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The Chinese Way of Managing Personal Finance
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[QUOTE="Mika, post: 230482, member: 29399"] I have never been in touch with Chinese people and I don't know anything about how they manage their finances. I have watched a lot of Chinese movies and books about Chinese culture and society, based on what I have read and watched in movies, I believe they are the people who like lavishness. They don't seem to live a simple life, they seem to be more inclined to explore lavishness. They seem to dress well, they seem to eat good food, they seem to live in a nicely decorated house. Well, my perception might be wrong, but that's what I have seen in movies and read in books. But if they actually do what you have said here, for example, saving money, working hard, using cheap goods, avoiding debt, and investing, I think that's what most of us should do. We need to save money so that we can use it when we need it. We also need to work hard to earn money so that we can manage to save more. We also need to avoid spending on unnecessary items and buy relatively cheaper goods. INvesting is the only way to accumulate wealth, therefore, whenever we get a chance we need to invest. [/QUOTE]
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