The money rules which I stopped believing
There are some money rules created by alot of people which I am beginning to disagree with due to my own personal experience and also experience of so many other individuals too..
1..First money rules which I do not agree with is that investing is majorly for the rich..
I have began to realizd that it is false , one can invest with whatever amount they can afford and they can gain financial independence if they invest on the right products/markets...
No doubt , investing more could lead to more profits, but that do not mean one must be a rich investor before they can become rich via investments..
2..Another money rules which I now disagree with is that credit cards helps to deal with various financial crisis..
While this could be true in some situations , it could also make the person to experience several debts if it is not managed well..using credit cards makes me to overspend and the overspending sometimes lead to debts..So I stopped making use of my credit cards often.. .Infact I am making plans to stop using them for now..
3...Invest only what you can afford to loose..
Oh no , I think this has to do with personality of various individuals..
There are some of us that cannot afford to loose anything no matter how small it is , so no matter what we loose we still get hurt, no matter how small or big it is...
Yeah investing could be risky and I am aware of what I am going into , but no I will invest on the right market and believe I would make more profits than loss ,but that does not mean I can afford to loose anything or would wish to be able to afford to loose..I just want to keep winning...winks...cheers...
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