Dec 31 2008
“Duh” Economics, part 2
Don’t ever, ever, ever buy anthing you can’t afford. Save your cash, then buy what you want or need.
Don’t ever buy a car because of the way it looks or because it boosts your ego. Buy a car because it starts, runs great and gets great mileage. Also, get the longest warranty you can, even if the car is used. Squeeze the dealer for 90 days if you can.
When you go to buy your first house, get income property. The more income, the better. Let your tenants pay the mortgage! The worse the economy gets, the better off you will be. Most of my family has done this to great success, including myself.
Lastly, remember there is no such thing as entitlement. Never make promises you can’t keep. If you have to borrow money, always pay it back with no excuses. Work hard, study hard, be patient and spend smartly.
entitlement! personally, there isn’t, but socially, there is. How do you treat a rich person differ than a poor one, you understand what I mean. When we buy extravagant stuff, we are buying our hierarchial levels and titles to be respected. It depends of personal belief and social trends. Thus, brands, name and fame are products which supply the demand of feeling, entertainment and pride.
hey, I don’t know where your email is, but I kinda like your blog. Why not exchange link so it can both boost our page impressions. I add you into my blogroll, you add mine to yours. sound good?
Well, I suppose the only thing to say to this post is “Duh”.
But, I need a new car - if I pay cash, I won’t have the cushion for taxes and insurance when I retire!!! There is a little bit to said in favor of Keynsian economics, but a balance is good.