Avocado Toast: How You Can Eat It Everyday and Still Save Up Enough for a House

Avocado Toast is the craze everyone’s talking about recently.

An Australian millionaire, Tim Gurner, made headlines last week for saying millenials are unable to afford homes because of all of their incessant purchases on Avocado Toasts.

“When I was buying my first home, I wasn’t buying smashed avocado for 19 bucks and 4 coffees at 4 dollars each”, said Gurner on Australia’s 60 Minutes.

19 bucks for an Avocado Toast and 4 coffees at 4 dollars each comes out to a total of $35 a day!

Now what if I told you there’s a way to have Avocado Toast and 4 coffees everyday and still be able to save up enough for a house?

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Why You Should Understand the Difference Between Wants and Needs

There it is.

The clear, sharp, and vibrant screen from one edge to the other. The smooth surface that flows over the edges. The uniform and smooth silhouette encompassing it’s entire back.

It’s the Samsung Galaxy S8, the latest and greatest tech available in the mobile space.

The phone that everyone wants and luckily enough, it’s right in front of you because you were among one of the first to pre-order this magnificent and splendid gadget.

But let’s pause for a moment and think.

Did you need or want it?

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How I Purchased a New Car with No Down Payment and a 0% APR Loan

Back in March of 2015, I accepted an offer to a new job about a thousand of miles away from home. I had no car of my own, so I decided to purchased a 2015 Toyota Camry LE for its reliability and brand. The total cost of the car was $22,079.12 and I did not have to put down a down payment and was also approved for a 0% APR loan for 48 months.

Now how exactly was I able to purchase a new car with no money down and still get approved for a 0% APR loan for 48 months?

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Why You May Not Need An Emergency Fund

Most of the time, a personal finance blog would recommend you to create an Emergency Fund in case of unexpected emergencies, hence the phrase Emergency Fund.

For those who don’t know, an Emergency Fund is a fund where you “should” ideally keep a savings of six months to a year of expenses on hand. If there happens to be any unexpected bumps or accidents like a layoff or a medical problem, you can then utilize the Emergency Fund to pay for your expenses.

However, if you had read, checked out, or glanced at my Simple What to Do with Your Money Guide, you will see that I did not recommend an Emergency Fund at all. There’s actually a very good reason for this and also why in the title of this article, I said that you may not need an Emergency Fund.

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