| Your cash and anything you do with are extremely personal matters. If handled wisely, your cash can lead you down the path of financial independence and living the life you've always dreamed about. If handled poorly, you can spend your days in financial trouble and worried about how you can make ends meet. Thankfully, personal financial success can be obtained by using a couple of principles of great money management. Even when you’ve made a wrong turn, you’re only one or two decisions away from the path to success. |
1. Begin saving money for retirement early.
2. Don’t skip out on medical insurance.
3. Avoid unnecessary health costs by keeping yourself healthy.
4. Live below your means.
5. Start saving early and save regularly.
6. Building credit is great, however, not every offer for credit is made for you personally.
7. Always evaluate if debt is going to enhance your wealth or just put you more in debt.
8. Keep your investments diversified. You don't ever want all your eggs in a single basket.
9. Find new solutions to build up your income potential.
10. Learn everything you can about credit and how to increase your credit score. The money you save from lower interest rates will more than make up the effort and time you spent.
By: Phil Tirone
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