Learning how to properly manage money is crucial to our survival. Our ancestors had to learn to deal with money the hard way to be able to control their personal finances. A lot of us don’t live like that way these days.

Stay aware of what’s going on in the world so that you know when the market may be changing globally. Americans mostly ignore news that is not focusing on the U.S. which is a big mistake. If you decide to get involved in the stock market, make sure to keep up with world events.

Profits need to be protected and reinvested as capital invested. Set a standard for what profits you keep as profit and what is reallocated into capital.

Stop loyal purchasing of certain brands unless there are coupons for them. As an example, while you may have always purchased brand X detergent, but Gain has a $3 off coupon available, purchase the Gain and save some money.

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