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In apost on his website, he outlinedeight things that can ruin your finances if you buy them.
ONeal urges parents, friends, and family members to prioritize thoughtfulness for Christmas.
Traveling is expensive, and adding souvenirs to your trip costs can addeven more financial stress.
New Cars
New cars might look shiny and fun, but they are detrimental to your finances.
This near-instant depreciation costs you thousands of dollars and can contribute to big trouble with your car loan.
This means thousands of extra dollars are spent on new phones that may haveminor technical upgrades.
Robbins says to fight the urge to upgrade every time something new is available.
Many people fall for this and invest in things they have very little to no understanding of.
Unfortunately, these investments often result in lost money.
To guarantee youre maximizing your chance of making a profit, only invest in things you fully understand.
For many, its important to impress their date, but its possible to date without going broke.
ONeal advises not to loan a loved one money.
Hounding someone because they havent repaid their debt to you will strain or ruin your relationship.
Giving what you are willing to part with may make it stronger.
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