134 - Investing in Diamonds

The Wealth Elevator

English - November 04, 2018 19:42 - 12 minutes - 8.9 MB - ★★★★★ - 4 ratings
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Full article - SimplePassiveCashflow.com/134diamond

I recently got engaged and here are some of my experiences when buying a diamond ring.

The top three diamond providers online are Blue Nile, James Allen, and Rare Carat.

The Big 5 C's of grading for Diamonds: Carat weight, Color, Clarity, Cut, and Confidence.

Size is the most important factor in diamonds.

Rare Carat offers the best selection of diamonds but lacks in ring selection.

James Allen offers the best prices among the three diamond providers.

As you grow your net worth, it is okay to buy something for your happiness even if it is non income-producing assets. Consider it as a milestone for growing your net worth.

I originally planned to buy a Honda CRV and pop the question at a car dealership.