Yesterday I visited a few auto dealerships in search for a second hand BMW 3 Series, and at the end of my search I found myself browsing the new cars and premium selections at Auto Bavaria, Glenmarie.
I’ve been driving the Toyota Vios for 6 years, and it’s high time to upgrade. When I get a new car, I will be passing on my current car to my mother for her errands and church activities in Johor.
Originally, I planned to purchase a second hand Beemer as for one, I am not a ‘car person’ and I know cars are liabilities; I would rather spend that difference on acquiring another asset, if not at least put a down payment for it.
After a day spent looking at cars, talking to the sales people and getting opinions from my friends who are knowledgeable with cars (and own luxury cars), I realize it’s probably better to buy a new one after all, or at least get a pre-owned car.
The frugal saver in me is screaming “this is out of my comfort zone!” and even though I can afford it, I cannot help but think if I should have bought a second Filipino property.
But what about the promise I made to myself when I was 23 years old? That I would have easily gotten a BMW while still in my 20’s. Today I have about a year left before I hit 30. Was I all talk?
In as much as I’d live frugally and do business guerrilla style, I can see that my current methods can only get me so far; if I want to graduate to the next level in business and make more profits than I am right now (I’m talking about DOUBLING and TRIPLING even) I will have to eventually forego my guerrilla methods and adapt and adopt a different style of playing the money game.
That means different thinking, and being less of a cheapskate.
Visiting Auto Bavaria and talking to my friends who own luxury cars opened my eyes to some of the things I didn’t realize or thought otherwise – that there are still crazy heck LOTS of rich people among us here. I would think with the GST implementation, weakening Ringgits, and Malaysia’s economy performing worse than ever, most people would have been forced to downgrade their lifestyle. I can see the truly rich are on top of things again.
And I definitely want to ascend to the levels of the mega rich. This shall be the start.
So my game plan right now: 30% to 40% down payment for a BMW 3 Series (I’m eyeing the 320i or 316i), monthly repayment financed by my monthly memberships. Will work to grow business BIGGER and acquire properties so by Year 3 to Year 4, liabilities like the BMW can be financed by assets instead.
I am going to get down to it in the coming week, after I at least check out what Audi and Mercedes has to offer for completion sake (might change my mind).
