http://meshio.disqus.com/Personal Finance & Money Management Resources for Malaysians.enFri, 23 Jan 2009 03:42:55 -0000http://www.meshio.com/2006/02/book-review-the-millionaire-next-door/#comment-5490772Loved this book when I was 18. Glad I read it early. :)iciFri, 23 Jan 2009 03:42:55 -0000http://www.meshio.com/2006/02/book-review-the-millionaire-next-door/#comment-2465758I remember the time when I had to decide what car to get. It was either a cheaper local car at about 33k or a pricier imported car around the 50-60k range. The difference in monthly installments over a 7 year period was at least RM 100 a month. It was really tempting to get a nicer and supposedly better car but I felt I'd better start off at the low end since I was just starting out in life. Its been just over a year and I can see that it was a wise decision at the time. Over a 12-month period, I spend roughly about 1k a month, inclusive of road tax, insurance, maintanence, and petrol. If i had gotten a "nicer" car, it would easily cost me 50% more a month.ZekeTue, 07 Feb 2006 10:52:50 -0000http://www.meshio.com/2006/02/book-review-the-millionaire-next-door/#comment-2465757I agree with you on the car thing. Money suddenly was tight the moment I got a car, and no one ever gave a ballpark figure on how much maintenance+insurance+major repairs can seriously hurt your savings. <br><br>The only real way to get out of it is to use the car as an asset, a la Kiyosaki's advice. Repeated too many umpteenth times, but it rings true; as long as the car helps increase your wellbeing and income, it's cost is bearable.<br><br>I'm certainly more independent, sociable and healthy thanks to my car, so it's worth every penny and the extras I spend on it.HilmyMon, 06 Feb 2006 09:46:37 -0000