2003 Annual Financial Resolutions from FinanceProfessor.com

FinanceProfessor.com releases it annual list of New Years Financial Resolutions. This year's list is designed to be both flexible enough to be useful to all, but well grounded in sound financial practice

FOR IMMEDIATE RELEASE

Olean, New York - December 30, 2002-

FinanceProfessor.com released its annual list of New Years Resolutions. The list is designed to be both flexible enough to be useful to all, but well grounded in sound financial practice.

2003 New Years Resolutions from FinanceProfessor.com

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 ones family, ones friends, or ones 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 in the eyes of all (including whatever Supreme Being you choose to worship) and not a large investment portfolio.

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Dr. Mahar (Jim) is responsible for most of the content of the FinanceProfessor. Jim is an assistant professor at St. Bonaventure University.

The opinions and writings on FinanceProfessor.com do not necessarily represent the opinions of the St. Bonaventure Finance Department or of St. Bonaventure University.

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