If this is my monthly salary would it be enough to buy a bnew car?

[leodawesome]

^ Plus security when you have a car. If I have that amount, I wont ride PUVs :D

But then again, walang basagan ng trip. Pera nya yun eh, kaya kung bahay ang gusto nyang investment, choice nya yun.

[victorevolution]

I also call BS. Napakahirap kumuha ng taxi kapag Friday night (actually kahit anong rush hour naman) and kung ganyan naman karami pera ko ano naman yung kumuha ng driver (assuming walang hilig magdrive) at sasakyan for the convenience. Malamang gastos yan, in the same way na gastos din kumain sa labas kaysa magluto sa bahay, pero you pay for convenience.

Ewan ko lang ah, wala pa ko namimeet na tunay na mayaman na hindi de-kotse, either by driver or self-driven.

And it doesnt make sense to be an office employee and have 50M floating around, unless bigay ni mommy and daddy. In which case, sana ininvest niya nalang sa negosyo. Kung businessman naman, imposibleng bahay to office lang byahe niya, so it makes a lot of sense to have a car.

as we say in law never assume, only hard facts, he is a high government official(not elected but with security of tenure under the civil service law) and yes some of the money but not all came from his parents as advance legitime some came from the business he sold

pangasar nga namin sa kanya dati sa bayan niiyo kayo lang ang kilalang mayaman ngayon dalawa na kayo, ikaw at si pacman natabunan ka pa- end of stor since it will be ot and baka makilala pa friend ko dito.

baka kung anong lupalop ng ewan pinupuntahan mo kaya hirap ka makakuha ng taxi, along roxas and moa lang kami plus sa makati pero parating may taxi, baka kung saan red light district ka nagpupunta pasensya ka na di pa ganun ka dumi isip namin para pumunta ng pegasus or kung saan man mahirap kumuha ng taxi

and for the sake of argument mas puno ang mga parking lots during said gimmick nights except kung irereserve ka ng parking ng establishment owner(as we always do) tapos malamang you had a beer or two tapos uuwi ka ng magdrdrive- NOW THIS IS BS ilalagay mo pa ang ibang tao sa peligro dahil sa katangahan mo and for your own selfish convenience

as i've said kung ayaw niya bumili ayaw niya pera naman niya yun hindi mo pera yun para pangunahan siya kung ano ang gusto niyang gawin

same with the ts, he asked a question and many members here answered it directly and gave some advice and better options in the end it is his money and he will spend it the way he wants to spend it
last reply balik na sa topic i will stop replying to a speculative nonsense remark

[jhnkvn]

a friend of mine has 50 milion PhP which is a liquid asset, hanggang ngayon di pa bumibili ng auto cause he know the liability of having one, as he has learned from me.

even if his gf and some of our friends kept trying of forcing him to buy one he still refused, he just bought a house near his office as in tapat lang ng office nila, pag lasing after gimmick get a cab

I will also call BS. Unlike places such as Hong Kong where travel by foot is convenient, we live in the Philippines where you won't even see a company executive taking the LRT. In fact, a car here is treated much like a class divider whereas in other countries, there's not much of an embarrassment in eating out in a karinderya while driving a Porsche.

Eh dito pagsinabi mo sa tao may 50m ka in liquid assets ano gusto mo? Kidnap for ransom? In the Philippines, the most expensive liability is peace of mind. Unfortunately, it's your life which is at stake so you have every reason to cough up. There's a reason why there are tons of private armies in the country.

Once you have enough money, you begin depreciating the liability with peace of mind and convenience. Because those two are valued more compared to a car. Especially that peace of mind part which may be in all forms of "peace" such as avoiding the incessant nagging of your partner.

From my perspective, looks like somebody is trying to evade the BIR radar.

[A121]

Or yung pangdown payment mo invest mo muna sa stocks/mutual funds. After a year or 2 kumita na yan plus yung maiipon mo, then buy the car with atleast 50% DP or better with cash. Yan ay kung car talaga gusto mo una bilin with your hard earned money. Pero if I were you, I'd buy a condo near my work muna. Investment before liabilities. :D

I don't think getting a studio-type/cheap condo would be a good "investment". I am comparing this because it is equivalent to the M.A. of subcompacts. Kasi in 5 years time, magkakaroon ka ng family and kids. Siguro if you are going to pay for your downpayment, do not empty your bank account. Magtira ka ng medyo marami.

