? asked in Business & FinancePersonal Finance · 1 decade ago

What are your best financial tips?

9 Answers

  • Anonymous
    1 decade ago
    Favourite answer

    -Avoid marrying the wrong person. Marry rich or at least somone that is good with money.

    -Never co-sign a credit card/loan.

    -Invest at least 15% of your income. Learn about IRA Roths and No-load mutual funds.

    -Spend more time reading instead of watching TV.

    -Use your public library.

    -Stop drinking soft drinks. They cost money and rot your teeth.

    -Eat in more and avoid junk food.

    -Create a budget.

    -Drive slower you will save gas and avoid accidents.

    -Spend less than you make.

    -Invest in a good education.

    -Get a good paying job with the government or a good company.

    -Start listening to positive books on cd from your library.

    -Check out Automatic Millionaire, Clark Howard and Dave Ramsey's website.

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  • Anonymous
    1 decade ago

    Here are some financial tips

    1.Spread your savings around

    2. Deal with your debts

    3. Reduce mortgage payments

    4. Review your home insurance

    5. Switch utility companies

    6. Start a pension

    7. Take out Critical Illness Cover

    8. Make some passive income

    9. Start saving now.

    10. Aim now to reduce Inheritance Tax

    11. Make a Will

    Good luck

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  • 1 decade ago

    I am Mrs Mary Kent,currently living in New jersey city,USA.I am a widow at the moment with three kids and i was stuck in a financial situation by may 2009 and i needed to refinance and pay my bills.I tried seeking loans from various loan firms both private and corporate but never with success,and most banks declined my credit.But as God would have it,i was introduced to a man of God a private loan lender by name Mr Mikel Locke who gave me a loan of $50,000USD and today am a business owner and my kids are doing well at the moment.So dear,if you must contact any firm with reference to securing a loan with low interest rate of 3% and better repayment plans and schedule,please contact Mr Mikel Locke.He doesn’t know that am doing this but am so happy now and i decided to let people know more about him and also i want God to bless him more.You can contact him through his email at mikellockelendingfirm@gmail.com

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  • ?
    Lv 7
    1 decade ago

    Pay yourself first, meaning 10 to 15% of your paycheck goes immediately into savings.

    Keep a written journal of your daily spending

    Have a budget

    Only buy what you can afford

    Use of credit cards is for emergencies only. Emergency is when you are on a trip and your car breaks down.

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  • Anonymous
    1 decade ago

    If you want to invest successfully you are going to need to take two actions. Start as soon as possible and invest wisely. Forty years of investing $100 dollars will net you $326 if you invest it at 3% or $37,872 if invested at 16% which some mutual funds have done. The difference is investing wisely!

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  • 1 decade ago

    Understand the power of compound interest...

    Whatever your age make an investment, or open a savings account with a good interest rate, with a monthly contribution - don't touch it and see how it grows over time, you'll be amazed.

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  • 1 decade ago

    save and contribute to retirement plan on a monthly basis.

    re invest any tax refunds in tax free saving accounts

    never draw from savings to pay for luxuries

    pay off credit card debt

    keep only one credit card on you and only use if absolutely essential

    pay cash for food and other items to see how it really makes you realize what things cost.

    never pay for a credit card.

    use a debit card if you have allocated money for a certain expenditure

    never loan money unless you are ok with either not getting it back or jeopardizing a friendship.

    never sign surety for anyone.

    never sign anything you do not understand fully.

    invest in property if you can and stay in despite ups and downs.

    only invest in stocks if you can afford to lose your boots!

    good luck.

    Source(s): prof j
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  • Anonymous
    5 years ago

    Spend less than what you earn and tried to focus on two thing 1) earning 2)Saving

    That's all

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  • Anonymous
    4 years ago

    Try forex trading, also you can buy real estate for pennies on the dollar by buying from tax auctions. Check with your county court house.

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