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evaluate the benefits of looking after your own personal finance?

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Old 06-14-2008, 05:49 AM   #1
selame21_16
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evaluate the benefits of looking after your own personal finance
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Old 06-14-2008, 05:49 AM   #2
el_chico_ideal
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I dont really like that money is taken from my paycheck and invested for my future. I feel i can do a much better job. im doing well with buying beachfront land in mexico. i could buy more if i wasnt forced to let others look after my money. they dont guarantee me anything. i once had a job that made me pay into some retirement account that invested thourgh Orange County CA. The "OC" went bankrupt when wall street fell, and i lost all my money. Now, i trust my own judgment a whole lot more. especially since im doing a lot better than the stock market.
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Old 06-14-2008, 05:50 AM   #3
Piet Strydom
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Investing and learning can be fun, rewarding and provide you with much more opportunities than just handing some amount over to a mutual fund administrator every month.

The mental growth and satisfaction can be enormous, but most people are to scared/ stuck in their ways to ever do something different.
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Old 06-14-2008, 05:50 AM   #4
sexy_lady2204
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Don't let your age keep you from investing. Just be smart about how and why you do it.

Research before you invest real money.
Practice discipline
Look for trusted places to invest
Decrease risk by diversifying
Be patient

Investing is a long-term commitment that will pay off eventually, but it builds gradually.
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Old 06-14-2008, 05:57 AM   #5
VATreasures
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The benefits are that you will be in a better financial shape in the future if you look after your finances. I think it also helps you to be happier with the money you make.
If you treat your money haphazardly and spend a lot on impusles, you will never feel that you have enough. However if you are in control of your money, you should feel less anxiety about being able to afford the essentials. You should also feel better about your discretionary spending, because you have made an active choice, rather than just giving into a whim. Not to say that you will be happy with everything you do with your money, but you will be in a situation where you learn from your mistakes and make fewer of them.
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