As consumers we are programmed to buy depreciating assets. Advertising messages urge us to buy doodads or things such as cars, furniture and clothes that will go down in value. Whether you have the cash or not, retailers are happy to extend credit or take your credit cards. This results in a pile of debt and useless items that would be sold for much less if they had to be liquidated.
Having a large income doesn't necessary translate to wealth. Without understanding financial strategies that wealthy people use, people buy cars that are too expense and houses with payments beyond their means and try to keep up with their neighbours.
It is not about the amount you make but what you do with it that counts. If you invest...
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.