Make financial decisions with your head, not your heart. Don't change your strategy because of the current financial climate.What advice would you give to someone about making financial decisions?
What kind of decisions are we talking about? Buying a new pair of shoes and investing thousands in the stock market or a new business venture carry different weight.
Either way you have to weigh the pros and cons. It is very easy to get caught in the excitement and hand over the money. There is nothing wrong with taking some time to think about it.
If you are looking to invest in a company do your homework. Do you really understand what they do? Are they creditworthy?What advice would you give to someone about making financial decisions?
Stay as far away as possible unless they're about to invest in a car dealership. If its' some kind of inside information that you may possess, the wealthy do this crap all the time, try to limit it to family members only- not that I ever have but one hears things.
If they are family dont get involved. Talk to them but dont put yourself out there.
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