tag:blogger.com,1999:blog-6092311610759487605.post6128570867861120507..comments2023-10-30T22:07:56.600+08:00Comments on SG Budget Babe: Ditching the Car Can Make You A Multi-MillionaireUnknownnoreply@blogger.comBlogger30125tag:blogger.com,1999:blog-6092311610759487605.post-80666574758349648552016-11-03T01:00:27.266+08:002016-11-03T01:00:27.266+08:00Hello Everybody,
My name is Mrs Sharon Sim. I live...Hello Everybody,<br />My name is Mrs Sharon Sim. I live in Singapore and i am a happy woman today? and i told my self that any lender that rescue my family from our poor situation, i will refer any person that is looking for loan to him, he gave me happiness to me and my family, i was in need of a loan of S$250,000.00 to start my life all over as i am a single mother with 3 kids I met this honest and GOD fearing man loan lender that help me with a loan of S$250,000.00 SG. Dollar, he is a GOD fearing man, if you are in need of loan and you will pay back the loan please contact him tell him that is Mrs Sharon, that refer you to him. contact Dr Purva Pius,via email:(urgentloan22@gmail.com) Thank you.<br /><br />BORROWERS APPLICATION DETAILS<br /><br /><br />1. Name Of Applicant in Full:……..<br />2. Telephone Numbers:……….<br />3. Address and Location:…….<br />4. Amount in request………..<br />5. Repayment Period:………..<br />6. Purpose Of Loan………….<br />7. country…………………<br />8. phone…………………..<br />9. occupation………………<br />10.age/sex…………………<br />11.Monthly Income…………..<br />12.Email……………..<br /><br />Regards.<br />Managements<br />Email Kindly Contact: urgentloan22@gmail.com<br />Dr Purva Piushttps://www.blogger.com/profile/05883980841903455890noreply@blogger.comtag:blogger.com,1999:blog-6092311610759487605.post-87906488150653489592016-05-24T17:47:54.789+08:002016-05-24T17:47:54.789+08:00I never really thought about the hidden costs of o...I never really thought about the hidden costs of owning a car. When I read a post like yours that breaks everything down, it is really amazing. Of course, some people may not have a choice if they live in a rural area that does not have access to public transportation.<br /><br /><a href="http://vivachryslerdodgejeep.blogspot.com/2016/04/the-2016-dodge-charger-around-las.html" rel="nofollow">Cedrick @ Viva Chrysler Dodge Jeep</a>Cedrickhttps://www.blogger.com/profile/15335201930118964433noreply@blogger.comtag:blogger.com,1999:blog-6092311610759487605.post-57262700817779380142016-03-31T15:01:29.295+08:002016-03-31T15:01:29.295+08:00It really is amazing to see what a car can do but ...It really is amazing to see what a car can do but when you look at the expenses that you have to carry it really shows you that it is not worth much in the end. Unless you make a living from driving then there really is no real need for it. You are better off cycling or walking, thanks.<br /><br /><a href="http://jackyjonescleveland.blogspot.com/2016/03/2016-ram-1500-near-gainesville-ga.html" rel="nofollow">Freddy @ Jacky Jones Chrysler Dodge Jeep Ram</a>Freddyhttps://www.blogger.com/profile/02300529393075329369noreply@blogger.comtag:blogger.com,1999:blog-6092311610759487605.post-79824494791603496002016-02-01T11:54:07.307+08:002016-02-01T11:54:07.307+08:00This is a very insightful article. I actually felt...This is a very insightful article. I actually felt that I needed a car to become a multi-millionaire, but after I got one, I saw the bills stacking up quick. It may be my fault for buying an older car with lots of mechanical issues, but when I got it, I did not realize how much all this stuff adds up!<br /><br /><a href="https://ethicaprivatewealth.wordpress.com/2015/12/09/how-to-choose-and-work-with-a-mortgage-broker-in-the-sunshine-coast/" rel="nofollow">Henry Hansen @ Ethica Private Wealth Specialists</a>Henry Hansenhttps://www.blogger.com/profile/06599955054146736992noreply@blogger.comtag:blogger.com,1999:blog-6092311610759487605.post-69572424401036816632015-09-29T18:00:09.211+08:002015-09-29T18:00:09.211+08:00Thanks for this great post, i find it very interes...Thanks for this great post, i find it very interesting and very well thought out and put together. I look forward to reading your work in the future.<br /><a href="http://uplike.com/c/51d53d91e92175028701f229/car-motorcycle" rel="nofollow">cars</a><br />Ramihttps://www.blogger.com/profile/07457508773593154604noreply@blogger.comtag:blogger.com,1999:blog-6092311610759487605.post-75739866524797466442015-09-25T13:52:50.117+08:002015-09-25T13:52:50.117+08:00you sold their products at affordable price.
