Tweets on 2011-07-22

by Vinaya HS on July 22, 2011

in Finance

Thanks for visiting Capital Advisor. I frequently update this blog to cover various topics on personal finance such as investment strategies, financial products that you should buy and ones that you really should stay away from, financial calculators, emerging themes such as early retirement and financial independence, and much more. You can Subscribe through Email and receive new articles directly in your Inbox or you can Subscribe through the RSS Feed and receive new articles in your feed reader.

Here’s a quote that I liked from the book Automatic Wealth.

Meanwhile, keep in mind that even though the material things you hunger for are indisputably of value, unless you have the financial capacity to keep them, to maintain them, and to replace them, you don’t have wealth. You simply have its obligations.

Here’s something equivalent that I can think of.

Don’t invest in a financial instrument unless you have the financial capacity to feed it. Examples: Life Insurance policies whose premiums run into tens of thousands of rupees, high-value multi-year Recurring Deposits, and such




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