SanL
08-15

$Tiger Brokers(TIGR)$ I am currently 1:1000 (more funds in saving makes me feel more secure) but I am trying to be 1:100 because I envy those who willing to spend more Instead of save more (of course I meant those who are affordable and have much surplus). Because I think life not just about money. Thus, I wanted to change my mentality and life style. Spend more bedore is too late/ when you still can (I think you know what I mean). 🤣🤣🤣

Modified in.08-15
Spending vs. Assets: Are You a 1:100 or 1:1000 Type?
There seems to be a proportional relationship between people's spending levels and their assets. As someone pointed out, it’s possible that our spending capacity and cash reserves are in a 1:100 ratio. For example, if you have $100,000 in savings, you might not hesitate to spend $1,000 on something; and if you have $1,000,000 in savings, you might not hesitate to spend $10,000. However, some people say that when it comes to regular daily expenses, a 1:1000 ratio better reflects their spending habits. ------------ What's the ratio between your spending and assets?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment