Wednesday, January 28, 2009

Money, Money, Money...Maaaa-ney

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Are you frugal with your money or are you a spender?

Do you flaunt your hard working cash or do you live subtly?

People treat and act upon having money differently based on their values and beliefs. There are millionaires out there that when you look twice, you would not think they were worth 7+ figures. As with everything else in life, there are 2 extremes with having a lot of money, being thrifty and being liberal with your savings.

There is a flip side to both. If you are frugal, you fear the loss of your hard working capital. This includes not donating it to worthy causes, however it is your choice on how you want to control your fortune.

For those who are liberal, they may over extend themselves to the point of no return. This aspect may go along with those who do not know how to manage or invest their money properly.
I found this interesting article in MSN.com's Money section about people who are millionaires but you would not tell by they way they live their lives...then again who determines this?

http://articles.moneycentral.msn.com/Investing/StockInvestingTrading/secret-millionaires-addicted-to-saving.aspx

Equal balance or favor towards one side of the extremes?

Tony

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