Tag: saving
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Chapter 31: Debt Consolidation
What is Debt Consolidation? Sometimes, depending on your situation miscellaneous amounts of debt rack up through various sources. Too much and it can get pretty overwhelming. Don’t get me wrong, having multiple sources of credit is a good thing. This proves to your credit bureaus that you’re a reliable borrower. That’s if you make at…
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Chapter 29: Net 0 Mentality
The net 0 mentality implies when budgeting, that you will use up every budgeted dollar. You will not leave a single one left over for next month. Although this sounds bad this isn’t exactly what you might think. This doesn’t mean spend as much as possible until you reach 0. We’re just going to try…
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Chapter 28: Fear Of Missing Out
What is FOMO? The fear of missing out, sometimes abbreviated and called FOMO is an irrational fear that sometimes makes you make rash decisions just because you don’t want to miss out. It’s fed by anxiety and wanting to have the best possible outcome. Limited time sales, buying stocks, placing bets, once in a lifetime…
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Chapter 27: Defining Financial Success
Busting the myths When you think of financial success, do you think of Lamborghinis and mansions? Or do you think of a nice portfolio that will pay you half your salary every year. Sure, if you run into a million dollars you can buy yourself a nice car. How are you going to pay to…
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Chapter 26: The 2024 Housing Crash?
In the year 2023 housing prices have been soaring, with that mortgage interest rates have also been going up from the high 6% to a staggering 8%. To make it worse mortgage demand is the lowest it has been in over 30 years. (source: MBA Purchase Index) This means that if nobody is buying a…
Money Ain't Sh*t 