1) "If you are buying something that you will use often and for a long time, never go cheap. You'll end up replacing it sooner or paying more in maintenance costs than if you had spent more on good quality in the beginning. Plus, you'll enjoy the nicer product throughout its lifetime, rather than cringing every time you use something that is falling apart." -- bretts
2) Don't spend money on a credit card that you can't afford to pay back. The interest and late payments can put you in a hole that can take you years to pay back.
3) Compound interest is your friend. Saving even a relatively small percentage of your income each year, starting at 18, can leave you in much better shape by the time you're ready to retire.
4) If you're working with someone who can be bargained down on a price, it seldom hurts to try. The exceptions may be someone of exceptional talent, someone you're going to have to work with on a regular basis, or someone whose help you're going to need in a timely manner.
5) Try to keep enough cash to pay your bills for at least six months in reserve. It will make your life immeasurably easier if your car breaks down, you have a surprise medical expense, or you get an opportunity to get a fantastic bargain.
STAY TUNE FOR THE OTHER 45...
2) Don't spend money on a credit card that you can't afford to pay back. The interest and late payments can put you in a hole that can take you years to pay back.
3) Compound interest is your friend. Saving even a relatively small percentage of your income each year, starting at 18, can leave you in much better shape by the time you're ready to retire.
4) If you're working with someone who can be bargained down on a price, it seldom hurts to try. The exceptions may be someone of exceptional talent, someone you're going to have to work with on a regular basis, or someone whose help you're going to need in a timely manner.
5) Try to keep enough cash to pay your bills for at least six months in reserve. It will make your life immeasurably easier if your car breaks down, you have a surprise medical expense, or you get an opportunity to get a fantastic bargain.
STAY TUNE FOR THE OTHER 45...
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