Don't make these 4 money mistakes
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Don't make these 4 money mistakes
Suze Orman to millennials:
1/ Don't buy a home because you think you should
If you can't afford to buy, don't stress. It's okay to rent, Orman says, especially if you live in a pricey city like San Francisco or New York.
"I know a lot of you think the key to wealth is buying a home, paying it off and owning your own home outright," Orman says. However, "sometimes it makes sense to own a home. And sometimes, depending on where you live, it makes sense to simply rent."
2/ Don't spend to impress other people
Orman doesn't believe in buying things in order to prove your worth to people you "don't know or like."
3/ Don't blindly trust your financial advisor
A financial advisor can help you get organized and make good decisions when it comes to money, but it's crucial to make sure that you're working with someone you trust.
4/ Don't loan other people money
"Never, ever, ever co-sign a loan for anybody, do you hear me?" Orman says. Co-signing a loan makes you equally responsible for paying the money back. If the person you signed for fails to make payments, it could hurt your own credit score and put you into debt.
Orman also advises against serving as a bank for friends or relatives: "Don't loan money to anybody." If you do decide to help someone out, keep in mind that you aren't likely to see that money again, or at least not all of it.
1/ Don't buy a home because you think you should
If you can't afford to buy, don't stress. It's okay to rent, Orman says, especially if you live in a pricey city like San Francisco or New York.
"I know a lot of you think the key to wealth is buying a home, paying it off and owning your own home outright," Orman says. However, "sometimes it makes sense to own a home. And sometimes, depending on where you live, it makes sense to simply rent."
2/ Don't spend to impress other people
Orman doesn't believe in buying things in order to prove your worth to people you "don't know or like."
3/ Don't blindly trust your financial advisor
A financial advisor can help you get organized and make good decisions when it comes to money, but it's crucial to make sure that you're working with someone you trust.
4/ Don't loan other people money
"Never, ever, ever co-sign a loan for anybody, do you hear me?" Orman says. Co-signing a loan makes you equally responsible for paying the money back. If the person you signed for fails to make payments, it could hurt your own credit score and put you into debt.
Orman also advises against serving as a bank for friends or relatives: "Don't loan money to anybody." If you do decide to help someone out, keep in mind that you aren't likely to see that money again, or at least not all of it.
KatN
Re: Don't make these 4 money mistakes
1/ Don't buy a home because you think you should
cái nầy không đúng lắm, nếu ngày xưa anh không mua nhà thì giờ chỉ có ở apartment muôn năm, sometimes depends on your luck
anh mua nhà đơn giăn là có chổ "đi vô đi ra"
cái nầy không đúng lắm, nếu ngày xưa anh không mua nhà thì giờ chỉ có ở apartment muôn năm, sometimes depends on your luck
anh mua nhà đơn giăn là có chổ "đi vô đi ra"
_________________
8DonCo
Re: Don't make these 4 money mistakes
Em agree with anh cái #1 không đúng 100% tại mua nhà ít khi bị lỗ nếu mình planned ở lâu dài . Còn người thích đổi job and move every 2-3 years thì mua nhà chưa chắc là good investment.
KatN
Re: Don't make these 4 money mistakes
4/ Don't loan other people money
"Never, ever, ever co-sign a loan for anybody, do you hear me?" Orman says. Co-signing a loan makes you equally responsible for paying the money back. If the person you signed for fails to make payments, it could hurt your own credit score and put you into debt.
Orman also advises against serving as a bank for friends or relatives: "Don't loan money to anybody." If you do decide to help someone out, keep in mind that you aren't likely to see that money again, or at least not all of it.
Đúng nè, cho mượn mà không đòi là mất tiền, mà đòi thì mất lòng .
May4phuong
Re: Don't make these 4 money mistakes
hồi xua thích nghe bà này nói ...giò hết thích rùi, nhảy qua nghe ông Dave Ramsey
Phàn
Re: Don't make these 4 money mistakes
Phàn wrote:
hồi xua thích nghe bà này nói ...giò hết thích rùi, nhảy qua nghe ông Dave Ramsey
mà mấy cái đó ai cũng biết
số 4 dân VN biết hồi tạo thiên lập địa
cho mươn tiền mất bạn, bán chịu mất mối còn hay hơn bả nói
_________________
8DonCo
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