Is this a Good Investment?

I’ve been receiving a lot of emails recently on how to start the new financial year right… from how to save money to how to spend money.

The best financial advice that I’ve received so far came from PersonalAdvice.com. They suggested that you only need one simple financial resolution…

Ask yourself, “is this a good investment?” for every money related transaction you make.

The problem that most people have is that more often than not, they don’t take the time to consider what they’re spending their money on. When you start to view all money transactions as investments, then hopefully you’ll begin to make different choices. Try it for at least 2 weeks. Things that you thought you absolutely had to have may not be so important when you look at them from an investment perspective. On the other hand, things that you thought you could delay getting may be quite important because of the return they will produce.

So the next time you grab a bag of Cheetos, ask yourself if it’s a good investment.

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