It is normal to feel negative about money. For example, you may be paying off a college loan and feel anxious and guilty when thinking about your debt.
You may fixate on all the feelings around the terms of a loan, the interest on the loan, how much money you have to make a payment, the job you'd have to do to get to be where you want to be. These feelings can be made worse when you compare yourself to others. You can't go on vacation, but your friends can. Or they just bought cars, but you can't.
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The best thing to do with your money during a recession is to pay off your credit card debt.
Paying off a credit card that charges 18% interest is equivalent to getting an 18% return on investment. You may not get that from most other investments during a recession.
The most important emotions about money to become aware of are fear, guilt, and shame. Without awareness, these emotions will interfere with your rational thinking.
How much does the company owe, and how much does it own? Debt versus equity. It’s just the kind of thing a loan officer would want to know about you in deciding if you are a good credit risk.
A normal corporate balance sheet has two sides. On the left side are the assets (inventories, recei...
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