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Often times, on big purchases, the question asked is how much does it cost a month, not how much does it actually cost!
Myth: Managing debt well, allows you to grow wealth.
Truth: Debt holds you back from being able to grow wealth.
Just as the rich rules over the poor, the borrower is servant to the lender. - King Solomon
According to Sherpa Angie Ward, not all investments pay off.
It can be a great product or service, but it might not make a profit.
Looking at the numbers will help you be wise.
What are the signs of a good investment?
Your money can grow on its own if you plant it in the right places.
There are great budgeting tools to help you organize your money and strategize your spending so you can control it and it not control you!
Be a good steward of your money and you will reap the benefits.
Is there one for you?
If you don't have the money, you shouldn't buy it.
Start by writing down all your expenses and determining how much money is coming in monthly. Create categories for the expenses including savings and giving. Allocate the money coming in to the designated categories. Calculate all your expenses and compare to how much money you bring home. When you subtract the numbers you should come up with zero. Putt will help you determine if you can afford something. The idea is for you to tell your money where to go so you don't pay extra in debt charges.
If you can manage your own money, you might be in line for a promotion or be able to manage your own business! Every Dollar Counts is a great budgeting tool for anyone.
Who's advice do you take? Do you have a financial mentor who is not broke?
According to a proverb by King Solomon, who some say was the wisest man:
“The rich rule over the poor, and the borrower is slave to the lender.”
When Dave was confronted with this proverb, he had to really consider who was right—his broke finance professor, who taught that debt is a tool, or the author of the proverb, who never has anything good to say about debt and was very wealthy.
The Truth About Debt - Dave Ramsey Blog
Are Your Odds of Winning the Lottery Good? Don’t Bet On It! - Dave Ramsey Blog
Myth: Debt is a tool and should be used to help create prosperity.
Truth: Debt isn’t used by wealthy people nearly as much as we are led to believe.
Did you pay attention to detail?
Is there a career inside finance for you?
Most businesses fail in the first few years.
Avoid being upside down in your loan!
This assignment is a little more challenging, but it will help you determine if you can stick with details which is an aspect of finance.
Did your investment pay off?
Visit your local bank to set up an account and start saving!
Predatory lenders are a serious problem!
Payday loans offer quick solutions costing a fortune!
Find and compare colleges along with many other helpful things!
Indeed stays up to date on current internship opportunities!
The College Cost Calculator can help determine rough estimates of what to expect from college costs, and in turn, how much to begin budgeting for it. To estimate the costs of more specific colleges, the College Navigator can be used to get more precise annual college costs data. This calculator is mainly intended for use in the U.S.
Make the most of your choices!
Once you know what career is of interest, you can fine tune your course selections.
If you don't know your career yet, explore and follow your interests.
Its the best way to learn!
(One school's course catalog to look through on your own.)