Insights On How People Finance the Purchase of Vacuum Cleaners

It is imperative for anyone who is in the business of making and selling vacuum cleaners to understand how people finance the purchase of the machines.

Now the first way in which people finance the purchase of vacuum cleaners is by borrowing the money. This is actually the way in which most of the ‘ordinary’ people finance the purchase of vacuum cleaners. The cost of, say, the best hardwood floor vacuum cleaners, is so high that most people can only afford them if they borrow money and then repay the loans slowly over time.

The second way in which people finance the purchase of vacuum cleaners is by saving up, over a period of time. But as most of the eminent economics professors in leading schools such as the London School of Economics will tell you, very few ‘ordinary’ people can marshal the necessary self-discipline to save for long-term goals.

The third way in which people finance the purchase of vacuum cleaners is by drawing directly on their earnings. This is like where, for instance, you may find someone who earns a decent salary being able to pay for a vacuum cleaner using one week’s earnings (and still be left with some money to spend). For low-income earners, the whole idea can be astounding – but there are folks whose earnings are such that they can afford to buy luxury cars such as Lexus without either borrowing or saving over a period of time.

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