Pay for Quality

Remember being Economically Intelligent does not always mean that you should buy products that cost less money. In some cases, you have to pay more for quality. Typical example is shoes – buy a pair of comfortable shoes even if that means that you have to pay a little more than expected.

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E.I. Tip: Save for your retirement as early as possible. Few people get rich through their wages and salary alone. It’s the effect of compound interest, or earning interest on your interest over many years, that really builds wealth. Because time is on their side, the younger workers are in the best position to save for retirement.

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