The Art of Applying Life Economics

Discussion in 'The Cocktail Lounge' started by GermaniaK, May 14, 2014.

  1. Gelsemium

    Gelsemium Senior Investor

    Joined:
    Apr 2014
    Posts:
    937
    Likes Received:
    2
    I think that when concerns to saving the best thing we can do is to adjust our lifestyle to our income. Let's face it, the more we have the more we spend, so living frugal is really the way to go.
     
  2. Leeroy_MY

    Leeroy_MY Well-Known Member

    Joined:
    May 2014
    Posts:
    69
    Likes Received:
    1
    What about 'The richest men in Babylon'??

    In that book, one advice that stuck with me the most was 'Save at least 10% of all your income to be used as investment.'

    In today's society where most people tend to spend MORE than they earn, saving money is a very rare virtue. And over a long time, 10% of your income in the right investments can even prove to be life changing!
     
    Last edited by a moderator: Jul 8, 2016
  3. niiro17

    niiro17 Well-Known Member

    Joined:
    Aug 2014
    Posts:
    203
    Likes Received:
    0
    Thanks for sharing it GermaniaK. I learned many things today. I might need this in the future. Thanks.
     
  4. dianethare

    dianethare Senior Investor

    Joined:
    May 2014
    Posts:
    987
    Likes Received:
    9
    I guess i've been applying that in my life in one way or the other, although i still need to read that book so that i can do it in 'perfection'...somewhat :)...let me live a simple life and leave luxuries to those capable :)
     

Share This Page