Comments on: Live Like You’re Already Rich! http://www.iheartmoney.ca/2010/02/live-like-youre-already-rich/ Learn to be better with your money with Dave Lester, Financial Coach Fri, 13 Aug 2010 16:56:07 -0700 http://wordpress.org/?v=2.8.6 hourly 1 By: Dave Lester http://www.iheartmoney.ca/2010/02/live-like-youre-already-rich/comment-page-1/#comment-50 Dave Lester Sun, 07 Feb 2010 00:02:13 +0000 http://www.iheartmoney.ca/?p=156#comment-50 Hi J, I'm talking about doing what makes you richer. Borrow to get wealthy but never borrow to consume. Bank your money and use investors' money to build opportunities when possible. Always save more than you spend. Dave Hi J,
I’m talking about doing what makes you richer. Borrow to get wealthy but never borrow to consume. Bank your money and use investors’ money to build opportunities when possible. Always save more than you spend.
Dave

]]> By: J http://www.iheartmoney.ca/2010/02/live-like-youre-already-rich/comment-page-1/#comment-49 J Sat, 06 Feb 2010 18:23:53 +0000 http://www.iheartmoney.ca/?p=156#comment-49 Not bad advice to consider the amount you could lose and not how much you could make. But sine if your advice is conflicting. You say about the rich, "They collect fees and commissions instead of paying them" and "They do not borrow but lend money." But then you say in the same paragraph to "Never use your own money if you don’t have to." The PROBLEM: To not use your own money, you would need to borrow money which is conflicting. Are you suggesting to use your own money so no fees are paid, or are you saying to borrow so you don't have to use your own money when you don't have to? Not bad advice to consider the amount you could lose and not how much you could make. But sine if your advice is conflicting. You say about the rich, “They collect fees and commissions instead of paying them” and “They do not borrow but lend money.” But then you say in the same paragraph to “Never use your own money if you don’t have to.”

The PROBLEM:

To not use your own money, you would need to borrow money which is conflicting. Are you suggesting to use your own money so no fees are paid, or are you saying to borrow so you don’t have to use your own money when you don’t have to?

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