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New car buying advice needed.
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<blockquote data-quote="santoshlv426" data-source="post: 1003477" data-attributes="member: 1941"><p>Just with regard to the savings advice, the rules of thumb should be looked at critically. I have a pretty mid tier job, nothing special. We have three directors in our company, one is older than me (so probably close to 50), but two are much younger say 40 and late 30's and as you'd know a directors salary in our industry is R1.5-R2.M pa gross. </p><p></p><p>6x annual is R12M! That's alot even if you're a high earner as a high earner also has "life to live" with families etc.</p></blockquote><p></p>
[QUOTE="santoshlv426, post: 1003477, member: 1941"] Just with regard to the savings advice, the rules of thumb should be looked at critically. I have a pretty mid tier job, nothing special. We have three directors in our company, one is older than me (so probably close to 50), but two are much younger say 40 and late 30's and as you'd know a directors salary in our industry is R1.5-R2.M pa gross. 6x annual is R12M! That's alot even if you're a high earner as a high earner also has "life to live" with families etc. [/QUOTE]
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