6 Money Traps To Avoid

Описание: Avoid these 6 simple things and get a great advantage over most people!

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1. Buying an expensive house
Way to many people go and buy the most expensive house they can afford right after they get their first job, this will leave them with so much debt, which will take them years and years to get out of!

2. buying a car
a car is probably the worst investment you can make, watch the video to see how you should do it

3 Credit card debt
The third point most of you have probably heard a 1000 times before, and it is to avoid credit card debt! You will pay a really high interest rate on most credit cards!

4 Not tracking your expenses
The fourth point is actually really simple and can save you a lot of money, so whats not to like? It is not keeping track of your expenses! Make a budget! Thats it! Why do most people fail on this then? Well because.....

5 not having an emergency fond
The fifth point is a little different, and it is to not have an emergency fund, this is something everyone should have, and is a great security to have! When the fridge, car or dinner table breaks you have the money ready, and it wont destroy that months economy.


6 Not investing
So my sixth point is a need, especially on this channel of course! And it is... watch till the end to see it!

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DISCLAIMER: I am not a financial advisor. The ideas presented in this video are for entertainment purposes only. You (and only you) are responsible for the financial decisions that you make.

#Savemoney#Personalfinance #MoneyTraps