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Posted in Community :

Banking & Insurance Professionals

 
Started by : Rashmi Patil, Financial services   03 01 2011 11:03:14 +0000
Industry : Private Banking/Wealth Management
Activity:  32 views;  last activity : 03 13 2011 13:51:32 +0000

How much ever you earn, it never seems enough, right? Recognising and eliminating some of the common money mistakes you make is the first step to financial independence. Let us analyse and list some major money mistakes so that we can avoid them from happening..

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1 2 3 4 5
1 We are too optimistic
2 WE WORRY ABOUT MAKING MISTAKES
3 I Fail To Earn Enough Money And Be Tensed For Not Having Enough....
4 Don't always follow mass, rather take your own decision to invest with future planning
5 Never tempt to spend on discount items which are not required
6 I Fail To Earn Enough Money And Be Tensed For Not Having Enough....

We are too optimistic

idea posted by Rashmi Patil Financial services

Optimism is often a good trait, but take it too far and you’re not left with much to feel optimistic about. While blowing up your money sounds like fun, if you are to live for another 50 years, you’re probably going to need that money to do the world tour, which you’ll be able to afford only if you save! The benefits of saving money are numerous, but it’s especially crucial as it’s the only way to deal with the bouncing economic of the past few years. So ensure to save for a tomorrow that might just exist.

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Truly said..Saving is a good habit to develop.

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WE WORRY ABOUT MAKING MISTAKES

idea posted by Nilesh Pawar Legal & Secretarial, Valencia Professional & Management Services LLP

We tend to think too much about failure or mistakes before doing anything. Be optimistic and think positive. Know your needs in advance and make provision for it beforehand. Cut your coat according to your cloth.

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We are worried due to chance of failure. I support your idea, Nilesh.

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I Fail To Earn Enough Money And Be Tensed For Not Having Enough....

idea posted by suhaschandra deshpande Marketing Associate
I face difficulty in guessing how much do I need to be able to be satisfied....
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Don't always follow mass, rather take your own decision to invest with future planning

idea posted by pranav patwardhan Territory Officer-Direct Sales, Hindustan Petroleum
One should invest taking into account risk appetite of the self and pattern of market in which he invests.e.g.investment in real estate should be made with utmost care as chances of getting good return are as high as losing your money in case of market correction. Though real estate sector is experiencing windfall returns, one should inquire and select the property, also taking into account the market condition.
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Never tempt to spend on discount items which are not required

idea posted by N.Sreenivasa Rao Construction Management, Central Public Works Department
Most of the times when we go to a mall or supermarket, we tempt to buy something which are on discount sale ,which is absolutely not required for our use.We can avoid it to save money for optimum use.
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I Fail To Earn Enough Money And Be Tensed For Not Having Enough....

idea posted by suhaschandra deshpande Marketing Associate
I face difficulty in guessing how much do I need to be able to be satisfied....
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