Mistakes in and of themselves can be costly. Financial mistakes can cost you even more. That is why Notorious B.I.G said more money more problems. What he was really saying was more money more expensive problems. When you make mistakes it usually cost you something.
Mistakes can cost you friends, time, your freedom and quite often money. Financial mistakes cost you money today and they cost you future money because you lose the “time value” of your money. A dollar today will never be worth more than it is right now at this moment. Inflation alone is doing damage to your poor little dollars but the global economy is having an even bigger effect because it is ever changing and the dollar can barely keep up. Not to mention if you invested your dollar the interest you gain would make it worth more tomorrow.
My job as your Lifestyle Consultant is to help you save money now and in the future on purchases as well as mistakes. Add to that assist you in saving, investing and earning more money. I will share with you my financial mistake and triumphs. Likewise, share yours with us by leaving your comments. If a client of mine makes a financial mistake or triumph I think you can learn from I will share it too. Of course, privacy is important so there will be some things left out to protect the client but the story will serve its purpose and teach you a lesson.
Before making decisions that will affect you financially make sure you have done your homework and get advice from an expert. (Please pay them for their advice.) There is someone who knows what you need to know and they will share it with you. So let them give you the knowledge you need to make an informed decision.
If you have enough knowledge you can save yourself money, stress and time. When you make decisions emotionally you can easily make mistakes. When emotions are high, logic is low so wait for your brain to balance before you make a decision. A financial decision should never be made emotionally. Truth be told 80-90% of all decisions are financial. If you do not believe me count all the decision you make on a daily, weekly, monthly bases and if they have a $ sign attached to them they become financial decisions.
Take these emotional decisions: Which engagement ring to buy, what to get your children for Christmas, which car to drive, how much money to put into the church offering, which restaurant to take your date to, where to go on your vacation. I can go on and on but you get it. All of those decisions deserve some logic but they are usually almost 100% emotional.
So if you really want to be smart, get advice and determine which information directly pertains to your situation. There is a lot of information out there. Let someone with experience help you sift through it all. The more wealth you want to have the more knowledge and knowledgeable people you need to have.
Subscribing to this blog is one step to informing yourself. Share this blog with your friends by posting the link on your Facebook wall. www.presidentialife.wordpress.com Also, if you ever need advice, financial or otherwise email me and I will direct you to the right person if I can’t help you personally. firstname.lastname@example.org
Getting advice…Now That’s Presidential!