The word "money" is believed to originate from a temple of Hera, located on Capitoline, one of Rome's seven hills. In the ancient world Hera was often associated with money.
Money is ?
9 About Money Mistakes to Avoid
As God's creatures, we live and formed habits (behaviors that we do over and over again). Likewise with your financial life. Your financial life today, is the result of behaviors that you do repeatedly. I'm here to talk about the negative financial life. Though financial life has a tremendous impact on your life as a whole. Lots of people are trapped in the financial mistakes of the same.
The good news, if you can identify and eliminate these mistakes, it is the first step towards your financial independence.
Here are the financial mistakes you should avoid:
1 . Expenditure Based on Conscience
The largest source of personal debt is an expenditure in excess of the things you need. Do not go shopping when you 're feeling bored at home , because you will buy things that you do not actually need / you rarely use . If you have a tendency to always follow your heart , try to make a plan that is ripe for goods that are necessary to buy and the items that you need to avoid . If you truly want something , you can come back another day - in essence be patient when shopping .
2 . Techniques Tempted by the Seller
Large companies tried many tricks to persuade us to buy stuff we do not really need. Yes , that's marketing . For example , do not be tempted by items that are discounted up to 70 % ; not because the item is being sale and you think the price is a very good price and you need to buy it . Do not be tempted to buy 2 free 1 promotion ; otherwise look at the items that you have today , start counting how many of these items that you rarely use .
If you feel uncomfortable by the behavior of the salesmen , go away immediately - If you really want the item , you can come again sometime .
3 . Never Been Cheaper Checking the Price
For certain items such as insurance or a mortgage , for example , firms take advantage of customer loyalty by providing a high price . The reluctance of consumers to switch to another company is in English called customer inertia . For example , people think too much red tape that they had to pass if you want to move the mortgage . And if they want to go through the process , which is moving to another mortgage company that is cheaper , they will save a sizable amount of money . I took a parable : if you go shopping , would you buy an item that actually has a quality that is not much different , but has 20 % more expensive price ?
4 . Not Have Plans In Savings
It's true that in the 20s it difficult for you to save , because usually you have been separated from the parent's responsibility and you run out of income for the purposes of everyday life . You can only start saving once you are earning enough perceived . But if that time comes , you find yourself already at the age of 50s with no savings at all .
Saving requires an attitude of self- compulsion . If you are forced to save from an early age even though the amount is not too large , over time it will become a habit , and you will be more productive in the future . Your financial condition is guaranteed and will be much better in the future .
Force of at least 10 % of your income aside for savings .
5 . Makes Wealth For Life Goals
Many millionaires who have properties never satisfied . They always want more and more . The most painful thing they are if they have to spend their money .
Money and wealth is not a bad thing , but they will be like that if we love him more than anything in life . Life is not just about raising money , you need to maintain a balance between money and other aspects of your life to another.
6 . Leaving Money Ruin Friendship
A big mistake if you rely on your friends to solve the financial problems you face , especially if you make it a habit . Many cases friendships are destroyed just because of money problems . Do nodai friendships you have built painstakingly with the affairs of lending and borrowing money .
7 . Not Have your Notes to Financial
Many people do not know how much money they have to spend or debt that they have; they realize they are already empty wallet at the end of the month . It is better if you start to record your expenses so that you can better control the longer posts which need to be saved .
Good financial condition began to be aware of your current financial condition .
8 . Obtaining Adverse Credit Rating
Late in repaying the loan to the bank will make you exposed to interest and penalties , but in fact the main problem is the more you will be adversely affected your credit rating ( credit rating ) . As a result you will be more difficult to obtain credit in the future and it is very expensive , because it involves your good name .
I have a colleague who has been blacklisted by one bank credit card providers . He is currently applying for credit difficulties pemilikian (mortgage ) to any bank . Why does this happen ? The banks have a strong network with each other , so if you are blacklisted by one bank , then your name will spread to other banks .
Avoid late paying credit moreover do not pay at all . If you do experience difficulties , try to come up fine to the bank concerned to discuss your financial problems .
