5 Personal Finance Tips From the Wealth Masters


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There are many things which come together to make for a successful business enterprise. These things are conveniently divided into four key managerial
segments or functional areas of business including the production, marketing, human resource development and finance.

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5 Personal Finance Tips From the Wealth Masters

  1. 1. ==== ====The Truth About Managing Change:http://blog.pro2sell.com/category/ms-in-finance==== ====If you pay attention to these tips like the wealth masters do, you will learn exactly how the top dogsat WMI make their millions. Believe me, it starts small.Small tips make it possible. For instance, knowing what you need money for... what are yourfinancial goals? Why bother with all this? Once that is clear, personal finance becomes personaland steers finance the right way.That, after all, is what personal finance is about. Personal is ones own and finance is a way topay. If one doesnt know why one is paying for anything, obviously one will fumble with ones ownway of paying for it. So tip 1 is, know why you are learning this and why youre spending anymoney.Some of the money mistakes people make start from the late teenage years. They are probablyclimbing up debt through school, house, marriage, or material purchases. Wealth Masters adviseyou keep a tab on how much youve borrowed because that will affect everything about how yourepay for the next 10-20 years and your income is the least at startup. The best way to handle acredit card is to not carry it with you.The third tip is to get a free copy of your credit report every quarter to know you are clean. This willhelp to get an apartment, borrow money, get a cell phone, even get a job. There are manyagencies that organize these reports in USA.If you dont know where your money is going, write down every expense every day for a month...or get a receipt for everything you spend money on. One of the wealth masters discovered he wasspending $350 on taxicabs before it struck home that he neednt be broke because of thatavoidable expense.Finally, use the pegging technique by which you do business with businesses that are the bestbang for your buck. Which is the bargain dry cleaner? Where are the appetizers free? What time isthe half-off movie show? Where do you get flowers cheaper on particular days? Know these thingsand splurge intelligently and economically.Those with kids are advised to start them early on spending education. Even 3 year olds canunderstand the concept of money and control personal finance. Get them into bargain hunting, forinstance finding the best deal on spaghetti sauce - a bigger bottle or a different brand?With that you get the essence of how wealth masters tackle your money issues from the root-up.
  2. 2. The author Sandeep Nath is one of them contactable at http://DoOnlineBusiness.comArticle Source:http://EzineArticles.com/?expert=Sandeep_Nath==== ====The Truth About Managing Change:http://blog.pro2sell.com/category/ms-in-finance==== ====