In today's modern world, appliances have become an indispensable part of our daily lives, making tasks more convenient and efficient. However, purchasing these essential items can put a significant strain on one's budget. To help you make smart decisions and save money, consider the following strategies when buying appliances.First and foremost, ask yourself if you truly need the appliance. Avoid falling into the trap of buying unnecessary items that you can't afford, just to impress others. Instead, consider investing the money you would have spent on non-essential appliances into vehicles that can grow your wealth over time.When you've determined that an appliance is necessary, ensure that you can afford it. Buying in cash is always the best option, as it allows you to avoid the hidden costs associated with "zero" interest deals. Save up for the appliance and delay gratification to secure a better price.Next, explore cheaper alternatives. While the latest, high-end models may be … [Read more...]
Ten good reasons why I love investing in the stock market – Part 2
Last time in “Ten reasons why I love investing in the stock market-Part 1” I discussed the first three reasons on why I love investing in the stock market. We will continue discussing the next three reasons . 4.) Investing in the stock market if done correctly is considered by experts the as the best investment. Studies have shown despite the fact that the stock market may have its up and down moments, in the long run the stock market is still the best investment vehicle. In the book of Prof. Jeremy Seigel entitled “Stock for the Long run,” he cited numerous case studies regarding this matter. The graph below indicates how stocks have beaten bonds and other vehicle of investments. Based on the above mentioned graph from 1802 to 1997 (A span of 195 years, in the edition of Prof. Jeremy Seigel's book the computations are only up to 1997) despite the stock market’s volatility and fluctuations, most of the time stocks take the lead over all other vehicle of investment. The … [Read more...]