1. Failure in achieving my goal gets me demotivated, how can I push thru despite of the adversities?
- I fail at stuff all the time! You just have to keep reminding
yourself if at first you don't succeed, then try again. Nothing that
is worthwhile is easy - this is what I always tell myself.
2. If I choose to graduate in a big university, is it an assurance that I will become successful?
- No, there are no guarantees or assurances in life. Having a good
education is essential, but people can be successful without a college
3. Is insurance a waste of money?
- Insurance can be a waste of money if you don't have the proper
amount. You need to ensure you are insuring against the risk, that
you've estimated the risk correctly, and that you have the right level
of insurance. Having too much insurance is a waste of money. Having
too little insurance can also be a waste of money because it may not
do you much good if something tragic happens. See the several posts
at www.MoneyAhoy.com about insurance that I've written recently.
4. I’m pre-occupied with my present job but I want financial change, where do we start?
- Start small with a side business. Other ideas are to get your
current employer to pay for your education on a new skill if they
cover this type of thing. I've started several businesses in my spare
time. Some pan out and some don't.
5. Should we teach children to handle money early? Kids should have fun first?
- Yes, you should teach children to handle money early. This can be
accomplished through a simple weekly allowance and forcing them to pay for those "want" items using their own money. This will teach them to save responsibly in order to purchase things they desire. This will
also teach them the economic rule of scarcity.
Do you have a great story about this? Share it!