财务：20来岁时要避免的10个财务陷阱

What are ten bad financial decisions toavoid in your 20s?RonLeavitt, Retired and traveling when and where Ican.#1 do not buy a new car. Don’t pay thedepreciation.#2 negotiate a longer term on your studentloan if you can. You will pay more over time, but your earning power is lowwhen starting out. Have loan payments take as little as possible#3 focus on work and not on consumption.Avoid “shopping” as an activity#4 learn to cook. This is huge. It is funto serve up a gourmet meal to friends. Cooking regular meals at home saves timeand money.#5 avoid going out drinking regularly. Thatis a habit to avoid. Rather have friends over for a beer or two. An occasionalnight out is fine.#6 do not try to impress women by spendingon them. A relationship is much more than that. Do not be consumed by chasingskirts.#7 open an account at a discount broker,make a modest monthly wire transfer to it and invest or trade mutual funds andstocks.#8 subscribe to Investor Business Daily fora while.#9 familiarize yourself with the realestate market in and around the town you live. Watch cyclic variations overyears.#10 do not try to “time the market” makeplans and stick to them. You will most likely never buy at the bottom nor sellat the top. Accept profit/loss and move on. Do not beat yourself up over lostopportunity.#11 Never risk “it all”; risk what you canafford to lose.