fiat...you sold their products at affordable price.<br /><br /><a href="http://www.mrclutch.com/exhausts/" rel="nofollow">fiat exhaust replacement</a> & <a href="http://www.mrclutch.com/citroen/" rel="nofollow">citroen service</a>Anonymoushttps://www.blogger.com/profile/10526122229062643255noreply@blogger.comtag:blogger.com,1999:blog-6092311610759487605.post-55111615161916127972015-07-15T23:41:35.529+08:002015-07-15T23:41:35.529+08:00Hi,
Agreed with you that 8% may be excessive as ...Hi, <br /><br />Agreed with you that 8% may be excessive as another reader pointed out to me as well, thus I've put another comparison at 5% below. Nonetheless, both figures are used to illustrate a simplified concept and should not be taken as a guaranteed fact.<br /><br />For point 3, LP above (in the comments) has actually a really good post balancing out this debate on the benefits of owning a car vs the cost. Feel free to check it out! Given that I don't personally own a car, so writing one on that angle would not be accurate at all. <br /><br />At the end of the day, owning a car is a personal choice. It's not one I would make, but everyone is free to make their own choices regarding purchasing a car!<br /><br />Cheers, <br />BBBudget Babehttps://www.blogger.com/profile/05940384920609566419noreply@blogger.comtag:blogger.com,1999:blog-6092311610759487605.post-48277607655893452992015-07-15T10:06:32.866+08:002015-07-15T10:06:32.866+08:00Hi Low Paul,
Where got. No need to go all the way ...Hi Low Paul,<br />Where got. No need to go all the way to NSH to clear your carbon. Just drive from Changi to Tuas at 95kmph and stay in a low gear 2nd or 3rd. Rev at least to 5,000 rpm and ignore the looks from the drivers around you.<br />Very safe.Tacomobhttps://www.blogger.com/profile/00984034091151711523noreply@blogger.comtag:blogger.com,1999:blog-6092311610759487605.post-80171468823811692412015-07-15T08:17:51.752+08:002015-07-15T08:17:51.752+08:00Hi Tacomob,
True. My technician told me to take it...Hi Tacomob,<br />True. My technician told me to take it to NSH at 110kmph to clear its "carbon" once a while.<br />but havent gone to msia in it. Safety first.<br />lolcookiehttps://www.blogger.com/profile/13479843455509178396noreply@blogger.comtag:blogger.com,1999:blog-6092311610759487605.post-22426571058964011672015-07-14T22:29:54.377+08:002015-07-14T22:29:54.377+08:00Hi Low Paul,
Nice ride. Just make sure you do driv...Hi Low Paul,<br />Nice ride. Just make sure you do drive your 90km/h off and on stuck in second gear. These kind of powerful German engines need to be revved on occasion to prolong their life.<br />I should know. I am a German as well. LolTacomobhttps://www.blogger.com/profile/00984034091151711523noreply@blogger.comtag:blogger.com,1999:blog-6092311610759487605.post-23496696130489734532015-07-14T22:26:26.044+08:002015-07-14T22:26:26.044+08:00Hi BB,
No, $333 a year was not all it cost. Of co...Hi BB,<br /><br />No, $333 a year was not all it cost. Of course the regular culprits did apply there as well such as road tax, insurance, a bit of fuel and oil (old cars tend to use up a bit more) and the occasional service done by a friend and paid for in beers. Nice currency that is, Lol<br /><br />I do consider myself lucky and I love to hear that people think I am smart - big grin<br /><br />By the way I am keeping my fingers crossed that Singapore is moving ahead to become one of the first countries to adopt autonomous cars in a big scale. Then car ownership would be really obsolete. One would only pay for the actual transport service from point A to point B sans the entertainment by the friendly taxi driver of course.<br /><br />I recently have written a post on that subject.<br /><br />BB, can I mention the link here? Not sure. Would I violate any etiquette?<br />Alamak, I just bluntly put the shortlink here:<br /><br />http://wp.me/p5fgD6-10R<br /><br />and people who are not interest in autonomous cars please just ignore it. And those who are, maybe it contains some valuable information for you. Tacomobhttps://www.blogger.com/profile/00984034091151711523noreply@blogger.comtag:blogger.com,1999:blog-6092311610759487605.post-75224635395624200612015-07-14T13:48:35.462+08:002015-07-14T13:48:35.462+08:00I don't really agree with your article on the ...I don't really agree with your article on the following :<br /><br />1. used cars have higher depreciation than new cars now. Sounds incredile, but it is true.<br /><br />2. the assumption of 8% per annum over 30years is excessive, STI is supposed to be how high?<br /><br />3. when you ascertain the costs of owning a car, do you balance it with the benefits associated with owning a car? <br /><br />Based on the above, and the choice of "headline", i think you can do a subsequent post arguing why anyone would want to own a car. theuserhttps://www.blogger.com/profile/04812026988884541727noreply@blogger.comtag:blogger.com,1999:blog-6092311610759487605.post-82406954811008235722015-07-14T11:36:45.320+08:002015-07-14T11:36:45.320+08:00I agree with tacomob partly.