And investing in stocks, just beware of so-called stock gurus. hehehe

[xninjax]

Hard to believe yung may 50M liquid cash pero walang sasakyan.. parang BS nga ang dating

Hindi ba niya alam i-invest yun?

Anyway TS, you earn more than 60% of tsikot members

[_Cathy_]

Hard to believe yung may 50M liquid cash pero walang sasakyan.. parang BS nga ang dating

Hindi ba niya alam i-invest yun?

Anyway TS, you earn more than 60% of tsikot members

What's the average salary nga ba for 20s or early 30s in Metro Manila? It depends a lot din kasi on the industry that the person belongs to.

[xninjax]

What's the average salary nga ba for 20s or early 30s in Metro Manila? It depends a lot din kasi on the industry that the person belongs to.

I think you answered your question.

May be TS can enlighten us on his age and industry

[_Qwerty_]

50M liquid cash walang car? pano yun nag taxi lang parati?? kahit may dalang pera?

[_Cathy_]

50M liquid cash walang car? pano yun nag taxi lang parati?? kahit may dalang pera?

If you've that much cash, then you must have more assets in other forms (properties etc). Isn't that a security risk not to have a car?

[d'flash]

a 20yr old+ employee earning 65k+? parang masyadong mataas ah, or baka managerial position agad ito.

[_Cathy_]

I am guessing he is around 28 or 29 based on his handle (if he was born 1984)

[jut703]

What's the average salary nga ba for 20s or early 30s in Metro Manila? It depends a lot din kasi on the industry that the person belongs to.

From my experience with what I heard from my batchmates, for fresh grads, average starting is around 15-50k basic

[_Cathy_]

From my experience with what I heard from my batchmates, for fresh grads, average starting is around 15-50k basic

50k basic, those are Management Engineering grads I suppose.

[manilamako]

a 20yr old+ employee earning 65k+? parang masyadong mataas ah, or baka managerial position agad ito.

Not that rare nowadays though especially if you come from a reputable school. Pero most of my batchmates, nagstart sa 20k nga. Onti onti umaakyat and after 4 years working na, yun iba fortunately nasa 40-50k na. Really depends on your field nga. If honors course naman natapos may mga sinwerteng nasa 90-100k na din although mga jumackpot na mga yun. And mid20s palang ang batch ko. Kung naging matalino lang ako hahaha. Ako, worked corporate for two years pero allowance based na ako ngayon haha pero no regrets. Just have to live within the budget your salary can provide.

[beni23]

as we say in law never assume, only hard facts, he is a high government official(not elected but with security of tenure under the civil service law) and yes some of the money but not all came from his parents as advance legitime some came from the business he sold

pangasar nga namin sa kanya dati sa bayan niiyo kayo lang ang kilalang mayaman ngayon dalawa na kayo, ikaw at si pacman natabunan ka pa- end of stor since it will be ot and baka makilala pa friend ko dito.

baka kung anong lupalop ng ewan pinupuntahan mo kaya hirap ka makakuha ng taxi, along roxas and moa lang kami plus sa makati pero parating may taxi, baka kung saan red light district ka nagpupunta pasensya ka na di pa ganun ka dumi isip namin para pumunta ng pegasus or kung saan man mahirap kumuha ng taxi

and for the sake of argument mas puno ang mga parking lots during said gimmick nights except kung irereserve ka ng parking ng establishment owner(as we always do) tapos malamang you had a beer or two tapos uuwi ka ng magdrdrive- NOW THIS IS BS ilalagay mo pa ang ibang tao sa peligro dahil sa katangahan mo and for your own selfish convenience

as i've said kung ayaw niya bumili ayaw niya pera naman niya yun hindi mo pera yun para pangunahan siya kung ano ang gusto niyang gawin

same with the ts, he asked a question and many members here answered it directly and gave some advice and better options in the end it is his money and he will spend it the way he wants to spend it
last reply balik na sa topic i will stop replying to a speculative nonsense remark

Bakit parang galit ka agad? Sabi mo never assume pero nagassume ka na kapag may kotse at gigimick eh magdidrink and drive na agad? Ako pag gumigimick di ako umiinom (di naman talaga ako palainom). Pwede namang makipagkwentuhan ka lang while they go have their drinks diba?