9 . Borrowing money at high interest rates
If you are forced to borrow money from financial institutions , so ensure that you get the best interest rate or lower . Avoid borrowing money with interest over 17 % , much less than credit card loans .
Okay , hopefully the above tips useful for your finances .
The good news, if you can identify and eliminate these mistakes, it is the first step towards your financial independence.
Here are the financial mistakes you should avoid:
1 . Expenditure Based on Conscience
The largest source of personal debt is an expenditure in excess of the things you need. Do not go shopping when you 're feeling bored at home , because you will buy things that you do not actually need / you rarely use . If you have a tendency to always follow your heart , try to make a plan that is ripe for goods that are necessary to buy and the items that you need to avoid . If you truly want something , you can come back another day - in essence be patient when shopping .
2 . Techniques Tempted by the Seller
Large companies tried many tricks to persuade us to buy stuff we do not really need. Yes , that's marketing . For example , do not be tempted by items that are discounted up to 70 % ; not because the item is being sale and you think the price is a very good price and you need to buy it . Do not be tempted to buy 2 free 1 promotion ; otherwise look at the items that you have today , start counting how many of these items that you rarely use .
If you feel uncomfortable by the behavior of the salesmen , go away immediately - If you really want the item , you can come again sometime .
3 . Never Been Cheaper Checking the Price
For certain items such as insurance or a mortgage , for example , firms take advantage of customer loyalty by providing a high price . The reluctance of consumers to switch to another company is in English called customer inertia . For example , people think too much red tape that they had to pass if you want to move the mortgage . And if they want to go through the process , which is moving to another mortgage company that is cheaper , they will save a sizable amount of money . I took a parable : if you go shopping , would you buy an item that actually has a quality that is not much different , but has 20 % more expensive price ?
4 . Not Have Plans In Savings
It's true that in the 20s it difficult for you to save , because usually you have been separated from the parent's responsibility and you run out of income for the purposes of everyday life . You can only start saving once you are earning enough perceived . But if that time comes , you find yourself already at the age of 50s with no savings at all .
Saving requires an attitude of self- compulsion . If you are forced to save from an early age even though the amount is not too large , over time it will become a habit , and you will be more productive in the future . Your financial condition is guaranteed and will be much better in the future .
Force of at least 10 % of your income aside for savings .
5 . Makes Wealth For Life Goals
Many millionaires who have properties never satisfied . They always want more and more . The most painful thing they are if they have to spend their money .
Money and wealth is not a bad thing , but they will be like that if we love him more than anything in life . Life is not just about raising money , you need to maintain a balance between money and other aspects of your life to another.
6 . Leaving Money Ruin Friendship
A big mistake if you rely on your friends to solve the financial problems you face , especially if you make it a habit . Many cases friendships are destroyed just because of money problems . Do nodai friendships you have built painstakingly with the affairs of lending and borrowing money .
7 . Not Have your Notes to Financial
Many people do not know how much money they have to spend or debt that they have; they realize they are already empty wallet at the end of the month . It is better if you start to record your expenses so that you can better control the longer posts which need to be saved .
Good financial condition began to be aware of your current financial condition .
8 . Obtaining Adverse Credit Rating
Late in repaying the loan to the bank will make you exposed to interest and penalties , but in fact the main problem is the more you will be adversely affected your credit rating ( credit rating ) . As a result you will be more difficult to obtain credit in the future and it is very expensive , because it involves your good name .
I have a colleague who has been blacklisted by one bank credit card providers . He is currently applying for credit difficulties pemilikian (mortgage ) to any bank . Why does this happen ? The banks have a strong network with each other , so if you are blacklisted by one bank , then your name will spread to other banks .
Avoid late paying credit moreover do not pay at all . If you do experience difficulties , try to come up fine to the bank concerned to discuss your financial problems .
9 . Borrowing money at high interest rates
If you are forced to borrow money from financial institutions , so ensure that you get the best interest rate or lower . Avoid borrowing money with interest over 17 % , much less than credit card loans .
Okay , hopefully the above tips useful for your finances .
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