http://masteryourcard.com/blog/2008/10/09/the-rules-of-financial-responsibility/ The best Credit Card Debt Blog online Tue, 09 Mar 2010 09:42:31 -0500 http://wordpress.org/?v=abc hourly 1 http://masteryourcard.com/blog/2008/10/09/the-rules-of-financial-responsibility/comment-page-1/#comment-8456 We’re NOT Enablers! | Momma's Blog Fri, 07 Nov 2008 14:51:10 +0000 http://masteryourcard.com/blog/2008/10/09/the-rules-of-financial-responsibility/#comment-8456 [...] The Rules of Financial Responsibility – Master Your Card [...] [...] The Rules of Financial Responsibility – Master Your Card [...]

]]> http://masteryourcard.com/blog/2008/10/09/the-rules-of-financial-responsibility/comment-page-1/#comment-7454 Weekly Roundup and Carnivals | LivingAlmostLarge Fri, 10 Oct 2008 14:34:05 +0000 http://masteryourcard.com/blog/2008/10/09/the-rules-of-financial-responsibility/#comment-7454 [...] MasterYourCard talks about the Rules of Financial Responsibility [...] [...] MasterYourCard talks about the Rules of Financial Responsibility [...]

]]> http://masteryourcard.com/blog/2008/10/09/the-rules-of-financial-responsibility/comment-page-1/#comment-7440 Rob Fri, 10 Oct 2008 03:43:04 +0000 http://masteryourcard.com/blog/2008/10/09/the-rules-of-financial-responsibility/#comment-7440 Let’s go back to the example above where I talked about people hoping their homes would appreciate quickly so they could refinance. They got into a sticky situation based on what they “hoped” would happen. Well, when you start making financial decisions based on things you hope will happen, you start to get into trouble. The same is true of investing. If you start chasing a risky investment because it’s hot and you hope to cash in on the goods, even though it doesn’t make the most financial sense for YOUR situation, you risk losing in the end. Let’s go back to the example above where I talked about people hoping their homes would appreciate quickly so they could refinance. They got into a sticky situation based on what they “hoped” would happen. Well, when you start making financial decisions based on things you hope will happen, you start to get into trouble. The same is true of investing. If you start chasing a risky investment because it’s hot and you hope to cash in on the goods, even though it doesn’t make the most financial sense for YOUR situation, you risk losing in the end.

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