TOP 10 WAYS TO AVOID DEBT DURING THE HOLIDAYSWritten by Steven Taieb
The Debt Trap: How Your Life Choices Impact on Your Financial Future1. NEVER use your credit card if you don’t have money in bank. 2. WRITE one check in advance for money you allocate for gifts, and write a list of what you purchase and cost of each purchase without exceeding budget. 3. IF you can’t afford to buy gifts, bake or hand make crafts that don’t throw you into debt. 4. DON”T rely on anticipated bonus’s or raises when making spending decisions.
| | How To Make Your Dollars Work For YouWritten by Achoenweli Opute
Before a person can even take first step toward making a fortune, you must know yourself as an investor. Before you can even start, you must come to task with where you stand at present time and before trying to chart a path, design a plan or determine a course of action, you must first know locations and dimensions of starting point.Without Question; The most important question to be answered is "how much money must I make to be satisfied with myself? *Wealth, viewed in its proper sense, is a means of increasing ones own creativity, a phase in evolution of human race. Tip No One If you set aside one dollar today, and squirreled it away in a savings account that paid 5% simple interest, and if you saw to it that your account was updated each year, your family would have one million dollars by year 2262; your family would be billionaires by year 2403; and would be as wealthy as combined fortunes of Rockefellers, Rothschild's, Dupont's and Mellon's by year 2453. You would be a trillionaire by year 2544. *SAVE* Tip No Two "Time is Money". The march of time is pervasive and it can't be stopped by breaking hands off a clock, interrupting sway of a pendulum, standing in way of a sun dial, setting back your watch, or tearing pages off a calendar. Time is scarcest resource that a man has to work with. Each second is unique-It only passes by once and life is short. Living life to its fullest means getting much done as soon as possible. The rational individual prefers having a dollar today to having that same dollar later. A dollar today is valued more highly than a dollar one year from now. The sooner an individual has his money, sooner he can spend it on things he wants or sooner he can tuck it into a savings account or an investment program and start earning interest. Money has time value; interests and profits is that reason. All investment decisions are sensitive to interest rates and change in overall interest rates are known to have profound effects on economy.
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