personally i think la...I agree with tacomob partly.<br />personally i think lambo pors ferrari are only for show. How to drive a 500bhp car in spore properly without breaking rules?<br />I drive a s class daily. Its powerful no doubt. But i hardly go more than 90kmh on expressways.<br />i rather enjoy the comfort inside n take a longer route with a longer time than speed to my destination.cookiehttps://www.blogger.com/profile/13479843455509178396noreply@blogger.comtag:blogger.com,1999:blog-6092311610759487605.post-5319349120378713012015-07-14T11:27:29.070+08:002015-07-14T11:27:29.070+08:00Hi BB,
You are welcome.
Yeah, Musicwhiz comments...Hi BB,<br /><br />You are welcome.<br /><br />Yeah, Musicwhiz comments are certainly an eye-opener =)<br />Anonymoushttps://www.blogger.com/profile/07995034857380105354noreply@blogger.comtag:blogger.com,1999:blog-6092311610759487605.post-47562333255737509852015-07-14T11:23:41.922+08:002015-07-14T11:23:41.922+08:00Great post LP! Thanks for sharing the other side o...Great post LP! Thanks for sharing the other side of the issue from a very balanced perspective.<br /><br />I can't disagree with you, and I'm not completely against cars either. The main thing though, is that people should always factor in hidden costs before buying a car, instead of just looking at the price of the car + COE itself. Small things can add up to a lot.<br /><br />Saving on time is definitely valuable especially for your line of work! I take 1.5 hours one-way to travel to my student's house on weekends, so that's 3 hours lost easily. And another 3 hours each time I have to travel back to my university, which only takes 30 minutes via car / taxi. But at this moment, since I'm not earning a lot either, I don't think I can / should buy a car. I can afford to wake up a little earlier to take the public transport instead ;)Budget Babehttps://www.blogger.com/profile/05940384920609566419noreply@blogger.comtag:blogger.com,1999:blog-6092311610759487605.post-2088407608140941332015-07-14T11:23:33.299+08:002015-07-14T11:23:33.299+08:00We shouldn't confuse the usage of a car. It ca...We shouldn't confuse the usage of a car. It can be a good tool for making more money or high expenses for some convenience. Car can be convenient for passengers but not exactly attention free for driver.Createwealth8888https://www.blogger.com/profile/08563834016250153049noreply@blogger.comtag:blogger.com,1999:blog-6092311610759487605.post-91298467979557243022015-07-14T11:18:56.214+08:002015-07-14T11:18:56.214+08:00Hi again Tacomob!
1K for a car! Imagine that. I w...Hi again Tacomob!<br /><br />1K for a car! Imagine that. I wouldn't mind paying $333 a year for a car as long if that was all it cost :P<br /><br />24K profit in Singapore was also a super good deal. You must be really lucky, or smart, or both!<br /><br />Great advice there on buying used cars with the smallest engines. Thanks for sharing with everyone here!Budget Babehttps://www.blogger.com/profile/05940384920609566419noreply@blogger.comtag:blogger.com,1999:blog-6092311610759487605.post-85243368198365160112015-07-14T11:18:40.293+08:002015-07-14T11:18:40.293+08:00Hi BB,
I think I should give another side of it. ...Hi BB,<br /><br />I think I should give another side of it. Too many people are bashing cars because of financial costs. There are other reasons why there we should own a car, and I list some of the more important reasons here: http://bullythebear.blogspot.sg/2014/03/whats-good-about-owning-car.html#.VaR-A_mqpBc<br /><br />Money is essentially not the end point. Time is the most important resource here. I suppose all the financial freedom fighters wanted to save enough to earn enough passive income so that they hve the time to do what they wanted to do. For me, I do it concurrently. I probably save a lot of time with a car. With that time saved, I can squeeze in enough work to compensate for my usage and yet enjoy the fringe benefit of freedom of travel.<br /><br />I guess that shld give a balanced view of this car issue. la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-6092311610759487605.post-17451936925749993082015-07-14T11:16:51.655+08:002015-07-14T11:16:51.655+08:00Hi Terence,
Thanks for inspiring me to do this p...Hi Terence, <br /><br />Thanks for inspiring me to do this post! :) It's ok, we always make decisions that we regret when we're much older. <br /><br />Musicwhiz above has put it in a very nice way of computing the opportunity cost lost in total. Works out to be quite a sum 0.0Budget Babehttps://www.blogger.com/profile/05940384920609566419noreply@blogger.comtag:blogger.com,1999:blog-6092311610759487605.post-88127445554040259702015-07-14T11:15:38.788+08:002015-07-14T11:15:38.788+08:00Definitely agree with you that if one really has t...Definitely agree with you that if one really has to get a car, getting a used car is better (of course, always calculate if one can afford it first).<br /><br />The convenience is indisputable but then again, what will we pay for convenience?Budget Babehttps://www.blogger.com/profile/05940384920609566419noreply@blogger.comtag:blogger.com,1999:blog-6092311610759487605.post-90963066635145371362015-07-14T11:14:45.996+08:002015-07-14T11:14:45.996+08:00Oh dear, I wish you all the best Jimmy!
