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Money Management I wish I was taught years ago

by magnates
1 replies
Hey warriors ,

Came across this video not too long ago and I wish someone sat me down and thought to practice this 7 years ago . I would have bought my house in cash by now

Anyways , Here's the video ... Hope you found it as useful as i did

#ago #management #money #taught #years
  • Profile picture of the author omoblessed
    The video sound was not as clear on my system. Well, one of the most important approaches of money management is preservation of funds or investable money. Say it like an economist like me, it involves optimization of cash inflows(money), and minimization of cash outflows. You start by learning how to save a fraction of your income for possible future investments. Without savings, no investment; without investment no good money management. You have to learn to recoup returns on investment for further re- investments.Your marginal propensity to save(mps) should be enough to curb your marginal propensity to consume(mpc) to keep yourself at equilibrium.
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