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Financial expert Dave Ramsey alsoadvises practicing contentment.
This is especially true when youre overcomplicating things as a beginner.
Allocca wrote, Investing should be simple and boring.
Stop following fads and picking stocks.
Choose an index ETF or atarget date fundand set it & forget it!
Either option can bring simplicity and save you time versus keeping up with several stock picks.
However, youll want to do it the right way.
Doing so might cost you more in the long run.
Allocca wrote, Your cash position matters; every solid personal finance foundation is sitting on cash!
Allocca recommended using certificates of deposit and high-yield savings accounts to store your cash.
These tend to havemuch higher returns than regular savings accounts.
She wrote, Money opens doors, creates opportunity, and reduces pressure.
Plus, simply having cash for your future plans can reduce your stress and provide peace of mind.
The key is to use your money wisely in ways that benefit you in the long term.
Wasting it on an expensive item youll forget about shortly after likely wont bring youlasting happiness.
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