Not sure...Oh dear, I wish you all the best Jimmy! <br /><br />Not sure if this would work, but perhaps if your wife and daughters really want the car, you could try suggesting them to pay for it? And it could even be computed on a percentage division split i.e. if your eldest daughter uses it 40% of the time, she pays for 40% of the monthly expenses.<br /><br />Just a suggestion, you could try to see if making them feel the pinch would help?Budget Babehttps://www.blogger.com/profile/05940384920609566419noreply@blogger.comtag:blogger.com,1999:blog-6092311610759487605.post-59684643201769206212015-07-14T11:13:03.215+08:002015-07-14T11:13:03.215+08:00My dad scrapped our family car before I finished m...My dad scrapped our family car before I finished my PSLE...and taught me that public transport is always better, cheaper, easier (no need to look for parking lots!).Budget Babehttps://www.blogger.com/profile/05940384920609566419noreply@blogger.comtag:blogger.com,1999:blog-6092311610759487605.post-91135950061523954812015-07-14T11:12:10.991+08:002015-07-14T11:12:10.991+08:00I love that part about opportunity cost being $3.5...I love that part about opportunity cost being $3.5M! Budget Babehttps://www.blogger.com/profile/05940384920609566419noreply@blogger.comtag:blogger.com,1999:blog-6092311610759487605.post-79253088698337328962015-07-14T11:04:16.135+08:002015-07-14T11:04:16.135+08:00Hi BB,
I love your long-term comparison of "...Hi BB,<br /><br />I love your long-term comparison of "investing" in a car and investing in the stock market.<br /><br />The challenge is that we often only do have a short-term view, suffer from instant gratification and extreme discounting. We prefer a small but immediate payoff over a larger payoff down the road.<br /><br />We stumble on the difficulty our brains have placing us in the future with any degree of accuracy. Blame our ancestors for that who 'only' had to make decisions about immediate threats and rewards (fight or flight) to survive. That's why our brains are always quite happy to capitalize on an immediate reward.<br /><br />I am guilty as well having always owned cars since I turned 18. Although my first car was a real necessity (hardly any public transport), cost me about 1 K SGD and lasted me three years. This only works in Germany. Lol<br /><br />My third car I owned in Singapore was magic. I drove it for 2.5 years and sold it with a profit of 24 K SGD thanks to rising COEs. This is only possible in Singapore. Lol <br />But I doubt that I ever could repeat such a deal.<br /><br />Nowadays my cars are getting smaller. Who needs a huge engine theoretically propelling you from 0 to 100 in 6 seconds when the next traffic light is 5 seconds away? <br /><br />My five cents worth: When you really value the convenience of a car, go for a used one and choose the smallest engine size and then enjoy your privileges without envying those who drive those shiny new bug German cars.Tacomobhttps://www.blogger.com/profile/00984034091151711523noreply@blogger.comtag:blogger.com,1999:blog-6092311610759487605.post-6921015112404763182015-07-14T10:41:17.932+08:002015-07-14T10:41:17.932+08:00Hi BB,
Not sure why, but my comment mysteriously ...Hi BB,<br /><br />Not sure why, but my comment mysteriously disappeared after i click on "publish".<br /><br />Nonethless, honoured that my reply has inspired you.<br /><br />It's nothing wrong getting a car. But at the end of the day, it's always the "what i could do with the money spend on the car" that bugs me. And it still bugs me to today. =)<br /><br />Cheers!Anonymoushttps://www.blogger.com/profile/07995034857380105354noreply@blogger.com