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Tag Archives: “It is better to lose your faces than to lose your lives
About Unwanted Risks and Burdens
For this post, we refer back to an earlier article posted on November 5, 2010 where we discussed about “The Four Telling Signs of Lack of Investment Literacy”.
As we mentioned in the said earlier article, the third telling sign of lack of investment literacy is “the tendency to take unwanted risks and burdens. “ I have long sensed that the readers wanted further explanation on this topic.
Hence, that is where we focus on for this post.
Won’t You Feel Deprived or Miserable Focusing on Needs and Ignoring Desires
This article is a follow-up to our last post entitled “Pay yourself First – The First Habit” where we outlined a simple two-step process to exorcise our expense demons and be able to maximize savings.
One may ask or even protest whether or not such a strategy of focusing on needs and maximizing savings would make our lives deprived and miserable. Won’t we feel deprived or miserable focusing on needs and ignoring desires?
Posted in Savings Discipline
Tagged " "losing face" or feeling deprived and miserable, " Stan Shih founder of Acer Inc., "Are You Willing to Work Long Late Hours and Forego Much of Your Social Life, "Genghis Khan", "It is better to lose your faces than to lose your lives, "Pay Yourself First - The First Habit", famous Egyptian actor Omar Shariff, Ross Perot
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