His pro-tip seems to be to get a 150% pay rise after 12 months.
Getting a raise from $320/month to $480/month USD isn't that insane. The rules aren't hard and fast either. They're just goals to set for yourself.
Li Ka-Shing teaches you how to buy a car and house in 5 years
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Re: Li Ka-Shing teaches you how to buy a car and house in 5 years
#12His pro-tip seems to be to get a 150% pay rise after 12 months.
To be fair, going from monthly income of RMB2000 to RMB3000 in a year is not a particularly difficult task. Most corporate types will get that just by showing up.
Re: Li Ka-Shing teaches you how to buy a car and house in 5 years
#13[..] Well, after struggling for a year and if your second year salary is still RMB 2,000, then that means you have not grown as a person. You should be really ashamed of yourself. Do yourself a favour and go to the supermarket and buy the hardest tofu. Take it and smash it on your head because you deserve that.[..]
Hahaha smash your head with tofu if you don't get a raise. :))
Re: Li Ka-Shing teaches you how to buy a car and house in 5 years
#14So: 1. don't be unemployed or under-employed (he clearly says it is your fault if so) 2. don't get sick, not mentioned anywhere what happens then, does HK have universal healthcare? This sounds a bit like McDonald's financial advice to their employees http://www.nbcnews.com/business/personal-finance/mcdonalds-f... btw, this guy made his money by buying cheap real-estate and got lucky when prices went up: http://en.wi…
HK has one of the best public healthcare systems in the world (modelled after the NHS before handover, and benefiting from HK's prosperity after), and as a result does extremely well in infant mortality and life expectancy metrics.
Re: Li Ka-Shing teaches you how to buy a car and house in 5 years
#15Suppose your monthly income is only RMB 2,000, you can live well. I can help you put money into five sets of funds. The first $600, second $400, third $300, fourth $200, fifth $500.
Da fuq? Are we talking about renminbi or dollars here? Either way... terrible article.
Re: Li Ka-Shing teaches you how to buy a car and house in 5 years
#16I actually like his categories:
1. Living expenses - 30%
2. Networking - 20%
3. Education - 15%
4. Travel - 10%
5. Savings - 25%
Re: Li Ka-Shing teaches you how to buy a car and house in 5 years
#17>Famous theory from Harvard: The difference of a person’s fate is decided from what a person spends in his free time between 20:00 to 22:00.
Anyone know the source for this theory? I'd like to know more about it but googling turned up nothing but links to this article.
Re: Li Ka-Shing teaches you how to buy a car and house in 5 years
#18His pro-tip seems to be to get a 150% pay rise after 12 months.
And then to get a part-time job.
Re: Li Ka-Shing teaches you how to buy a car and house in 5 years
#19[..] Well, after struggling for a year and if your second year salary is still RMB 2,000, then that means you have not grown as a person. You should be really ashamed of yourself. Do yourself a favour and go to the supermarket and buy the hardest tofu. Take it and smash it on your head because you deserve that.[..] Hahaha smash your head with tofu if you don't get a raise. :))
The idea make me curdle!
Re: Li Ka-Shing teaches you how to buy a car and house in 5 years
#20So: 1. don't be unemployed or under-employed (he clearly says it is your fault if so) 2. don't get sick, not mentioned anywhere what happens then, does HK have universal healthcare? This sounds a bit like McDonald's financial advice to their employees http://www.nbcnews.com/business/personal-finance/mcdonalds-f... btw, this guy made his money by buying cheap real-estate and got lucky when prices went up: http://en.wi…
For all the valid criticism you have pointed out, this doesnt make his advise invalid. In fact that seems to be at the core of his advise... the key take away is the majority of your efforts should go to investing in increasing your social circle, and making use of this social circle to advance yourself...
like it or lump it or even find it distasteful but it is consistent and rational advise... and it worked for him... he shmoozed his rich uncle into giving him a foot in the door, and then married into a successful family to get further ahead