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Eric Siu explains what to do when you get a raise. Invest the extra money instead of spending it on a car or luxury items. Only buy those things once your investment dividends can cover the cost.
Eric Siu explains what to do when you get a raise. Invest the extra money instead of spending it on a car or luxury items. Only buy those things once your investment dividends can cover the cost.
If you're working and you just got a raise, 20%, whatever raise that you just got, and you're like, oh, well, now I can afford my next BMW payment. Stop. Don't do that. Invest that somewhere else. And then once your dividends from that investment gets to the point where you can afford that new BMW payment, that's when you can buy the BMW.
