Know exactly where you spend your money. Create a system for tracking profit and loss, and returns on investment.
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When it comes to the power of compound returns in the stock market, there are five very important takeaways:
Use a tracking tool to see where your money is going. (e.g. Mint) Don’t just go and “create a budget”.
Choose the things you love enough to spend on— and then cut costs on the things you don’t love. This leads to a happy, rich life, not living a life of frugality for no rea...
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