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Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
calvintaneng
281 posts
Posted by calvintaneng > 2018-10-14 22:52 | Report Abuse
Good sharing.
A DOLLAR SAVED IS BETTER THAN A DOLLAR EARNED
A DOLLAR SAVED IS WORTH AT LEAST $1.30
Saving from
1. Taxes. 20% or more
2. From trouble of earning it.
3. From paying extra as Christians pay 10% tithes and Muslims pay 5% zakat
So a Dollar saved is better than a Dollar earned.
Great guys like Warren Buffet won't spend more than US$5 for breakfast by eating burgers. He also buy and drove a 2nd hand car.
Ikea Boss Igvar Kamprad took bus to work, eat at Ikea canteen and buy only 2nd hand clothes
Yet both are in top 10 billionaires
So learn to save and invest early. Compounding interest is the 8th wonder in the world
https://www.cnbc.com/2017/01/30/warren-buffetts-breakfast-never-costs-more-than-317.html
https://www.thelocal.se/20160309/ikea-founder-buys-all-his-clothes-at-flea-markets