Are we using some sort of achieved standard? Okay, let's use the milestone in this thread: over a millon RMB, and a house.
1. 1,000,000 RMB saving = approximately 170,000 CAD
- what takes to a family to have that kinda savings and how long it takes?
Double income family, IT profession, $65,000 average salary each, $130,000 per family. $1200 rental/mortgage (below average), + $1000 (food, expense), + $500 (auto expense), + $150 (unknown expense) minimum $1800 - $2000 per month. Very roughly, 2 x $65,000 incomes = $7000 monthly - $2000 expense = $5000 per month = $60,000 per year. It takes about 3 years to have 100 RMB.
2. On the other hand, you are saving up to 100 RMB within 5 years with a house to live and a car to use. Image to have a real HOUSE in China.
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