48 Quotes by Zeng Jun
- Author Zeng Jun
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China to reduce capital lending in the domestic market. Aiming to create structural changes to present economy by deleveraging from exports and focus on increasing domestic consumption...
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He who feels pain when paying off debts is not fit to leverage on debts as an investment strategy
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It is never about how much you earn. It is how much you spend relative to how much you earn that matters.
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Remember, interest paid to banks only comes back to you in the form of a billing receipt. Nothing else...
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The credit market is one of the factor that cause this financial slowdown. However one should not be impede from taking up a loan just because of this. Every coin has two sides. What you have seen is merely the bad side. The good side of it is, many wealthy individuals leveraged on loans and credit in order to make it big.
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Too much money is not always good, because money complicates matters.
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You are never paying the price at which you purchase your house, unless you paid for it in full cash without any leverage...
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Attempting to develop a piece of land without doing the appropriate due diligence can lead to unexpected surprises during the project. Failing to do so is one of the main reason as to why companies can go bankrupt after the project has commenced.
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An economic slowdown might be a good opportunity to spot some good business take overs...
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