Are U a Spender or an investor?

[dartzed]

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bcn iya ibaligya bro..

[Moongoddess28]

I used to be an impulse buyer, heavy spender. but ive learned enough....

by the way, to those who'd like to invest:
Invest in Properties, invest in owning condo units which you can also use for rent...


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[bboxcebu]

nindut ni nga topic diri da. ma inspired sad ta.

[d_virus]

I am both TS , hehehe investor at the same time spender .....

[quantuminplus]

Ako ibalik ni..

I'm an investor, I invest in items like Iphone, Sony Vaio Laptops, and other high-end gadgets. Maybe next month I'll invest in this new Iphone 5 and Ipad 3, also I save para ani nga mga gadgets.

dili mana investment bro....... the minute that gadgets lays on ur hand after u pruchase it..... it loses value......... walay mopalit ana at a higher price.......

[cebu.opportunities]

both

spend on needs and wants sad, hehe... it is to reward yourself pud.

invest on real estate properties
and businesses (trial and error)...
passive investments work for me.

no more savings, huhu

[istoryamember]

just sharing....

Warren Buffet lives in a five-bedroom house brought in 1958, today valued at around $700,000. Today, almost 10 per cent Indians would be living in a house more expensive than that.

So, does that mean that Warren Buffet is a miser? With over $50 billion in wealth, he still stays in a 55-year-old house that too with "just" five bedrooms. He surely must be bluffing about his wealth, because we know for sure he is not bluffing about the house. Or is he? Well not at all. His known public wealth is $53 billion and growing.

So why does the world's fourth richest man stay in such a small house?

No, Warren Buffet is not stingy or miserly by any means, not anyone who donates $30 billion to charity can be. Rather, he has mastered the art of creating wealth.

Wealth is not created just by investing, but also by avoiding unnecessary expenses. It does not make one stingy; rather, it makes one frugal. This frugality has helped him grow his wealth year on year.

His logic is simple: An extra 10 rooms in the house is not going to create any major difference to him. However, the same money, if invested rightly -- of which he is a master -- can be made to grow to probably 10 times the same amount.

Yes, it is not easy for all of us to be like him. Others might say that he can "afford" to be frugal because he already has so much wealth and does not need to worry about anything else. True, but he has stayed the same way even when he was poor.

If Warren Buffett can do it on such a large scale, we can at least do it on a smaller scale. The secret lies in falling in love with growing wealth. If you can fall in love with the happiness that one gets by seeing wealth grow, you will automatically start repelling the evil twin: spending.

Initially, it may be very difficult and you may not even be able to follow. But once you get accustomed to it, you realize that the pain of sacrificing current consumption is much smaller as compared to the thrill of creating long-term wealth. The Rs. 20,000 saved by going for a simple phone can in the coming years grow into Rs. 200,000 and give you the power to be a giver.

The fundamental is to make sure we give priority to the needs and minimize the wants. Happy frugality.

Warren Buffett and his 5-bedroom home: Why it pays to be frugal - NDTVProfit.com

[kiddos]

For me I'm an investor and I only invest in real assets. I consider real asset as any possession that has the potential to gain a profit at some future date or it is something that generates an earnings or residual income. If I buy a gadget, then maybe after 2 years I decided to sell due to obsolescence, most likely the price is lower than my original cost. In this case, I obtained a loss rather than a gain(profit). So for me a gadget is not an asset. The same thing with car and house. These possessions are what I consider as liabilities because they incur expenses - fuel for a car and maintenance and real estate taxes for a house especially if quite expensive pud ang property. These possessions do not provide earnings nor residual income. Assets that I do invest in are stocks, bonds and mutual funds.

[centaurus]

..investor at the same time spender

[sanlinux]

I'm a Spender...