The implications of your reply were:
1. Never assume pero ikaw nagassume ka na nagpupunta siya sa kung saan saang red light district at nagdidrink and drive
2. Na mayaman yang kaibigan mo at pinagmamalaki mo siya
3. Pikon ka na agad at pinagtatanggol mo friend mo, ilang years na ba kayo niyan?

Peace.

[jhnkvn]

Just recently, a friend of mine from UP Accounting was offered 65k as base salary from HSBC. Then again, he's number two sa batch nila with only six of them graduating Summa Cum Laude.

But yep, normal fresh graduates get 15-50k. For top tier schools, it seems 20k is the basic salary nowadays. My generation is pretty much the generation of entitled kiddies -_-

[jut703]

True, every now and then someone lands a job that pays triple digit salaries. I'm not familiar with the others but the most prominent among our batch is McKinsey. Thing is, they only usually get 1 per year, and on some years they don't get any.

Among the current pool of people they're screening, only one's left in the running, a batchmate of mine who graduated Magna Cum Laude and won various international competitions.

Aside from the extreme rarity of these opportunities, what most people don't say is the stress that comes with it. Sure, you earn 150k a month, but you work til the wee hours of the morning and have to be ready with your reports by 8am. Not to mention that with such a lean company, you don't really get to enjoy any sort of company culture since there are less than a dozen of you in the office. Most people at McKinsey and other bigshot high-pay-high-demand firms have very high turnover rates (people leave in less than 5 years, at most).

Point is, it's a really competitive corporate world out there, and other intangibles can be just as important as pay. The grad speaker of UPD (summa, CBA valedictorian) this year chose to work with a firm because of its excellent culture, and though the pay's relatively high for a fresh grad, he could've chosen better offers but ultimately declined.

[jhnkvn]

I keep telling people, kung habol niyo lang yun paycheck, might as well setup your own businesses nalang.

The fastest road to riches? Entrepreneurship.

Kung pogi ka at maganda, sell yourself to somebody richer slash find sugar mommy/daddy.

Although in the Philippine setting, it's politics. It costs money to run though :naughty2:

[jut703]

Hard to start a business without capital. Hindi rin lahat may mommy and daddy na backer. I wish I could have my own but the reality is I've got to build my capital first through the corporate world, with the upside that I also get valuable experience while I'm at it.

Also, not all startups fly. Again, it's easy to fall if you've got someone to catch you, but not everyone has that privilege.

I also find it more impressive for someone to start his career from the ground up without parental intervention than the next rich kid next door who milked his parents for capital or a franchise to some expensive retail business.

[jhnkvn]

Hard to start a business without capital. Hindi rin lahat may mommy and daddy na backer. I wish I could have my own but the reality is I've got to build my capital first through the corporate world, with the upside that I also get valuable experience while I'm at it.

Also, not all startups fly. Again, it's easy to fall if you've got someone to catch you, but not everyone has that privilege.

I also find it more impressive for someone to start his career from the ground up without parental intervention than the next rich kid next door who milked his parents for capital or a franchise to some expensive retail business.

True. But in our economy where interest rates keeps on going down and risk seems all the more thrown out the window, time to take out a loan sa bank better now rather than when a crash comes and banks would be belt-tightening.

I think the threadstarter's pretty well-off with a 60k monthly pay so I urge him to start his own business nalang. After all, he's living with his parents pa naman.. and in the case the business failed, he's still young (I think? hahaha!). A business has tremendous scalability while working under somebody isn't. Job security isn't what it is nowadays where competitive landscapes means there's always that uncertainty of getting sacked.

Like what people say, "do what you love and you'll never 'work' again for your entire life"

Ewan ko lang ba.. but I was pretty much configured to think to work on my own rather than someone else. It's a huge realization as a kid when you see people being fired because they're too productive (company can't "afford" their salary) and being underproductive (bumming) and there I was thinking that "normal" is too.. boring.