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08-23-2007, 12:02 AM
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Senior Member
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Join Date: Aug 2007
671 posts, read 472,511 times
Reputation: 184
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Best Financial Advise
I would like to know what was the best financial advise you have ever received.
And if there was one financial book you would recommend what would it be?
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08-23-2007, 01:49 AM
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Senior Member
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Join Date: Jun 2007
Location: Colorado, Denver Metro Area
870 posts, read 881,062 times
Reputation: 217
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Never barrower or lender be.  This is an old saying (that today is almost impossible). |
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08-23-2007, 08:18 AM
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I'll turn out the lights
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Join Date: Feb 2007
Location: NJ
6,533 posts, read 5,354,447 times
Reputation: 1347
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pay yourself first, and increase your savings every time you get a raise
run your cars into the ground
and the obvious - if you can't pay the card off each month, don't use it.
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08-23-2007, 08:40 AM
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Knot T Member
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Join Date: Jul 2007
Location: Mayberry Montana.
4,152 posts, read 2,897,536 times
Reputation: 1851
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Live within your means and don't borrow from a bank except in a dire emergency. Cut up your credit cards. For medical bills, payments can usually be arranged with no interest or finance charges. I have never had a credit card in my life.
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08-23-2007, 07:54 PM
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Senior Member
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Join Date: Jan 2007
Location: Tampa Bay
916 posts, read 878,639 times
Reputation: 255
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Don't borrow from banks or lenders. Live according to what you make. Hopefully we can find a way to make housing self sufficient and extremely affordable. If not in this world, maybe in a perfect world. Where your food is grown in your home and the plants make your air fresh and clean, and your energy is produced by your own systems, and your water is collected for your family. No utility bills, no debt, no owing to banks and lenders, no real estate housing fees, and most of all not paying a lifetime to own your own home. Family Security. Even in times of economic crisis. Just pay your land taxes and that's it.
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08-23-2007, 08:21 PM
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Senior Member
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Join Date: May 2007
220 posts, read 185,813 times
Reputation: 74
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Don't solicit financial advice from a travel forum |
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08-23-2007, 09:39 PM
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Senior Member
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Join Date: Jun 2007
Location: Tuxedo Park, NY
419 posts, read 496,547 times
Reputation: 145
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I could ramble on for days about quantitative analysis, computative finance, and interest rate derivative models, but I'll keep it simple.
There may not be a lot of gold in a gold rush; but you can sure make a lot of money selling shovels.
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08-23-2007, 10:06 PM
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Live. Laugh. Love.
Status:
"So tired of ignorance."
(set 3 days ago)
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Join Date: Jun 2007
Location: Denver, CO
478 posts, read 421,187 times
Reputation: 265
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Never go into debt for anything except a house, a car or a student loan.
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08-24-2007, 12:24 AM
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Senior Member
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Join Date: Jul 2007
Location: California
1,814 posts, read 1,266,434 times
Reputation: 1067
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Never let your emotions make your financial decisions & never, ever, EVER let friends or relatives "borrow" money unless you don't want it back... As far as the book, "The Intelligent Investor."
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08-24-2007, 07:49 AM
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Senior Member
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Join Date: Jun 2007
1,413 posts, read 995,101 times
Reputation: 540
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Be leery of stock recommendations on the internet.
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