And do look up the paradox of thrift --srs (iPad)
On 30-Sep-2014, at 10:12, Shyam Sunder <[email protected]> wrote: >>> The most basic financial principle of all: spend less than you earn. > > As oversimplifications go, this is a relatively harmless one. Given this > follows closely on the discussion on retirement, it is obvious why the brush > is broad here. One of my favourite quotations is "if you don't know where > you are going, any road will take you there." Anyone's sense of wealth is > measured as a combination of assets and income. Looking at the world through > only one of the two lenses is therefore incorrect. I frequently find myself > encouraging my clients to spend significantly more than they do now, so that > they don't end up like my and their parents, living a frugal life and being > very affluent at 80. Because money in itself is worthless, it only delivers > value when exchanged for something you care about. > > > ------------------------ > Powered by BigRock.com > >
