Category: Personal Finance
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To Waste Money Or Time: The Difficult Rent Trade-Off
Closer and More Expensive or Farther and Cheaper Whether you’re a banker earning a million US dollar a year or a construction worker making a million Korean won1 a year, you face the same dilemma: should you rent a place that’s closer and more expensive or farther and cheaper? How Much Is Your Time Worth?…
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The Surefire Way To Unconsciously Fall Down the Wealth Ladder
Why most middle class people never end up getting rich Introduction A client once told me that “middle class” people are those who are both educated and poor. Sometimes both highly-educated and poor. To be fair, we all have different definitions about “oh I don’t have a lot of money”, but “poverty” would be a…
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When Mortgage Should Not Be The Solution To House Financing
Mortgage Rule of Thumb Mortgage is usually seen as a necessary evil. What else can I do to buy my own house? How do I think about house financing? Is this a financially-savvy decision? Most of us believe that “what people do” is to get a job, take a mortgage, and rise up the corporate…
