Save your money! Every parent tries to share this
timeless piece
of wisdom with their young ones. Many experts suggest saving 10% of
every dollar you make. Take control of your money and
financial issues. Start saving money at an early age. Or, if you are
getting
up in the years, start making the investments now which can lead to a
stable and growing financial house.
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Closely monitor and take care of your finances. Protect your assets and
your identity. Work
hard and sew the seeds which will eventually grow into your nest egg.
Nurture your income producing assets. Including yourself. Sharpen your
skills. Learn all you can. Make yourself more valuable! Knowledge is a
powerful resource. Get all you can! The great W. Clement Stone once
suggested giving up just one hour of TV each day. Use that hour for
bettering yourself - in whatever direction you desire!
Simplify your finances and your
life. Have your pay and
benefit checks deposited directly into your bank account. Arrange to
automatically pay for recurring expenses, such as a mortgage loan,
insurance premium or utility bill. Banking and bill paying online or by
phone also can be good options.
Remember - You are a valued customer. Banks and
Mortgage companies need you! Don't be afraid to negotiate a better
deal! Bounce a check or send in a late payment for the first time
ever? Think the fees for your mortgage application are a bit steep?
Depending on the circumstances, your bank might be willing to reduce or
waive a fee or penalty, especially if you’ve been a good customer and
don’t have a
history as a repeat offender.
Safeguard your financial house! Beware the charlatan investment advisors who get a piece of your assets. Get some references and only deal with advisors that you trust. Shop around. They want your business and any reputable investment advisor will gladly give you names of satisfied clients. Do your homework before you trust anyone!
Visualize the kind of wealth you strive for. A
few simple
habits
can help you enjoy financial success and a
wealthy life. Start saving money now
- save as much as you possibly can
each week or every month
and gradually increase the frequency and amount of your savings.
Before long you will see a difference in your bottom line!
Many
people achieve great success following the successful
tactics of a mentor. Learn from the masters and watch
your assets grow. Read as much as you can about successful
investors. Fundamentals don't change!
Start or join an investment club.
Enjoy the friendship, the time together and the results! With the
United States markets in their downward spiral many investors are
snapping up bargains! Warren Buffett - the legendary and
incredibly wealthy investor from Omaha is on record saying he will be
buying American stocks this year. You don't have to have Mr Buffett's
billions to enjoy a little success in the stock market!
Be
careful though. Only invest what you can afford to lose. There are no
guarantees in stocks. Just ask the General Motors shareholders.
Are
you still carrying too much credit card debt
month to
month? Get rid of that high interest debt and start saving the money
you had been using to pay your credit card bills. Pay your entire
balance each month - or as much as you can safely afford. Be wise
with your credit.
Are
there expenses around the house you can cut? Cut your heating bill ?
Make your home more energy efficient and realize lower
utility bills?
Do you eat out frequently? Order
Take-out most nights? You can easily start saving money this week by
preparing your own meals! You can enjoy the many benefits of eating healthy foods which cost far less than
take-out! Many thrifty ( and wealthy ) savers limit their dining out to
infrequent special occasions. The matriarch of the very wealthy Kennedy
family - Rose Kennedy - was not a big fan of eating in
restaurants - she thought they cost too much!
Finally, encourage your children to start saving money at an early age.
Give them the a headstart on saving and building wealth. Here are some money
saving tips for children. Teach your children one of life's most
valuable lessons - the art of building a solid financial future. Read
on for more
money saving tips.