cp, i certainly agree with jackpot. i teachees my young working children to spend provide d they are convinced where their next dollar is coming. in this way they will be smarter and come in contact with more people to deal with together with the merchandise they are buying.
i think they enjoy during how to earn money more than how to spend money. our life actually is simple: sleep one bed, eat 3 times per day. more important: healthy, friendship and family love. enough!
I think to get rich by being frugal is pathetic. That shows one has limited resources of income. One has to think and think before spending every penny. Wasn't that pity? And I respectfully disagree that one will get rich by being frugal.
i think.. those who keep saying to stay frugal all the times, inside their heart, they always have somethings! somethings.. they desired for a long long time.
just like drug addict, they have to constantly fight with themselves to stay clean :P
having billions in bank doesnt make you rich, what you do with the money is, you only live once.
It is nice to be rich and yet choose to be frugal. These rich people are contented and confident with what they have and what is available. That is their real wealth.
in mandarin there is a phrase says "open up the tap' n control the flow" if we control the flow all the time ,there is a limit to wat we can save, frugal is important but opening up the tap or enhancing is equally important . if not more important
Ya,agree, every penny saved equal to penny earned. Those object this principle mostly from middle income group,they like to spend more to show off like take more loan to buy expensive car and buy branded things.
It's better to earn 100%, to spend 60% & save 40%, than to earn 100%, Spend 10% & save 90%. The knowhow of earning passive income is of upmost important. If we have the knowhow to earn more, than spending is not a major problem.
always make a balance between earning and spending...live life.. dont let life live you.... spend 70% and save 30% of take home salary and income....try not to over do it.. the world is an amazing place....
old chinese saying... no matter how big you are, there is always someone bigger...now matter much you have there is always someone with more.. so dont make money accumulation a competition...if money is coming your way, it will come, if money is not coming your way, no matter what you do it will never come....so dont penny pinch.. those people are not realy rich..they are just playing the game unfairly..
warren buffet smart in making money?... think about it.. he is 80 years old over...a 40 year old person with a billion dollars is much much smarter cos one billion with compounding returns of 8% equals what? after 40 years.... much much much more that what those so called rich people are worth... do the math...compare apples with apples ok not apples with oranges...
DaveSingh, agree with you, cannot compare apple with orange. billionaires spending 2 to 3 million a year is consider frugal. if rich is measure by $$$, believe those ppl make more more money to get rich, guess frugality is their virtue or habit.
a lot of working class earning beggar's salary and wish to live like a king, they have no choice but need to stay frugal, probably some of them can't even save 2 to 3 million in their lifetime. guess probably stay invested for working class, there is still chance to get rich.
Spend 500 to get a headphone (so expensive), can get a headphone in less that 100.. this month i have to attend few wedding dinners, guess my 500 gone..
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Posted by King Kong73 > 2012-11-09 20:19 | Report Abuse
or try to earn more dough