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10 Personal Finance Tips —

Ah….personal finance.

1. Live Below Your Means

People who live far below their means enjoy a freedom that people busy upgrading their lifestyles can’t fathom.

2. Track Your Spending

Beware of little expenses; a small leak will sink a great ship.

3. Create And Manage A Monthly Budget

A budget is telling your money where to go instead of wondering where it went.

4. Pay Off Credit Card Debt

Every time you borrow money, you’re robbing your future self.

5. Build An Emergency Fund

By failing to prepare, you are preparing to fail.

6. Pay Yourself First

If you want to have enough to give to others, you will need to take care of yourself first. A tree that refuses water and sunlight for itself can’t bear fruit for others.

7. Set Yourself Financial Goals

If you set goals and go after them with all the determination you can muster, your gifts will take you places that will amaze you.

  • Intermediate goals (takes 3–12 months to achieve)
  • Long-term goals (takes more than one year to achieve)

8. Start Contributing To Your Pension Early

You can be young without money but you can’t be old without it.

9. Make Sure You Have Insurance

All life is the management of risk, not its elimination.

10. Track Your Net Worth

Your net worth to the world is usually determined by what remains after your bad habits are subtracted from your good ones.

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