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Articles in the Pitfalls category


Frugality Is Relative. If You Can’t Save, You’re Spending Too Much.
Posted in Personal Finance, Pitfalls, Save Money on 29 August 2007

It’s good to read books, subscribe to blogs and talk about personal finance and wealth building, but the hard part is to put ideas into action. When it comes to wealth building, I think too many people focus only on making more money. Theres all sorts of books, websites, blogs and get rich quick schemes [...]

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Three Things About Your Car That’ll Hurt Your Bottom Line
Posted in Personal Finance, Pitfalls on 22 August 2007

One of the most expensive things everyone buys every five years are cars, second to a house. There are all sorts of websites out there where you can research cars before a purchase. Sites such as edmunds.com, kbb.com, and MSN autos all give a general picture of car features, initial quality and reliability, but [...]

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Why Do People Still Buy Get Rich Quick Programs?
Posted in Consumerism, Pitfalls on 1 August 2007

Who would like to make thousands online? Easy, just buy a “wealth package” on ebay and read up. Who would like to make $20,000-$50,000 per real estate investment deal? Easy, just attend a real estate wealth building seminar and buy whatever it is they are offering. I’m simply amazed by the amount of these get [...]

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My Decision To Get Rich; A Complete 180
Posted in Consumerism, Personal Finance, Pitfalls, Save Money on 16 July 2007

I get a strange feeling when I think about how I became the person that I am today. Here I am, 23 years old and I’m writing articles about wealth building; making, saving and investing money. Money topics have become an adopted language to me. I talk about money around some of my best friends [...]

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Two Types of Spenders: Consumers Who Look Rich, Investors Who Are Wealthy.
Posted in Consumerism, Personal Finance, Pitfalls on 4 July 2007

When it comes down to it, I see two basic mentalities that people have when it comes to spending and allocating money. There are people with the consumer’s mentality who try to look rich and there are those with the investor’s mentality who are truly wealthy. In the long run, a person with the investor’s [...]

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