Thursday, 30 September 2010

Six situations where you should gladly overpay (Part 4 of 6)


[4] Protecting yourself and your possessions: the principle applies to physical and digital protection. For instance, if your house is located in an isolated area, you should invest in a state-of-the-art security system. If you are going to place your savings on a bank account, you should select a financial institution that offers a high level of internet security.

Do not assume that someone else has your protection as first priority. If you can benefit from security provided by third parties, be thankful for it, but stay alert nonetheless. Saving money in the field of personal protection can be counter-productive. If necessary, be ready to overpay in this area.

[5] Accelerated learning of new skills: specialized expertise is expensive, in particular if you need to acquire it quickly. However, if you have the possibility to get your dream job on the condition that you learn a new language, you should be willing to invest a good part of your savings in accelerated learning.

To be continued in Part 5

[Text: http://johnvespasian.blogspot.com]

[Image by ricardo.martins under Creative Commons Attribution License. See the license terms under http://creativecommons.org/licenses/by/3.0/us]