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3 Common Money Myths Debunked

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In every financial workshop, I hold with 20-somethings, there inevitably comes a point where someone utters the phrase, “But my dad said…” followed by: I should carry a balance on my credit card to improve my credit. I should pay off my debt before I start saving. Buying in bulk is a better deal.

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3 Steps to Take Before Going Into Business for Yourself

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However, building up finances for self-employed individuals can be difficult, as it can take a while to get your business up and running. These include unavoidable costs such as housing, food, transportation and insurance. These apps connect to your bank account and credit card, making it easier to track your expenses.

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How to Know If You’re Financially Ready to Start a Business

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Market analysis: What are the current trends in your industry? Be clear on how you’ll set your business apart in your industry. After all, without cash flow and a solid financial plan that includes costs and expenses, you won’t be able to get your business off the ground. Do I have a good handle on my personal finances?

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These Are Nicole Lapin’s 6 Money Tips for Living Your Richest Life

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“It’s not your momma’s finance lesson,” Lapin says in describing her book, Rich B h: A Simple 12-Step Plan for Getting Your Financial Life Together… Finally. Throughout the book, she shares personal anecdotes and examples, such as how she painlessly eliminated a $5,000 credit-card balance. Ask for a raise and get it.

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When Considering Your Investment Strategy, Keep These 3 Rules in Mind

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For a preschooler this is normal, obviously, and there are no costs associated with changing your preferences. If you don’t know by now, we’re big fans of investing in low-cost index funds. This gives you exposure to the entire crypto industry while minimizing the risk of owning individual coins. Balance is key.

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How to Manage Yourself When Making the Move to Self-Employment

Productivityist

Build Your Finances. You ideally need to make sure you have enough running costs of the business to run for 6 months as well as making sure you have enough to pay for living expenses. Remember, you will no longer have a monthly income in your bank account, and your finances rely solely on your success from being self-employed.

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16 Timeless Truths of Financial Freedom

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The “down” escalator is racking up debt on high-interest rate credit cards , going into debt to buy things you don’t need, taking out payday loans, and borrowing money to invest in things that can go down in value. In the investment industry, this is known as using margin. That’s a recipe for being broke for life. annual return.