LUXURY ITEM
A good that is not needed for living but esteemed as highly desired in a culture or society. The capability to buy or finance a luxury item is directly commensurate to an individual’s assets or income. As people move into greater income brackets, they can able and more likely to purchase more expensive luxury items.
Aso known as positional goods, it signifies the owner has acquired a certain position or status in the society to be able to purchase them.
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Bill Miller
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SEE FOREX TUTORIAL
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If you find it difficult to monitor and pay the student loans on your own, and want to reduce your monthly payment and lengthen the repayment sched ...
An Introduction to Stocks
Imagine this: you are a company owner, you get income but you don’t go to work, you just do what you want and the money keeps coming in. This ...
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The US tax code changes from time to time, and majority of taxpayers cannot name at least three of the most common deductible expenditures. On that ...
Principles of Trading: Risk Management
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Retirement Planning: Creating a Nest Egg
Last time, we discuss the different income sources for building a retirement fund. We shall now tackle the ways to create a retirement nest egg.
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