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20 MONEY AND LIFE LESSONS FROM MOM

Whatever is going on in her life, good, bad or otherwise, she will see the bright side. On top of that, if I want or need something from her, the answer is YES. She is chatty, helpful, and involved. When I was growing up she worked in real estate, raised my sis and me (with the help of my dad), and gave back to the community.

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WHAT DOES PATIENCE HAVE TO DO WITH INVESTING?

If you pull out your money when the market drops, you lock in the “paper loss” and make it real. Compound the loss with declining to invest during a low price environment. Furthermore, you have another decision to make; when to get back in the market? That is the most difficult question of all.

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HOME SALE UPDATE

We have the largest real estate brokerage company in the area with 50 agents. Usually at this time of year we have 15-20 homes that are under contract. Presently we have 3, all listed under $225,o00. I’ve never seen a market like this one before. We are actually getting a bit concerned.

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HOME BUYING ALERT

How much you pay for your home is significantly influenced by the mortgage rate. When shopping for a home, buyers typically look at the home prices. For example, your price range might be $200,000 to $225,000 (of course not in NYC or LA), but the cost to you actually varies depending on your financing options.

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5 Financial Lessons to Teach Your Child

Financially responsible adults are usually grown from financially responsible children. If you want to give your child the best chances of financial health, then begin teaching them financial lessons today. Financial responsibility can never be taught too early.

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How Much Money do YOU Need to Live On?

Yet, I rarely explore the philosophical aspects of money. After all, the only real value in money is what you can trade it for. If you were stuck out in the dessert with no water and $500.00, what good would money be? If you had no transportation and the water was 100 miles away, your $500.00 would be worthless. You’d probably we willing to trade it all for a thermos of water.

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7 TIPS TO AVOID SHADY DEALS, UNDERHANDED TACTICS AND SLEAZY SCHEMES

We’ve all seen the ads that promise big money: “Sleep until noon!” “Work in your pajamas!” Unfortunately, the only people that usually make any money in these schemes are the organizers at the very top. Ripoff Report also lists 846 MLM company complaints, many with reports high monthly thresholds and low commission rates, misleading promises and loss of initial investment.

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