Parkinson s Law In Finance

There is this theory known as "Parkinson's Law." In the context of finance, it means "the more you EARN, the more you will SPEND." Many of us were illusioned with this myth, "If this person is a director of a company, this person is a big shot, this person is running his own business.... this person must be filthy RICH! This person, for sure, has LOTS and lots of money." My humble experience as a financial associate tells me otherwise. The MORE the person earns, the HIGHER his expenses will be. Come on.... Lets face it! " Usually when we are earning $3000/month, we will have a normal house, a normal car, eat in normal restaurants and go holiday in nearby countries. ...

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