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Investment YOUNGSTERS, PLEASE RENT FIRST BEFORE BUYING..., Dont rush accumulating unaffordable debt

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taithinye
post Aug 2 2013, 02:24 PM

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QUOTE(ProperTYcoon @ Aug 2 2013, 02:22 PM)
Rent = Expenses (Loss)

Buy = Investment (Gain)
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investment doesn't promise gain
taithinye
post Aug 2 2013, 02:55 PM

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QUOTE(surf-it @ Aug 2 2013, 02:42 PM)
Rent cheap = small expenses + investment (stocks...etc)
Rent expensive = big expenses + lifestyle without risk, just ended up no savings

Buy cheap = small expenses + long term investment
Buy expensive = big expenses + waiting to die (with huge risk)

So I would choose the "buy cheap". Buy within your means.

However, youngster today want the best of everything, so they either go for rent expensive, or buy expensive. Thus the overcommit.
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buy cheap or buy expensive also got risk.. investment not equal to profit .. just must get the mindset right

 

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