Comments on: Why the worse classmates are wealthier than you?

By: Benson

Benson — Sat, 19 Dec 2009 03:26:18 +0000

A good article indeed, whether we admit it or not, “A” student work for “C” student.

By: KCLau

KCLau — Thu, 03 Sep 2009 03:59:13 +0000

Hi Zen,

Of course looking at the car a person drive doesn’t accurately estimate a person’s wealth.
It is just one of the easier way to compare.

By: Zen

Zen — Sun, 30 Aug 2009 23:33:54 +0000

Hi,

For me too i don’t consider evaluating a person’s wealth by looking at what car they drive. For example a self-employed business consultant (IT) who earns RM20k per month can drive a moderate car like Vios that makes up around 5% of his income. Another business owner who earns an average net profit from business around RM30k per month but owns a 5-series BMW that makes up to around 18%. of his monthly income. In this case, the self-employed is more wealthy because he has 95% of his money saved while the business owner save only 82% even he earns more a month. Translate that 95% and 82% to RM19k and RM24.6k, they are actually not much different, but the car brand makes so big different.

I’m not comparing business owner and self employed here, or which one is better. I’m just trying to say car alone can’t really judge a person’s wealth.

Just my opinion

By: winterheat

winterheat — Sat, 08 Aug 2009 14:26:32 +0000

It is too naive and simplistic to conclude that to be rich one must not be educated. It is also the same kind of thinking that some people conlude that you have to be poor to be happy.
Remember money cannot buy happiness – it is as if we have to choose either money or happiness or in this case either to be rich or to be educated. Why cant we have both. I want to be educated and rich. I also want to be rich and happy. Why not? They are not mutually exclusive.

Just because there are some rich people who is less educated doesnt mean that all uneducated people are rich or all educated people are poor. I can also think of a lot of highly educated people who are very rich. Remember the top scorers in the A class who are now specialists or doctors ?

In conclusion, we have to ask what is the purpose of an education ? Is it to make us become millionaires? Or is it to make us be well rounded thinking human beings who do not look at things superfically and jump into the wrong conclusions.

By: Er Chong Yee

Er Chong Yee — Fri, 07 Aug 2009 06:35:59 +0000

Agree with what KC said. Anyway just to add some about $0.02 (after tax) as well. We do have people that good in academic but not good in money making. We also have people that not good in study but good in earning money. Anyway, we have to always remember, why not we make ourselves good in both? Is that possible? Isn’t it better? I believe there are plenty of rich people in the world, that really seriously rich are highly knowledgable, smart and wise.

By: KCLau

KCLau — Thu, 06 Aug 2009 04:13:17 +0000

@ Len,

In Malaysia, the situation is quite different. Although there are exception of course.
Honda Civic is not a cheap car in Malaysia. A new one is selling for ~RM113800 – more than 3 times annual salary of a fresh engineer.
A Mercedes Benz C200 is about RM220,000. Even a senior engineer couldn’t afford to have one.

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By: Len Penzo

Len Penzo — Wed, 29 Jul 2009 00:00:23 +0000

KC,
I enjoyed your article, but I do not believe you can judge how a person is doing financially based upon the car they drive – at least not in the US!

In the US, there are far too many people that have big fancy cars that can barely afford to make the payments. What is really funny is when you see people with fancy cars who live in dilapidated housing. They are only fooling themselves though.

On the flip side, many folks who are well-off financially choose to drive very modest vehicles. I for one, could afford to drive a very expensive car, but I choose to use that money for other things – so I drive a well-maintained 1997 Honda civic!

Thats my $0.02 (after taxes),

Len
Len Penzo dot Com

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By: mtsen.com

mtsen.com — Fri, 24 Jul 2009 06:40:39 +0000

Yes I was bookworm, I was damn nerdy. Yes I am a graduate, I have a damn big ego. And I am even better than you, I am the top 2 in class :p

The pattern is like this, the top ONE in class usually do well, very well. Then those flunker make it too, each in a very different way. Then the rest of the No.2 to all those who graduated, still thinking what they should do in life now.

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By: brook

brook — Wed, 22 Jul 2009 13:05:29 +0000

Because they are not idiot after all just that they are not good at education we/most people have underestimate them. These people are more friendly thought

By: B@L@

B@L@ — Wed, 22 Jul 2009 08:16:23 +0000

we should not blame our malaysia education, the most important things is how far we want go in our life. some of us very much happy with the money they earn and some of them not. if you want something very badly….we can get it as long we try till the end. why people always blame the education? even there is few of my friends, when i am aproached them to share but most the time they not interested. Do you think the education playing big here? surely nope. as long they can pay the monthly expenses and they very much happy.

By: evaeba

evaeba — Tue, 21 Jul 2009 14:21:03 +0000

I met some of the contractors and they are millionaire now. They are not well educated but really rich.
It is the fault of our education system. We are trained to be a labour. So we always follow the formula in the books and follow the advise of our parents to become a slave of the company. So the marks become the measurement of a person.
But for the person that fail, there enroll in society life earlier and aim the money as a value of success. They always have courage to fight compare to the book womb, they don’t care about whether success or not, just hit their head on wall, feel pain then reverse, feel syok then go forward, this is how they learn.

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strongThe idiot is richer than me!!…/strong

Article discussing if there is a relation between academic success and financial wellbeing….

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strongThe idiot is richer than me!!…/strong

Article discussing if there is a relation between academic success and financial wellbeing….

By: shchoy

shchoy — Sat, 18 Jul 2009 02:53:15 +0000

I agree… to add on,
our education system is too focus on theory instead of practical