Personal finance points to remember (point #1)

by JimmyPage 3 Replies latest jw friends

  • JimmyPage
    JimmyPage

    Improving your financial literacy:

    Some people are fortunate enough to learn the keys to financial success at home, from knowledgable friends, and from books.

    Others either never learn the keys to success, or they learn them the hard way- by making lots of costly mistakes.

    People who lack knowledge make more mistakes, and the more financial errors you commit, the more money passes through your hands and out of your life.

    In addition to the enormous financial costs, you experience the emotional toll of not feeling in control of your finances.

    Increased stress and anxiety go hand in hand with not mastering your money.

    Most of us already realize this- but don't fret, there is more helpful info to come!

  • oompa
    oompa
    In addition to the enormous financial costs, you experience the emotional toll of not feeling in control of your finances.

    I think very very few people really have control of their finances.....unless they have basically nothing. I was extremely lucky in life as far as money.......never wasteful of it......and never inherited any of it.......made only one stupid mistake....and one unwise mistake (leaving all my ira in stocks this past year....ya....lost 40%, but hope to get in back over the next ten years).......real estate has been the best investments i have ever made!!!!!......rent income is good, and buying properties seems way more stable than the stockmarket.......if you can rent the property and just break even til it is paid for.....the income is tremendous once it is paid off..................jmo...................oompa

  • JimmyPage
    JimmyPage

    Thanks for your input oompa... hope you have more to come... the whole reason I started this series is the same reason I started learning about personal finance myself... because in dub land you're told it's a waste of time in this system... so for those like me who have a lot to learn... a give and take about it can help everyone who grew up in this cult...

  • oompa
    oompa

    DAMMIT jimmy....you should have been asleep!!!.....I was just so close to having been the last responder on the entire page dammit!!....then you posted and ruined it!.....lol....i have only managed to do it once.....................ya....i know....i need a life.........oompa

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