Tuesday, 28 September 2010

Six situations where you should gladly overpay (Part 2 of 6)

[1] Acquiring long-term assets that generate revenue: the principle applies equally to real estate, company shares, or annuities. Choose high quality even if you have to pay more. In the long-term, prime properties will earn you more money and spare you preoccupations.

When buying a house, be willing to increase your budget in exchange for a better location. When investing in the stock market, select shares of well-managed companies with a long history of profitable operations. In those cases, you will eventually be glad that you agreed to pay more initially.

[2] Solving serious health problems: any doctor can help you cure a common cold. You do not need to pay extra money to address a minor sickness whose treatment offers little difficulty. On the other hand, if you are severely ill, you should be willing to spend as much as necessary to recover your health.

To be continued in Part 3

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

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