Impulse buying is the sudden urge to buy something without thinking about it carefully. It can be a tempting trap, but it can also lead to financial regrets. In this Pearls of Wisdom episode, our CEO George Joseph gives some helpful suggestions on how to avoid impulse buying: •Give yourself an out or opportunity to think about what you're buying. This could be something as simple as waiting 24 hours before making a purchase, or it could be putting the item on hold for a few days. •Stop, take a break, and think about it well before making the purchase. Ask yourself if you really need or want the item and if you can afford it. •Consider the opportunity cost of the purchase. What else could you do with the money instead? By following these tips, you can avoid impulse buying and make more informed financial decisions. #dcfcu #PearlsOfWisdom #ImpulseBuying #FinancialTips #GeorgeJoseph
Dade County Federal Credit Union’s Post
More Relevant Posts
-
Father, Wealth Advisor, Podcaster, Traveler, Singer-Songwriter, and Pickleballer
In this weeks episode I will be talking about Wealth Decision #10- Know Your Money Values. So would love to know what money or wealth means to you? Take the survey below. https://lnkd.in/gYMKQuRM
-
Helping people visualize their financial dreams and develop a plan on how to reach them
A lot of buying and selling decisions in the markets are not based on numbers at all - instead, many of us defer to our emotions. We don’t have to let fear and greed force us to make emotional decisions with our money. Learn more in this month’s Visual Insights Newsletter.
-
For anyone who has cash in their tax-free accounts, this one is for you. Cash is not a good place to store your money. As times like now are showing, the purchasing power of the dollar weakens with time. Staying in cash means you are saving cash today to buy less tomorrow. Beat this by putting your cash to work. The easiest method is to chuck that cash into a low-cost index fund. No manager, excess fees, or knowledge required. Nicole Lapin has done a fine job of educating the average person with zero financial knowledge on how to do just this. We spoke about her "Netflix and Chill" strategy and why most new investors should pursue this strategy over trying to find the next great stock. High single digits return on indexes while doing nothing is a wealth builder, plain and simple. It's no secret that I love businesses and finding the best possible ones trading in public markets. But most people do not share my enthusiasm, or have the time to look for well-priced businesses. If you have cash but: • Don't care about learning about businesses • Don't have time to learn about specific businesses • Would rather watch paint dry than learn how to invest in stocks But still want a system to gain financial independence... then this episode is right up your alley. Check out the conversation here ⤵️ Watch: rb.gy/vhdfs Listen: rb.gy/zmkz0
-
-
Founder at Future Wealth Investments (FWI) | Financial Planner & Wealth Architect | 16+ Years Experience | 3000+ Satisfied Clients
===================== Mistake 2 - Unlocking Financial Success: Avoid This 5 Mistake in 2023 ===================== Impulsive Buying - Mastering Needs vs. Wants: Warren Buffet's wisdom rings true: "If you buy things you don't need, soon you will have to sell things you need." Let's differentiate needs (essentials for a healthy life) from wants (extras we can live without). Find out more in this insightful video: Needs vs. Wants Video : https://lnkd.in/dxcvsU5t For Mistake 1 Refer this Post : https://bit.ly/45zx2wI 👉Contact Future Wealth Investments for Financial Planning & Wealth Planning Related Information ------------------------------------ Future Wealth Investments ------------------------------------ 📞 Call Us @ +91 8148182350 📧 Mail Us @ [email protected] 🌎 Visit Us @ https://lnkd.in/dHBtwa6b ------------------------------------ Follow us on Social Media for Financial Planning & Wealth Planning Related Information ------------------------------------ Instagram : https://lnkd.in/dt2GzmRZ Facebook : https://lnkd.in/dpXgmxzr Youtube : https://lnkd.in/dv9yMMdC Linkedin : https://lnkd.in/dAd6vNx2 ------------------------------------ *Disclaimer: The provided video links are for educational purposes and not an endorsement of any specific brand or individual.* #futurewealthinvestments #fwi #investmentplanning #financialplanning #wealthplanning #wealthmanagement #FinancialFreedom #SmartInvesting #MoneyMatters #FinancialWisdom #SuccessMindset
Impulsive Buying | 5 Financial mistakes should avoid in 2023 | EPISODE - 2 |
https://www.youtube.com/
-
Professional Investment & Money Manager with a ❤️🔥 passion to help simplify the complexities of your personal finances so that anyone wanting to build and transfer wealth to their loved ones can do so with confidence.
A lot of buying and selling decisions in the markets are not based on numbers at all - instead, many of us defer to our emotions. We don’t have to let fear and greed force us to make emotional decisions with our money. Learn more in this month’s Visual Insights Newsletter.
How Greed & Fear Stole $25 Trillion in 35 Years
financeinsights.net
-
Founder & President @ Gamma Wealth Management | High Net Worth Wealth Manager | Non-Commission Certified Financial Planner | Outsource CMO
A lot of buying and selling decisions in the markets are not based on numbers at all - instead, many of us defer to our emotions. We don’t have to let fear and greed force us to make emotional decisions with our money. Learn more in this month’s Visual Insights Newsletter.
How Greed & Fear Stole $25 Trillion in 35 Years
financeinsights.net
-
Ever made a big purchase and then regretted it? Join us in our latest episode where Jennifer Johnson from Three Magnolias Financial Advisors shares insights on avoiding buyer's remorse and making thoughtful spending decisions. Listen now! #FinancialPlanning #BuyersRemorse #BigPurchases
-
-
Principal at Sherrill Wealth Management | Financial Advice specializing in those near or in retirement
A lot of buying and selling decisions in the markets are not based on numbers at all - instead, many of us defer to our emotions. We don’t have to let fear and greed force us to make emotional decisions with our money. Learn more in this month’s Visual Insights Newsletter.
How Greed & Fear Stole $25 Trillion in 35 Years
financeinsights.net
-
Ever wondered how your small savings today can transform into significant wealth tomorrow? Jack Burnette shares his personal journey of how 40+ years of disciplined saving and investing morphed what once seemed like insignificant amounts into a substantial nest egg. This episode isn't just about financial wisdom, it's about understanding the beauty of slow, steady growth and the enormous rewards it can yield. Listen now → https://bit.ly/BCPep4 #CompoundInterest #LongTermInvesting #FinancialGrowth #WealthCreation #MoneyMindset #PatiencePays #SlowAndSteadyInvesting
-
-
A lot of buying and selling decisions in the markets are not based on numbers at all - instead, many of us defer to our emotions. We don’t have to let fear and greed force us to make emotional decisions with our money. Learn more in this month’s Visual Insights Newsletter.
How Greed & Fear Stole $25 Trillion in 35 Years
financeinsights.net
