Ayee this video is FIRE, it definitely helps someone like me who's currently still studying to learn more about budgeting. Hope to see more similar content like this from you. Thanks Thomas!! 🔥🔥
@ThomasYap
Жыл бұрын
Thanks for your feedback! More to come!
@yoochangshen9527
Жыл бұрын
I see the title already noe this is gonna be a great series 👍🏻👍🏻👍🏻 pls make more Thomas !!!!
@ThomasYap
Жыл бұрын
MORE INCOMING!
@derrickjeshurun
Жыл бұрын
Great video Thomas!! Keep doing this great content.😊👍🏼
@ThomasYap
Жыл бұрын
Thanks!
@HUI933
Жыл бұрын
Another easier way of calculation will be, you buy the car worth same as your annual income 😂 Example earning RM13,500 permonth means 162,000 a year which is quite close to what your golf gti's value
@chrish2396
Жыл бұрын
gross would be ~228k 🤔
@eugp4198
Жыл бұрын
I have been using this applying this rule for 20 years, not exceeding my annual income
@ThomasYap
Жыл бұрын
NIce. That's another way to look at it.
@lennonwong811
8 ай бұрын
Love your videos! Keep it up Thomas
@ThomasYap
8 ай бұрын
Thanks!
@hmprobob
Жыл бұрын
More of this series please 👍🏻
@ThomasYap
Жыл бұрын
More to come!
@NyzemTv
Жыл бұрын
Great series to kick off Thomas! Perhaps you could break the video up into chapters on the video timeline for ease of reference too. Just my 2 cents.
@ThomasYap
Жыл бұрын
That's a good idea!
@poovaneswaransupramaniam19
Жыл бұрын
Cool video Thomas...please keep the great content coming along
@ThomasYap
Жыл бұрын
Thanks! Will do!
@poovaneswaransupramaniam19
Жыл бұрын
@@ThomasYap once awhile give your other cars some airtime too, or else they feel dejected
@xTwiSTeDMiNDx
Жыл бұрын
Great video, currently owned a Polo GTI, so trying to "bela" it first to see if I'm able and comfortable with conti car, the end goal would be a golf gti and a mk7.5 if possible, this really give a rough idea on how I could achieve it, thanks thomas...
@maksrassi
Жыл бұрын
Great series Thomas, thumbs up!
@ThomasYap
Жыл бұрын
Glad you enjoy it!
@winet868
Жыл бұрын
Great video and practical.
@ThomasYap
Жыл бұрын
Thanks! Glad you found it useful!
@VijayMohanVisvanathan-kx2mj
Жыл бұрын
Good info bro really helpful . Waiting for more ….
@mohdrizalabubakar9084
Жыл бұрын
Awesome video Thomas! While i wish to own a GTI or an Golf R and my income does allow it, but i prefer to save up some money for other things too (such as travelling) so i ended up buying a Golf tsi MK7.5 instead hahah
@Cxs1a3
Жыл бұрын
🐒
@ansonleong824
Жыл бұрын
Gti is my dream car. This is a great video 👏🏻 but wondering why would you mention gti instead of other cars ? I was so surprised
@patrickeichin7251
Жыл бұрын
Very good series ! 👍🏻👏🏻✌🏻
@ThomasYap
Жыл бұрын
Thank you! 👍
@HangoutSpaceZ
6 ай бұрын
hi Thomas... a guy been following you for sometimes... tq for your sharing and inspiration. Ya possible to help me calculate a G29 Z4? it's been on of my going to get dream car due to drop top and a grandtourer.. would love to use this car join you guys on your 62k journey
@ngeamtw89
Жыл бұрын
Great vid! Much appreciated
@ThomasYap
Жыл бұрын
Thanks!
@NgiamTeeEe
Жыл бұрын
Great series man. How about 3 series, C class and E class?
@xanzfx2502
5 ай бұрын
Awesome video man!, Wanted to ask if I'm getting the car second hand from a private seller for about 40% less than dealership prices , does it cut the "income I have to make down" , cause where i live they cost around $15,000 USD in with 90k+ KM
@ThomasYap
5 ай бұрын
Yep you can do the same formula for USD too. And why not second hand cars if you don’t mind. :)
@xanzfx2502
5 ай бұрын
@@ThomasYap you’re a legend for sure, Blessings to you man 🙏🏼
@23Stefan283
Жыл бұрын
Very inspiring 💯 thank u..🔥
@WeiZe1022
Жыл бұрын
very informative content.
@ThomasYap
Жыл бұрын
Glad you liked it
@limpei94
Жыл бұрын
NICE CONTENT !
@ThomasYap
Жыл бұрын
Thanks!
@kayden2822
Жыл бұрын
Nice video!
@ThomasYap
Жыл бұрын
Thanks!
@tengthiamwan4166
Жыл бұрын
Good information 👍
@ThomasYap
Жыл бұрын
Cheers!
@darrenfoo8269
Жыл бұрын
iherng of Malaysian automotive industry
@ThomasYap
Жыл бұрын
Wah... you'e too kind.
