May I also add my congratulations for an excellent post.
It's lessons are always worthwhile remembering, even for the most experienced of us!
It's lessons are always worthwhile remembering, even for the most experienced of us!
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May I also add my congratulations for an excellent post.
It's lessons are always worthwhile remembering, even for the most experienced of us!
That's the first level of thinking. The next level is how do you maintain a fine balance of debt to swoop on rare opportunities when it comes. If you are leveraged to the hilt for marginal returns, you have no ammo when everyone cannot buy.
Avura, if I may ask. You?€™re capable of doing the calcs, so what possessed you to buy a $65k car (knowing that it depreciates 30% the moment you start it up) when you?€™ve already made the decision to become financially independent?
Alex
Great post Simon.
EDIT: wow, I did not realise this was a post from 2006.