Have you ever felt the guilt pang of spending amount on yourself or your family then it is the time to read this Warren Buffett thought process which is very apt in the present-day environment when people are in the rat race and running from pillar to post every day. The aim is not to compromise the present of your family in lust for a glorious future.
So, enjoy your present but do remember to save for the rainy day and do keep in mind that inflation keeps eating into your savings and for that, you have to generate higher returns than rate of inflation which can be easily achieved by equity tips for today as one has to make additional money to keep your financial goals achievable.
"who is to say whether it is better to defer a dollar of expenditure on your family – on a trip to Disneyland or something that they’ll get enormous enjoyment out of – so that when you are 75, you can have a 30-feet boat instead of a 20-feet boat. There are advantages to spending money on your family when it is young – giving them various forms of enjoyment, education, or whatever it may be. But it’s crazy to be spending 105% of your income."
So, enjoy your present but do remember to save for the rainy day and do keep in mind that inflation keeps eating into your savings and for that, you have to generate higher returns than rate of inflation which can be easily achieved by equity tips for today as one has to make additional money to keep your financial goals achievable.
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