Money Management

Myth # 1 You have to have money to make money. Not necessarily. It takes little money to make money, if one is patient. In the same way as interest rates against a play when one is indebted, are helpful for a person who has the habit of saving. If a young person is thrifty and harnesses the power of compound interest rates, will accumulate a large sum of money at an early age. The deciding factor is time. The sooner you start, the better.

It is therefore very important to teach our children to save and invest those savings wisely. Myth # 2 do not earn enough to be a good investor False: all win enough to be a good investor. Be wise investment of our money has more to do with our ability to manage our money and be willing to spend less than fit, that with the amount of money in our pockets. A very good example are the people who win the lottery. The vast majority of them waste money and end up worse off than they were.

Myth # 3 If we love, we will not fighting over money False! Money has nothing to do with love and everything to do with the fights between a couple. In fact, the leading cause of divorce is financial problems. It is therefore very important to plan and have a sustainable economic situation before marriage. Myth # 4 tax and inflation will be controlled False! Never be controlled. Moreover, the tax and spending debts are larger than the average person does in his life. It is therefore important to gain knowledge about managing money and how to plan or our expenses and investments. Myth # 5 If you do not talk about money, everything will be OK If you do not talk about money is likely to fail. It is the same behavior of the ostrich that buries its head in the sand. The simple and plain truth is, if you do not manage their money, someone else will do for you! Whether the government, financial institutions or commercial companies with their credit cards. Its financial situation has less to do with the amount of money you earn, but how which manages what it has and how you think about money. Unfortunately there are very few adults who have learned to manage their finances wisely. We have educated so that we can make money, but we are illiterate when it comes to managing and investing the resources that are in our hands. If you need help changing your financial situation, you’ll love our 10 facts about how having a business that a mother taught her son and as a result of which he became a millionaire at age 21!

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