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Some Second Level Spending Philosophies
By Investment Moats  •  December 28, 2019

When I shared my annual expense last week, I was not expecting much negativity.

This was because it was not the first time I shared these kind of figures. Things are as it is. You could imagine that there is a household having 2 breadwinners earning a combine of what I earn.

They would likely wish to do the same thing as I do: Not spend on what is unnecessary. They may have young children, and their expenses will be higher than mine.

That is OK.

The best response that I got was that many saw my figures and wonders how much THEY spend on expenses this year.

I got 50% of the job done there. Unfortunately, it is pretty difficult to get people through 100% to track how much they actually spend. Ultimately, I would attribute that to not understanding the deeper virtues of tracking

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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 ...
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