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The Biggest Financial Mistakes to Avoid in Your 20s

Success

Not to mention, low wages, staggering student debt and compounding credit card debt. In the long run, this ignorance is bliss mentality only leads to more problems, whether it’s mounting credit card debt or puny retirement funds. He says, at least initially, 20-somethings’ goals shouldn’t be top-tier salaries.

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The Biggest Financial Mistakes to Avoid in Your 20s

Success

Not to mention, low wages, staggering student debt and compounding credit card debt. In the long run, this ignorance is bliss mentality only leads to more problems, whether it’s mounting credit card debt or puny retirement funds. He says, at least initially, 20-somethings’ goals shouldn’t be top-tier salaries.

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

Productivityist

Many people make the move to self-employment to get away from the dissatisfaction and stress of their current job. 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. Try to be money-savvy and cut back on costs where you can.

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3 Critical Financial Steps to Starting a Local Business

Small Business CEO

It can also be a very stressful and busy time. Take some time to brainstorm and think of all the costs you’ll have associated with your new business. Consider your salary (and be reasonable), the salary of any employees you may have, overhead, and so on down to small office supplies like ink for the printer.

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16 Timeless Truths of Financial Freedom

Success

My new career was straight commission—zero salary. Before meeting the McIntyres, I was leasing a new Jaguar and renting an apartment in San Francisco, but I was stressed. When I shifted my mindset and placed a higher emphasis on keeping my money and investing it instead of spending it on things I didn’t need, my stress dropped.