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In this installment, I share nine major themes that I teach my students each semester while they take a mandatory personal finance course. Just about everything I teach can fit under one of these themes. This installment is designed to introduce the next series of installments as we progress from the How To Get A Pay Raise in Three Months series to a more in-depth discussion on how to win financially. In addition to these major themes, I briefly list a few other common financial concepts that you might consider. This installment is the first in a series that will explore all of these themes in more detail in the coming weeks. The themes are:
- Think differently
- Have a plan for everything
- Build your asset column
- Avoid debt
- Pay yourself first
- You have to protect yourself from your own worst financial enemy
- Let banks work for you
- Before following someone’s financial advice, ask yourself if they benefit if you follow their advice
- Don’t hoard…Don’t be greedy. Spend and give
