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Managing Personal Finances

nt! Don’t be afraid to take calculated risks. This does not mean that you can actually jump off of a cliff, because that would be a foolish risk, this means again to foresee the results and consequences of your actions. The successful people in society are the ones who don’t do the same thing as everyone else. For example, look at the modern art. This type of art is so profitable because it is so different from any other art created. It is also important to beware of credit. Don’t borrow excessively, because it will soon become debt, which has interest and other consequences. Instead, set a budget and stick to it firmly! Attitude is also an issue in financial success. If a person has a poor attitude, he will only get what he deserves! If the worst is expected, the worst will happen. It all comes down to the power of one’s mind. Think positively! When setting goals, focus on the positive aspects, and don’t include any negative words. Everything can be rephrased to be positive. Successful people are optimists! In order to be an optimist, only associate with optimists. The saying, “You are who you hang out with,” is indeed very true. Always be prepared. The successful people in life are ready for whatever life gives them. We must all play the hand that is dealt to us, and if life deals a bad hand, make the most of it, that’s what is important. With respect to real life, insure yourself, and your property; expect the unexpected. Also, learn how to say NO! Replying always with “yes” can put one in a bad position, especially in terms of credit. Have some discipline.The most important reason why people fail at achieving financial success is the failure to set goals. Goal setting is very important in life. It provides a motivation to work towards. Very few people actually set goals; statistics say that 5% of the population sets goals, and only 2% of those wr...

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