Taking responsibility for personal financial decisions from "summary" of Rule #1 by Phil Town
When it comes to your money, no one is going to care about it as much as you do. You are the only one who truly understands your financial situation, goals, and priorities. Therefore, it is crucial that you take full responsibility for the decisions you make regarding your finances. This means not relying on others to make decisions for you or blindly following advice without understanding the implications. Taking responsibility for your financial decisions requires a deep understanding of your investments and a willingness to educate yourself about the market. You cannot simply hand over your money to a financial advisor and expect them to take care of everything for you. You must actively participate in the decision-making process and be proactive in managing your i...
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