Personal Finance
Random thoughts: value for money vs value of money
By Sillyinvestor  •  March 29, 2014
Value for money is easier to understand or easier to come to an consensus of what it mean. But then, it could already have 4 interpretations: 1) price tag of $1, I get it for 50 cents during a sale. Groupon deals are value for money. More applicable to my wife. 2) something is intrinsically worth $1, I get it lower than $1. Stocks that will grow or at a discount to p/b. more applicable to investors 3) relative comparison, a pair of shoes that cost $100 is more value for money than $50 because it is more comfortable and last more than twice as long. More applicable to atas people who are shrew consumers. 4) serve a need, I wanted a BMW because it tells people I arrived. ATAS x2 people Value of money? What money buys. I always tell my pupils money has no value until it is ......
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By Sillyinvestor
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