"How much money can you save?"

I visited a friend recently and he mentioned that he would be taking a couple of vacations from next week.

Going to Japan, Spain and France!

I know he just bought a second property a few months ago and he even said his savings, including money in his CPF account, was totally depleted after the down-payment.





So, I asked him why wasn't he saving money to pay for that second property?

AK:
"Wow! Really living the good life. Haha. Thought you saving hard to pay for XXXXXX payment."

Friend:
"It's just a trip. How much can u save?"






I don't know.

How much do you think he could save?

$6,000?

$8,000?


$10,000?

Enough to pay 1% of the loan for that investment property?





1% so little?

Keep thinking that way and we would be sabotaging our finances. 

Do you believe me?

I should ask him to don't think and grow rich:
Don't think and grow rich.

Also, do you know that a housing loan could be an "evil" instalment scheme in disguise:
The evil instalment scheme and their minions.





Who threw a shoe at me?

Who? Who?

Related posts:
1. A dollar saved is a dollar earned.
2. Think you cannot reduce spending?