghost and a Lambor- ghini, a limited-edition $1.58- million LP670 - all less than two years old. . . . . The business-savvy Mr Lim adds that the bungalow is also an investment - if and when the company is hit by hard times, he says he can re-finance the home to generate funds. The same goes for the luxury cars - he will sell them if necessary. The cars wouldnt depreciate meh??? Source : http://www.straitstimes.com/breaking-news/singapore/story/grandmother-was-creator-no-signboard-seafoods-famed-white-pepper-crab- Link to post Share on other sites More sharing options...
SuPerBoRed Twincharged February 5, 2014 Share February 5, 2014 All not rich like t2 la How come no full cash yo? from what i know there are existing savings/insurance plans with 10y maturity paying effective interest rate of 2.6~3%... at the old bank loan rates of 1.88%.. It does make sense to borrow since its lock in nett profit which increases linearly with increased principle.. Link to post Share on other sites More sharing options...
Ender Hypersonic February 5, 2014 Share February 5, 2014 Rich people help the car salesman to earn extra from bank loan commission. ↡ Advertisement Link to post Share on other sites More sharing options...
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