Top habits that can make you broke??

Spur in credit card ownership and its wide spread use is an indispensable part of credit cycle boom. No doubt! Question here is whether it is healthy or not from a personal finance perspective? The boom and bust credit cycle in the developed world gives us the answer. As a product, lenders added credit cards into their arsenal after clearly understanding human behavior at finance. Thanks to the behavioral finance school of thought!!! With credit cards, users are tempted to spend their future cash flows well in advance. With plastic money, card holder will be detached from the awkward feel of shelling out hard cash. And this is the trap – you will be tempted to spend more which in turn will result in bad financial decisions!!!! People who embrace fast and reckless spending will loose grip on their personal finance. Wise decision making is the key when it comes to credit cards too. Card holders should maintain their financials clean and order to avoid taking unexpected hit on their future earnings. If this seems difficult, then the best way available is to fallback to our grandma’s habit - where spending was strictly based on savings in cookie jar in kitchen shelf.

It pinches when you give out hard cash, but not that much when you spend by credit cards. It pinches when you have to repay, but not when you borrow.

In my opinion,swiping debit & credit cards are really danger...compare to this carrying cash is better..i don't wanna buy when i have no money on my hand...but i buy when i have card! uff!

If one does not have a track of one"s income and expenditure and have proper accounts of credit card spending, loans, and cash out flow one will easy find oneself in a position of totally broke

many people have gone broke trying too many things they do not know well,they are trying new things/projects at the drop of a hat.you could be lucky and probably may have skills for a another project or two but not always.when you venture into unknown destiny you are taking risk,you could win or you could loose.the probability is not always 50% it depends upon your skills to handle new situation,new technology,new market,new set of customers new team,new suppliers.etc indiscreet expansion,indiscreet diversification.taking up projects much beyond you capacity of management and financial capability.

Today many of the retail investor totally depend on there brokers or broking firm for tips..... The reason behind this is that people not aware of basic fundamental analysis which need to carry out to invest in stock..... people just go with the market trend i.e positive or negative........ just want to say that "Don't invest without analysis even if u r investing 1 rupee"