Test Your Money Personality (2nd part)
February 19, 2008
By Lisa Smith
aKnowledge is power…
Advice for your personality
aaaaaaaaaaOnce you recognize yourself in one of these profiles and have put some thought into how you approach money, it’s time to see what you can do to make the most of what you have. Sometimes making just small changes can yield big results. a
Spenders: Shop a Little Less, Save a Little More
aaaaaaaaaaWhen you channel your energy into saving, you have another opportunity to think long term. Look for slow and steady gains as opposed to high-risk, quick-win scenarios. If you really want to challenge yourself, consider the merits of scaling back.
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Savers: Use Moderation
Ben Franklin once recommended “moderation in all things”. For a saver, this is particularly good advice. Don’t let all of the fun parts of life pass you by just to save a few pennies.aaaaaaaaaaTune up your savings efforts too. Pinching pennies is not enough. While minimizing risk is any investor’s prime goal, minimizing risk while maximizing return is the key to investing success.
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Shoppers: Don’t Spend Money You Don’t Have
A critical step for shoppers is to take control of their credit cards. Unchecked credit card interest can wreak havoc on your finances, so think before you spend - particularly if you need a credit card to make the purchase. aaaaaaaaaaTry to focus your efforts on saving your money. Learn the philosophy behind successful savings plans and try to incorporate some of those philosophies into your own. If spending is something you use to compensate for other areas of your life that you feel are lacking, think about what these might be and work on changing them.
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Debtors: Start Investing
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Investors: Keep Up the Good Work
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Knowledge Is Power
Entry Filed under: Forbes, Investors, People, Work. Tags: Investors, Spenders, Savers, Shoppers, Debtors, Advices.
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1.
Credit Cards on The Finan&hellip | February 19, 2008 at 3:30 pm
[...] Test Your Money Personality (2nd part) aaaaaaaaaa A critical step for shoppers is to take control of their credit cards. Unchecked credit card interest can wreak havoc on your finances, so think before you spend - particularly if you need a credit card to make the purchase. … [...]
2.
Teste » Test Your M&hellip | February 19, 2008 at 3:48 pm
[...] DanofromRaleigh wrote an interesting post today onHere’s a quick excerptaaaaaaaaaaOnce you recognize yourself in one of these profiles and have put some thought into how you approach money, it’s time to see what you can do to make the most of what you have. Sometimes making just small changes can yield big … [...]
3.
Test Your Money Personali&hellip | February 19, 2008 at 3:58 pm
[...] Bill Hazelton wrote an interesting post today onHere’s a quick excerptaaaaaaaaaa A critical step for shoppers is to take control of their credit cards. Unchecked credit card interest can wreak havoc on your finances, so think before you spend - particularly if you need a credit card to make the purchase. … [...]
4.
Money » Test Your M&hellip | February 19, 2008 at 4:24 pm
[...] Iain Dale wrote an interesting post today onHere’s a quick excerpt [...]
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The ideal marriage Propos&hellip | February 20, 2008 at 12:20 am
[...] Test Your Money Personality (2nd part) [...]
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Money on The Finance Worl&hellip | February 23, 2008 at 7:14 pm
[...] Test Your Money Personality (2nd part) aaaaaaaaaaOnce you recognize yourself in one of these profiles and have put some thought into how you approach money, it’s time to see what you can do to make the most of what you have. Sometimes making just small changes can yield big … [...]
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House prices fall as anot&hellip | March 1, 2008 at 5:04 pm
[...] Test Your Money Personality (2nd part) [...]