Finances – You Can be Smart, or You Can Be Stupid
When it comes to managing your money, you have two clear choices, and the choice is yours. Do you want to conduct your financial life intelligently? Or, do you want to be an idiot about it?
Really, it’s just that simple.
Smart is being mindful of your spending, and always seeking good value for good items.
Stupid is buying impulsively, and without pondering the consequences of spending that money.
Smart is looking online for financial resources and assistance.
Stupid is saying that you’re too old to use computers, or that you don’t like being online.
Smart is reading the latest books like Smart Business, Stupid Business by Diane Kennedy CPA.
Stupid is playing video games instead of minding your financial affairs.
Smart is owning a few shares (or more) of solid companies like Berkshire Hathaway.
Stupid is not knowing who Warren Buffett is, or what his role in Berkshire Hathaway is. (Hint: He’s like the all-time best investor ever!)
Smart is keeping an eye on your expenses. Do you pay attention to what temperature your thermostat is set at?
Stupid is pretending that things like utilities expenses don’t impact your long term wealth.
Smart is turning your hobby into a business, and turning that business into valid tax deductions.
Stupid is not staying up-to-date on tax law and tax changes. The government favors business owners these days. If you don’t have a business, it will cost you in your taxes.
Smart is thinking like Walmart. They watch every penny.
Stupid is letting those pennies slip through your fingers because you were not paying attention to the small stuff.
Smart is staying informed about what’s going on in the markets.
Stupid is not staying current with the state of the economy, inflation, deflation, interest rates, and business news.
Smart is having taken the time to read this article.
Stupid is the guy or gal who didn’t stop by this blog to pick up all the great information.
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