You insist on doing wrong things-proiezionidiborsa.it
Poor financial education for some means losing money frequently. We are sorry but this is not always the case, or at least not directly. Sometimes money management has little to do with some errors and evaluations. We don’t always lose economic resources because we don’t make the most of them. Do you insist on doing these 5 things that make you lose money continuously. And they are not stock market investments! In most cases, these are bad habits, not actual decisions.
Not only does a lack of knowledge of investments in stocks, bonds and real estate lead to losing money or rather to losing earning opportunities. Managing your money better means getting higher returns over time. These lead to then having more resources, and therefore could allow a better lifestyle. For example, more holidays, more relaxation, more than 360 degrees of well-being.
The mistake we Italians make is to keep money in the bank account for years. Recently, a survey by Bank of Italy and other bodies has recorded that the sums deposited in the current accounts of Italians are close to the national GDP. Crazy! And the most anomalous thing is that if invested in government securities, bonds and stocks or real estate in that same time (it is also 30/40 years!!!) they could have doubled, if not tripled or quadrupled their money.
Bad management of the current account could cause money-proiezionidiborsa.it to lose
This is a mistake not only of poor financial education, but above all of a psychological one. Money is kept in the current account also for fear of “what could happen negatively in our lives”! In 98% of cases, nothing you think will happen!
Do you insist on doing these 5 things that make you lose money continuously
Let’s see the other four. You know that buying cheap things could cause you to lose money, and even a lot, sometimes a lot! I tell you what happened to me a few years ago. A trusted electrician advised me to buy a bargain video intercom. He cost 2/3 times less than the others. For reasons that the reader will understand, I cannot say the brand or the type of shop where I bought it. I spent around €250. For the installation I spent another 100€. Total expenditure 350 euros. After 5 months the video intercom started giving problems. My electrician asked me for 50€ for assistance. After another 15 days, new problem and another 50€. Probably an “electrical surge” had damaged the video intercom. We change it and new installation: another 350€. Total expenditure up to that moment: €800. I clarify that where that video intercom was bought there are no guarantees on the purchase.
What a bloodletting!
After 9 months, the videophone doesn’t work. Another 50€ of assistance. After another 6 months new problems, and in exasperation I decide to change the video intercom and buy the best one on the market. Cost €1,100. Installation €150.
My electrician was charged an additional 50€ for each intervention-proiezionidiborsa.it
Total cost: €2,100. After 8 years this video intercom has never given me any problems. To save money in the end I lost €1,100. We can do the same thing when we buy cheap shoes and clothes. Low cost often means low quality. Things that are cheap certainly have a lower quality than what costs more. This is an economic law! And therefore we are forced to buy more times and spend more money without thinking about the mistake we make. Savings my grandmother used to say is almost never earnings! I learned the hard way that this is very often a holy truth.
Among the others that make us lose money, I also add health and it is this: do not carry out periodic checks. Many don’t think about it, others neglect themselves, still others do it to save on expenses. Unfortunately, often, not doing the checks can lead to dangerous consequences for our health. In some cases some trifles then become serious problems if neglected, Being sick means carrying out more checks, and how the Healthcare system is set up in Italy (to visit state centers and therefore which are cheap, sometimes you wait months, and even years !). We therefore end up turning to private individuals with costs that are sometimes not within the reach of one’s pockets. Paying checks often makes us feel better and spend less money.
Periodic check-ups are important for various reasons, including economic ones
We come to the fourth topic.
Often many when they travel avoid traveling the highways to save on toll booths. Many do not realize that in this way they lengthen the journey and therefore spend more on petrol. But that’s not all: on secondary roads, any assistance could also arrive late.
That’s why you insist on doing these 5 things that make you lose money continuously. And this that follows is the last of many others that we do without realizing it.
What is it about? We buy many things for our home: furnishings, plates, dishes, appliances, sometimes even clothes, which we hardly ever use. They soon go to the attic or garage! What a waste! Not to mention the waste we make in the kitchen.
Wasting food means losing money-proiezionidiborsa.it
How much food do we throw away?
Just have a little attention to spend less money. In the end maybe wasting less money could make us much more money than a good investment could. Do the math and you will realize that we are not wrong! The average salary is €1,464 for 13 months. Through simple additions we have seen that there is almost nothing left and sometimes it is difficult to make ends meet.
Let’s take a small example: we save 100 euros a month on our salary. You insist on doing these 5 things that make you lose money continuously along with many others that make you waste 1 euro a day (it will actually be many more). In 20 years you have saved €26,000. Let’s say that with an investment in the Stock Exchange we have doubled in the same period of time and therefore I have €52,000.
In the meantime, in 20 years we have wasted 1 euro a day equal to 7,300 euros. Are you really convinced that we waste 1 euro a day? We believe at least 3/5. Do your calculations. Think people think! And how much money do you lose a day without realizing it? That’s why maybe one day you won’t be richer, and not by a little!
