But if you are taking debt to buy a house where you are going to live, it's a bad expense then.
True but I have decided not to do that . I would never take a loan for such a huge amount just to buy a house.
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I have done that mistake myself but at least I had a house previously from where I WAS getting rent, until COVID took over. My wife was so adamant about buying our OWN house and I could not convince her because I was stupid back then.
So it's a bad investment which I regret now. But it's okay, at least I learned and I will never suggest anyone do to the same.
This is the general rule I follow now: If I have the money to buy 'two' of the same thing, only then I think of buying one.
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That's a good rule to be honest . I like that .
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I read that in a book about personal finance. Don't remember which one. Good that I still remember the rule 😜
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Arg I guess I have to read more books lol . I haven't read much books to be honest . I completely depend on online tutorials , articles and stuff to learn everything .
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It's okay bro. Reading everyday is more important. Doesn't matter from which source.
I am not a much of book reader myself but I have made a resolution this year to read a book every month.
So far I have completed two. 😂 It's tough. I get bored or distracted very easily.
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