(Random thoughts series have nothing to do with analysis of companies, skip it if you like)
Hmm…
What I am going to say will most properly pissed a lot of savvy investors off.
What I am going to say here is run counter to many wealth accumulation rules.
1) Delayed gratification.
Yes, I agree, but we need to make sure our love ones enjoy life if we could afford it. Loans for holidays is a NO-NO, left hand in and right hand out every month? No- No! But we do not have to maximize savings like it is a trophy to be carried home. I consider myself frugal as compare to my in-laws family who is wealthy in my definition. I consider a car a luxury and they a necessity. I still consider a car a luxury, and have been cajoling my wife to give up the car since our ......