How to live comfortably.
Know what are assests and liabilities.
Car= Liabilitiy, unless your car can help you generate more $$$
Bank Loans= Liability if you cannot afford to pay them back. Its an asset if the loan could accelerate generating more money. E.g. take bank loan to buy in goods for your company.
Your house = Asset provided its now 10x the value when first bought. Mainly living with parents.
My actions
At the crazy fuel prices, ERP charges, misc fess, bank loans. I would only consider getting a second hand car when i earn $4K gross.
Don't take unnecessary bank loans. For my local university studies, i rather borrow from relatives than to loan from Banks. Unless you no options. Better to borrow from 5 friends 1k than a bank and be charged interests.
Now no GF so would be living with Mom. Will only sell when kana en-bloc. They bought at 30k, so now close to 300K. If en-bloc even more.
Don't invest if you don't know NUTS !!!
No comments:
Post a Comment