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Financial Resolutions and Happy Holidays!
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Jim Mahar
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Dec 29, 2002 22:38 PST
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Happy Holidays!
FinanceProfessor News December 30, 2002
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Happy New Year!
No this is not your typical FinanceProfessor.com newsletter, but there
are so many of you that I wanted to wish happy holidays to and I still
had unused credits, so I figured I would send out a quick webpage update
and release the annual FinanceProfessor list of Financial Resolutions
for the coming year.
Have a great holiday season and a very happy and healthy 2003!!!!
jim
JimM-@FinanceProfessor.com
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Annual Financial Resolutions from FinanceProfessor.com
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These are designed to be useful for all.
1. I will take an honest account of my spending habits, my net worth,
and my investment goals.
2. I will let the power of compounding work for me and not against me
by investing more and by paying off high interest debt (especially
credit card debt which I will entirely pay off during as soon as
possible).
3. I will set up a savings and investment plan and stick to it (hint:
the best way to do this is with an automatic withdrawal program).
4. I will spend less than I want to and save more than I think I need
to.
5. I will remember that there is “no free lunch” and if something
looks too good to be true, it probably is.
6. I will diversify my investments to reduce risk.
7. I will not get caught up in daily market volatility but will keep
my eyes on my long term goals.
8. I will remember that there is more to life than money.
9. I will invest not only in stocks and bonds but also in myself, my
family, and my community.
10. I will remember that money is never worth losing one’s family,
one’s friends, or one’s health over.
11. I will be generous with my time and money.
12. I will be thankful for what I have and not jealous of what others
have.
13. I will remember that the most valuable asset that anyone can have
is a good reputation.
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FinanceProfessor.com news
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Over the past week, FinanceProfessor.com has gone through some fairly
major design and content changes. I hope the changes make the site more
useful and easier to use.
I took into consideration many of the suggestions I received last month.
Warning: the changes are not done, so PLEASE be patient. :-)
Some of the changes include:
* An Islamic Finance Page
* A Franciscan Finance Page
* Daily Business News from the New York Times
* A free currency converter
* A new mail system (I have had hundreds of complaints about Bcentral)
and a new yahoo “group” that can serve as a message board (moderated)
and chat room. (I plan on having regular chats whose text will be
saved).
* placing the “fun links” down further to streamline use.
Check the “new” site out and offer any advice you think would be
helpful.
Also for the spring I plan on placing 5 minute audio summaries of each
of my classes online. Stay tuned.
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Well like I said this would not be your typical newsletter! That is all
there is for now. I will save the articles and news I have already
started for a newsletter that will be ready before classes start again.
Thanks and have a very happy, healthy, and prosperous 2003.
Jim
In a still cold Olean NY
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copyright 2002 FinanceProfessor.com
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