What are the definitions for "Simplicity" and "Outside factors"?

(related to money and investments) please help!!

Answer #1

I know all about money but not about investment. So simplicity means: using the money for the most important things only. You delay buying or comsuming those extra things like going to fancy restaurants and stuff. Sometimes, people spend most of their money on unnecessary stuff not because they need them but because of the outside factors like: envying their friends. IF you can avoid being a compulsive money spender, it is about the time to make great investment that is going to give you extra income. in conclusion: ignore the outside factors, live in simple way in order to build up an investment. :)

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