Straight Talk from Al Jacobs

 

PROSPERITY KEEPS YOU HEALTHY

 

It’s pretty well established physical health and mental wellbeing are tied closely together, with estimates that as many as half the ailments we suffer from are caused by what the doctors call psychosomatic. What’s less understood is that a main cause of mental anguish is money – a lack of it.  Isn’t it reasonable to expect that bill collectors beating on the door cause headaches … and God knows what else?

 

Just as physical and mental wellbeing don’t come without working at it, the same is true for financial health. If your MasterCard borrowing always approaches the credit limit, so you have to pay massive interest charges when paying just the minimum payment, you’re inviting a case of ulcers. And if you want to sport the latest model BMW on a budget that deserves nothing more expensive than a 2012 Toyota Corolla, then plan to have a lot of stress, with all the symptoms that go with it.

 

But if you want to keep your step brisk and your smile broad, then follow these four rules:

 

●Don’t buy anything by credit card that you can’t pay in full at month’s end … in this way you pay no interest.

 

●Don’t get sold stuff you don’t need. Your best financial advisor is the face you see each morning in the bathroom mirror.

 

●Your only vehicles are owned outright, with no borrowing of any sort.

 

●You don’t go into hock to finance the education of your children ... they’ll get their schooling on the cheap.

 

 

Al Jacobs, a professional investor for nearly a half-

century, issues weekly financial articles in which he

shares his financial knowledge and experience.

You may view them on http://www.roadwaytoprosperity.com