The 10% Buying Rule
If you want to buy something for a large amount, make sure that its price is equal to 10% of what you have in your bank account, otherwise do not buy it because you will not be able to afford it.
Say you want to buy a $100,000 car, you have to have $1 million in the bank, otherwise don't buy it. Or if you want to buy a house worth $1,000,000, you must have $10,000,000 in the bank otherwise don't buy it.
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