Saving & Spending
Go ahead and buy that $6000 Chanel bag. Just make sure your purchase evaluation is sound
By Investment Moats  •  March 21, 2015
We each have very different net worth, earning income level and cash flow. Some of my friends earns  $20,000 per month, another earns $2,000. The common process that they should have is to be able to make fundamentally sound decisions. These decisions would be whether they need the thing they want to buy, whether they place a high priority of it in their life goal, whether buying it will create drastic instability in the family and their life and perhaps more. I am not going to judge your purchase (well i try not to). To both the ladies earning $2,000 and $20,000, they may want it since they first saw something like that at 14 years old.  If the $2,000 per month lady buys it, she is over-reaching financially. Not so for the person earning $20,000. The lady earning $20,000 probably worked hard at her job for that ......
Read the full article
By Investment Moats
Investment Moats is set up by Kyith Ng and have been around since 2005. He aims to share his experiences making sense of money, how money works and ways to grow his money. It hopes that by sharing his experiences, both good and bad, season investors can advice and critique his decisions and new investors can learn from them and find their own style ...
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance