MoneyDecisions101
Brings you information and methods to help improve your
financial future.
Introduction
To start building wealth, most people simply need to
change their mentality.
MoneyDecisions101 will open your mind to help you focus
on your financial future. |
MoneyDecisions101
=> Interest
Make interest work for you, not against you.
Most people make the mistake of having too much interest working against
them.
Please note that there are times when you will have to pay interest.
For Good debt purchases, such as a house, interest is usually ok. On the
otherhand, you need to avoid paying interest at all costs, on bad debt.
You might have seen this yourself, usually in the form of credit card debt.
The key to all of this, is to get on the other side!
What do I mean?
Instead of paying someone interest, you need to have someone pay YOU
interest. What? Yes, remember in the previous chapter I mentioned that
if you are poor, you are probably making wrong (even backwards) financial
decisions? Well, if you are paying credit card interest, again, you are
doing things wrong. You are 180 degrees in the wrong direction. You are
backwards.
Remember... CHANGE YOUR MENTALITY.
You need to figure out how to stop paying the credit card companies
interest and how to get them to pay YOU. If you don't know how, you will
learn in the section on Credit
Cards.
Here are ways for you to make money:
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