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Don't Fall for Money Mind Tricks (Part 2)

This behavioral bias is tougher to combat than you might think. Everywhere you go, savvy marketers are creating a “buy” environment, with lovely merchandising and seemingly compelling offers. The best way to combat this one is to be extremely rational when making decisions.

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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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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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GET RICH; Develop 4 Wealth Habits

I’ve been fortunate to know personally many folks of great wealth. Most of these individuals did not inherit wealth, but earned it the old fashioned way, through hard work. Many are entrepreneurs, some are not. My dad’s best friend worked for the IRS for many years, was an investor of the side, and died recently with a $10 million dollar estate.

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get out of debt now

Get Out of Debt Now!

It is very difficult to save if you are carrying credit card or high interest debt. Look at Josh’s situation; he loves electronics, computer games, entertainment etc. and believes that since he has a job, he should reward himself by buying whatever he wants.

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MBA CLASS 2011; Risk vs. Reward

NO ONE IS UNHAPPY IF THEY MAKE MORE MONEY ON AN INVESTMENT THAN PLANNED! So the risk is really that your investment will be worth less in the future than when you started. In fact, if you have invested at all, then you already know that sometimes the value of your investment holdings GO DOWN as well as UP.

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