I remembered about an article that I read many years ago that some Singaporean & Malaysian girls mentioned about their Basic Requirement for a boyfriend is to have 5C. So what are those 5C they are referring to?
3. Credit Card
Generally, do you think it’s important to have all of that? Instead of looking at 5C as a basic requirement for a boyfriend, perhaps it’s better to look at it as a Basic Requirement for all of us.
Let’s break it down to look at each individual C.
Face to fact, cash is something very important to all of us. That’s one of the main reason we are working right? It’s mainly used to support our basic needs. Having cash saving can benefit us in various ways. First, it can be use as our Emergency Fund if needed or we can always use it for Investment.
Is car still relevant especially with Grab? Maybe back in those days it’s important to have car since there are not many Public Transport available & Grab is yet to exist. I know a manager that have a huge pay in a MNC company but takes Grab to work everyday & he dont even have any car. When I asked him, he mentioned that his commitment is lower without a Car Loan.
3. Credit Card
It really depends on your basic needs. There was a point in my life where I was using only my Debit Card for almost 2 years. I have no choice to apply a new Credit Card since I have to travel for work. I always prefer to pay everything with my Cash or Debit Card. Do you think it’s important to have a Credit Card? Most important of all, never ever get into any sort of debt with your Credit Card. You can read my previous post on How to Pay Your Debt Fast if you are looking for the fastest way to clear your Debt.
I think they are using Condominium since the letter start with C. Why not choose Bungalow, Semi-D or Apartment? LOL. What I can suggest is, LIVE WITHIN YOUR MEANS. Never over commit to buy a property that you have to fork out huge amount of your salary. Some people mentioned that it’s a form of investment. I agree but you have to look at the total years of repayment & the amount of money you have to pay on monthly basis.
Most people have set their Goal to have a successful career. What is more important than having a successful career? In my opinion, happiness at your work place is the most important factor. You may have a good pay but if your work is taking too much of your personal time, does that make you happy? Most important of all, love your work & the pay will come along.
Is 5C a basic needs to each & everyone of us? I think that there are no such thing as basic needs based on 5C as it applies differently to each individual. Most important is, WE HAVE TO LIVE WITHIN OUR MEANS. Im sure we know someone in our life that have those 5C but they are stuck with their work being unhappy & having a huge debt to be paid. Recently I have finished reading a book called The Millionaire Next Door. It’s a highly recommended book if you would like to have low debt & retire rich. AND…. Always remember that Happiness & Staying Healthy is something you should not overlook in your life.