@hanif_zack
Жыл бұрын
I agree 100%
@NgiamTeeEe
Жыл бұрын
I would like to know the Porsche 718 Boxter
@mustakimkamaruzaman9715
Жыл бұрын
If you stayed kampung the cost of a month salary is below than RM9000 or RM13000 to owned MK8 2.0 gti..
@KonWaiLuen
Жыл бұрын
Great initiative with this video bro! How much does one need to earn to afford a BMW M5 ah? Asking for a friend
@Cxs1a3
Жыл бұрын
just spend oll, y0l0 like bubi ung
@jordanwong5474
Жыл бұрын
300k per annua
@killmyindianbrother
Жыл бұрын
Lets not forget about housing/rental peeps, say you drive a golf, takkan just stay in car? Another 30% goes to house, then 9000 only left with 3600. Cukup makan or not? Of course the car loan will only last 5-9 years la, then you’re only left with maintenance. Food for thought.
@ThomasYap
Жыл бұрын
Yep. Definitely a good point. That's why I stay within the 20% and 30% is really pushing it. At 20% you'd still have money to put away for investments. Taking in mind that MOST cars are depreciating assets, this is the cost to have fun and enjoying life as a car guy. For a non-car guy, they should definetely spend less.
@killmyindianbrother
Жыл бұрын
@@ThomasYap You’re right, each to their own. Whilst 30% still fits the 50/30/20 rule, just tighter on the “want” category. 20% gives more room for other wants like watches etc haha. I suppose by the time one has the ability to save up the down payment, they already know what they’re doing.
@owen1379
Жыл бұрын
Bro how about a carrera 4s 2015
@ThomasYap
Жыл бұрын
Will Take note of this for future topics.
@eugp4198
Жыл бұрын
Recommend the RM9k and RM13.5k suggested to be net income (bring home income) after deducting EPF and Income tax. My rule that I have been applying for the last 20 years is "Car Price < Annual Salary (net income)" .. My installment is 10% of my net salary.
@ThomasYap
Жыл бұрын
Yep it's net income. Good idea and thanks for sharing it.
@waynewong8339
Жыл бұрын
So his car budjet should be maximum rm1050 per month.
@Joseph5571
Жыл бұрын
30% Rm1050 including repair, wear & tear means the car range instalment is probably only Rm800. This calculation also excluding petrol, parking and tolls. lol
@ThomasYap
Жыл бұрын
OR... he can be creative to increase his income. Dreams can't turn to reality if not taken into action. :)
@balipeng
Жыл бұрын
Just buy and drive, regret later or go stronger
@ThomasYap
Жыл бұрын
Hahaha.Some people do that. And it works for them
@justinlzt
Жыл бұрын
Related question to this series: if an individual were to consider buying a car in cash, in your opinion what’s the ideal amount to have before making the decision to purchase said car? ie 1.5x or 2x the price of the car after maintenance cost factored (situation being the car is over 10 years old or they don’t wish to take Bobby’s personal loan trick😂)
@ThomasYap
Жыл бұрын
I don't have a direct recommendation. And I wouldn't recommend 1.5x or 2x of car value = annual income rule. And I don't think the best way to buy a car cash is through "Saving Up" too. Especially when the car is say... above 100k. Because while I save up, my money is doing nothing in the bank. Get creative and be open to different ways to generate wealth. One is to learn to increase your wealth rapidly through a skill that generate scalable income. i.e. stock/crypto trading, network marketing. then park 20-30% of your income aside for the car... OR, if you are even more creative, find ways to take the savings to generate the car's amount. i.e 100k, makes 80k, take the earning of 80k to buy the car and top up the rest. Try to preserve the capital you save up. It does entail you being more creative, work harder and more importantly smarter. The best part of this direction is that you acquire the skill to do this again and again. This is rather long, but it'd be how I'd do it and my two cents. many ways out there. :) But if you're cash loaded, can go straight away and do it. haha.
@kierkier2368
Жыл бұрын
So you are saying that I should be only riding a bicycle to work?
@ThomasYap
Жыл бұрын
The word bicycle wasn't used in this video.
@Highlander226
Жыл бұрын
Buy second hand myvi for peace of mind.
@ThomasYap
Жыл бұрын
Sure if peace of mind is what you are looking for.
@justinejiew36
Жыл бұрын
Thomas, I would like to see your numbers too 😝…
@ThomasYap
Жыл бұрын
What number? My IC Number? lol
@hoomee7605
Жыл бұрын
Have a rich dad...
@sentuhankecundang7351
Жыл бұрын
that solves everything..doesnt it??
@ThomasYap
Жыл бұрын
Not really. Not in my experience of knowing many rich families. But there's also an intrinsic value of being able to generate this... If you work hard and smart to achieve it. You gain the confidence and skills to generate a bigger life. That one is worth more than money brother. :)
@boscokhoo2463
Жыл бұрын
go work in Singapore.. with my current monthly salary I could have owned an RS6 in Malaysia, but I'm stuck with a 1.5L A3 here 🥲
@jasonw98
Жыл бұрын
Buy also cannot use, locked behind the customs
@boscokhoo2463
Жыл бұрын
@@sh1mpul I mean what forces the hundreds of thousands of Malaysians to cross SG borders daily to work? Even plants know where to lean to get the most of the sunlight ;)
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