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The key to success in business is money management. Money management is a strategic technique employed at making money yield the highest of interest-yielding value for any amount of it spent. Spending money to satisfy all cravings (regardless of whether or not they are justifiable to be included in budget basket) is a natural human phenomenon. The idea of money management techniques is developed to plummet the amount which individuals, firms and institutions spend on items that add no significant value to their living standards, long-term portfolios and asset-basins. Everything is cost. Your time is money! Spending and investing aren’t the same thing. Spending simply exchanges value, say, money for rent. Investing creates value in that after your initial cost is paid, you can keep getting value without new input. Getting a big promotion might give status and prestige, but it also eats away more time. In order to count as a great self-investment, your efforts need to pay you back with more time or energy, not less. You have dreamed all your life of owning your own business and the day has come for your breams to come true.
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