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GeoPulse : Learn how to take control of your money with smart personal finance strategies, simple investing tips, and daily money hacks. In this video, we break down today’s financial news and give you practical steps to grow wealth, save smarter, and invest wisely.

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Transcript
00:00Seven things to never do with your money, coming from a qualified accountant and a
00:03former investment banker. Number one, making financial decisions based on emotions. Impulse
00:08buys and panic selling are common emotional mistakes that can completely derail your
00:13financial plans. Number two, overlooking the total cost of ownership. Don't just look at
00:17the purchase price, consider all the additional costs such as maintenance, insurance and fees
00:22that come with owning something. Number three, using a credit card to buy something that you
00:26can't afford to pay for in cash. The interest rates on credit cards are super high and completely
00:30outweigh the perks if you can't pay on time. Number four, ignoring your workplace contributions.
00:35If your employer offers a match and you're not taking it up, you're essentially turning down
00:39free money. Number five, buying something just because it's on sale. If an item originally costs
00:43100 and you're buying it for 60, you haven't saved 40, you've just spent 60. Number six, trusting
00:48get rich fast schemes. If it sounds too good to be true, it probably is. Number seven, ignoring the
00:53power of compound interest, both good and bad. While compound interest can grow your savings,
00:58it can also balloon your debt. Invest
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