#peraonal finances

[doller-sense]

10 tips to improve credit score

[transmutationisms]

i don't think what distinguishes new jersey politics is the fact that it runs on patronage networks i'd argue that's just politics. however the specific flavour of new jersey networks is distinct in its utter reliance on the state's relationship with the banking industry writ large (credit card regulations or lack thereof are a huge part of this but not the whole thing). i'm not even the right peraon to be talking about this bc i simply do not have the citations on hand but more people should understand nj as like essentially running off being a corporate tax haven that will do anything to keep company hqs there. also dc gets a bad rep for being a revolving door which is true but the new jersey-nyc finance relationships are like a whole other ballgame

[mazwistar]

TAKE CARE OF YOUR MONEY

TAKE CARE OF YOUR MONEY

In my few years of studying finance, I still find it difficuly to reason with people who study finance for 4 to 6 to 10 years but still give over their money to be taken care of by someone else. I really think it's akward.

I can only reason with my dad for making financial blunders, at least he did not even go to school for it.

I am now convinced that we have a lot of finance pundits that are financially illiterate. Most people lack or give up accountability on their money.

Here are some of the financial blunders that I recomend everyone to try by all means to avoid:

1.Leaving your money idle on a retiment account. It makes no sense to store money without the intention to invest in the future. A lot of retirement accounts are not established with an intention to invest but to spend.

More besides that, you don't have control over the funds in a retirement account and you are not eveb told where your money is invested or even how it is used. You can't have your money anytime you want it. So it is practically not yours.

Look, every cent that is stucked in your retirement account could be used better by accumulating physical assets to ensure you financial freedom. So you would be entirely free from worrying about retirement.

2. Pulling out loans to buy family houses and cars for personal use. This is the worst financial trap that people continuously fall into.Not just ordinary people but also those who claim they are financially astute.

The thing is we have a lot of people who value pleasure before  payment.You need to make a vow that you will never, by any chance, BUY ANYTHING you cannot afford. Affording a loan doesn't mean you afford a car for peraonal use.

The banks and lending corporations always take advantage  of you and they profit from you because you're broke. They will go ahead a charge you six times the cost of the house or car and you still think it is affordable through monthly installment because you're impatient to wait and buy it when you have put aside enough money to secure it.

Pulling out loans for items that are not meant to generate revenues  for you or assist around that are your pityful downfall. You want to avoid them at all cost.

There are a lot of other financial blunders that people make, especially early in their careers, which are related to the ones I've mentioned above.  Their painful effects are being carried over from generation to generation.

Follow my wors and stay away from these blunders. Take care of your money and invest into the surest investments.

NEVER LET ANYONE ELSE MAKE A BAD INVESTMENT FOR YOU.

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Mazwistar

_A student of finance for life