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Tag Archives: building assets

Personal Finance Needs Personal Attention

There is never a bad time to sit down and assess your financial position. It is fine to plan, make some decisions and implement them. The problem is if circumstances change. Where would the person be who took out a huge mortgage just before the Collaterized Debt Obligation crisis if he couldn’t adapt to the crash? He certainly found himself with real estate valued far lower than it was when the mortgage was agreed. So let’s forget that resolutions are for New Year and look at some things that you should look at today, just to make sure you are on the right lines. Your Aims You need to know what your aims are in the short and medium term at least. In the short term you want to know you can meet your current commitments. In the medium term if you want to buy real estate or a new car you will need to be doing more than meeting your bills each month. It is particularly important for you to use your credit card for convenience and not see its outstanding balance building up month by month because you are overstretching yourself. Debt If you have debt have you ...

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