Tuesday, December 05, 2006

Finance

Goals within this 5 years

Let's put in this way, you want to buy a double-storey terrace house. By the time i can afford it's about RM230,000.

Downpayment 10% = RM23,000
Balance needed loan = RM207,000
8% interest for 10 years = RM2,511.48/month

RM23,000.
If earn RM4000/month as salary, need about 8 months.


Ok, how to earn RM4000/month.

1 student = RM41.25/month
100 students = RM4,125/month

50 hours/week, over 6 days = slightly more than 8 hours/day



Aim for 100 students within 15 months.

Take into account: Kancil = RM30,000 ; Bike = RM3,600

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