Today’s a quickie but goodie for you 😉
I’ve heard of buying stocks from places you love and use every day (in fact, I did this myself back in the day!), but never thought of buying the stocks *instead* of the product before. Or at least while you’re saving up for it…
From Chandrashekhar on our post about controversial finance beliefs:
If you’re planning a large expense, buy shares worth that expense in that industry/company before making the spend.
For instance, if you’re looking to buy the latest iPhone, buy Apple shares worth that phone and see if you still want to buy the phone… That way, you tend to reduce unnecessary expenses while building a decent portfolio to rely on.