Quora | What are some financial

Umair Ayub, Fullstack PHP/Python Engineer
274.3k Views · 5.3k Upvotes

• Don’t buy a car unless you really need it

• Never ever buy a new car, buy a used one, it will cost way less

• Don’t buy expensive clothes or shoes just to show people that you are rich. You will stay broke just trying to pretend looking rich

• Don’t save all your money in bank, its like burying your money in dust hoping it will grow, purchasing power of money is reduced over the time, its called inflation

• Try to invest in stocks, or at least buy prize bonds

• If you have money, buy land or even a house and rent it out

• If you ever have to buy a house for yourself, buy a smaller one, it costs less to maintain

• Don’t spend too much on the home you are living in, its not your asset, its your liability

• Don’t think money does not bring happiness, you can buy clothes, shoes, cars, bike, house of your choice if you have money, if you don’t have money, you will spend your life just looking at other people’s things and getting jealous.

• Surround yourself with the people of high mentality, people who think big

• Dream big and start working on it, don’t believe in prayers, they don’t work unless you do

• If you do not have a professional degree, don’t worry. Show me a billionaire who got successful by graduating

• Working hard doesn’t means you will be successful, working hard in a RIGHT DIRECTION will make you successful

• If you fail a few times, don’t think its over, ITS OVER WHEN YOU STOP TRYING

• Don’t take people’s opinion too seriously, everyone talks to his caliber

• You do not need to prove yourself everywhere that you are right

• Develop a habit of thinking outside of box, if you keep following traditional ways to accomplish work, you will end up like most people do.

▌VOCABULARY:

• prize bonds: 奖金债券；

• asset: (usu pl 通常作复数) thing, esp property, owned by a person, company, etc that has value and can be used or sold to pay debts （属於个人或公司所有, 可用以抵偿债务或变卖後支付债务的）财产、资产；

• liability: ~(for sth) state of being liable （对某事物）有责任或义务: liability for military service 服兵役的义务；

• liabilities [pl] debts; financial obligations 债、债务；

• mentality: intellectual ability 智力、智能；characteristic attitude of mind; way of thinking 心态、精神状态、思想方法；

• caliber: n. 口径、才干、器量、水准（等于calibre）；

• calibre: quality; ability; distinction 质量; 能力; 特性: The firm needs more people of your calibre. 公司需要多找些有你这种才干的人。

• cheetah: African wild animal of the cat family with black spots and long legs, and able to run very fast 猎豹（产於非洲, 有黑色斑点, 腿长善跑）