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Youre a smart person.
Your mom says so.
Your teachers always said so.
Your boss says so.
You have the grades and the good job to prove it.
Youre smart in all areas of your life so why wouldnt you alsobe smart about your money?
Its not so simple.
After all, youre not one of those people whod stuff their money in a mattress.
Todayshigh-yield savingsand checking accounts can offer annual percentage yields (APYs) of 4% or more.
This leaves money on the table and erodes your purchasing power over time.
But not all debt is equal.
The longer your money is invested, the more it benefits from compound growth.
Waiting too long could cost you thousands in potential gains and passive income.
Budgeting effectively can help you live within your means, manage debt, and prioritize saving.
But budgeting alone wont grow your wealth.
Think of your budget as the blueprint not the whole building.
Always Choosing the Cheapest Option
Youre a logical person, obviously.
You know that choosing the least expensive option of just about anything is the way to save money.
Many people perhaps you included labor under the assumption that they really havent grown up until theyvebought a house.
Its often seen as the ultimate sign of financial independence.
And it can be, but only if youre ready.
Have you worked with an agent you trust?
Found programs that will help defray some of your down payment?
Can you afford closing costs and still have money left over for emergency expenses or repairs?
Homeownership can be a smart investment, but the timing needs to be right.
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