{"id":14898,"date":"2022-08-12T11:26:59","date_gmt":"2022-08-12T05:56:59","guid":{"rendered":"https:\/\/kuvera.in\/blog\/?p=14898"},"modified":"2022-08-12T12:06:35","modified_gmt":"2022-08-12T06:36:35","slug":"5-best-financial-advice-and-5-worst-ones-for-your-20s","status":"publish","type":"post","link":"https:\/\/kuvera.in\/blog\/5-best-financial-advice-and-5-worst-ones-for-your-20s\/","title":{"rendered":"5 best financial advice and 5 worst ones for your 20s"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_40 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" area-label=\"ez-toc-toggle-icon-1\"><label for=\"item-69d562d913f99\" aria-label=\"Table of Content\"><span style=\"display: flex;align-items: center;width: 35px;height: 30px;justify-content: center;direction:ltr;\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/label><input  type=\"checkbox\" id=\"item-69d562d913f99\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/kuvera.in\/blog\/5-best-financial-advice-and-5-worst-ones-for-your-20s\/#5_best_financial_advice\" title=\"5 best financial advice\">5 best financial advice<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/kuvera.in\/blog\/5-best-financial-advice-and-5-worst-ones-for-your-20s\/#1_Creating_a_budget_and_sticking_to_it\" title=\"1. Creating a budget and sticking to it\">1. Creating a budget and sticking to it<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/kuvera.in\/blog\/5-best-financial-advice-and-5-worst-ones-for-your-20s\/#2_Cash_in_on_the_benefit_of_compounding\" title=\"2. Cash in on the benefit of compounding\u00a0\">2. Cash in on the benefit of compounding\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/kuvera.in\/blog\/5-best-financial-advice-and-5-worst-ones-for-your-20s\/#3_Emergency_fund_health_insurance_retirement_plan\" title=\"3. Emergency fund, health insurance &amp; retirement plan\">3. Emergency fund, health insurance &amp; retirement plan<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/kuvera.in\/blog\/5-best-financial-advice-and-5-worst-ones-for-your-20s\/#4_Educate_yourself_financially\" title=\"4. Educate yourself financially\">4. Educate yourself financially<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/kuvera.in\/blog\/5-best-financial-advice-and-5-worst-ones-for-your-20s\/#5_Learn_about_your_taxes\" title=\"5. Learn about your taxes\u00a0\">5. Learn about your taxes\u00a0<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/kuvera.in\/blog\/5-best-financial-advice-and-5-worst-ones-for-your-20s\/#5_worst_financial_advice\" title=\"5 worst financial advice\u00a0\">5 worst financial advice\u00a0<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/kuvera.in\/blog\/5-best-financial-advice-and-5-worst-ones-for-your-20s\/#1_Buying_a_house_or_car_when_you_are_not_ready\" title=\"1. Buying a house or car when you are not ready\">1. Buying a house or car when you are not ready<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/kuvera.in\/blog\/5-best-financial-advice-and-5-worst-ones-for-your-20s\/#2_Having_a_Zindagi_Na_Milegi_Dobara_approach_to_life\" title=\"2. Having a \u2018Zindagi Na Milegi Dobara\u2019 approach to life\">2. Having a \u2018Zindagi Na Milegi Dobara\u2019 approach to life<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/kuvera.in\/blog\/5-best-financial-advice-and-5-worst-ones-for-your-20s\/#3_Focusing_on_savings_instead_of_investing\" title=\"3. Focusing on savings instead of investing\">3. Focusing on savings instead of investing<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/kuvera.in\/blog\/5-best-financial-advice-and-5-worst-ones-for-your-20s\/#4_Small_debts_from_friends_family_or_banks_are_okay\" title=\"4. Small debts from friends, family, or banks are okay\">4. Small debts from friends, family, or banks are okay<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/kuvera.in\/blog\/5-best-financial-advice-and-5-worst-ones-for-your-20s\/#5_Once_your_retirement_plan_is_set_you_dont_need_to_look_at_it\" title=\"5. Once your retirement plan is set, you don&#8217;t need to look at it\">5. Once your retirement plan is set, you don&#8217;t need to look at it<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>&nbsp;<\/p>\n<p>For most people, the 20s is the decade where they start earning their own money and become financially independent. This is also the decade where most people end up making terrible financial mistakes.<\/p>\n<p>&nbsp;<\/p>\n<p>This is the time, when most people learn the basic financial lesson the hard way and try to seek advice from friends, family or online &#8216;experts&#8217; to rectify these mistakes.<\/p>\n<p>&nbsp;<\/p>\n<p>But the thing about finances is that it is deeply personal and most financial advice floating out there are ways to extract profit from you. Even well-meaning ones can sometimes be completely wide off the mark due to a lack of proper knowledge and expertise.<\/p>\n<p>&nbsp;<\/p>\n<p>The trick is to identify the ones that are good from the ones that do not apply to you. Here are some of the most commonly given reliable financial advice and some of the worst ones.<\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"5_best_financial_advice\"><\/span><strong><span data-preserver-spaces=\"true\">5 best financial advice<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<h4><span class=\"ez-toc-section\" id=\"1_Creating_a_budget_and_sticking_to_it\"><\/span><strong><span data-preserver-spaces=\"true\">1. Creating a budget and sticking to it<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>&nbsp;<\/p>\n<p>This is one of the best but often ignored financial pieces of advice. Budgeting is the single most reliable way to know where your money is going. Not only does it help you keep track of your money but also plan your future expenses and know your spending habits. It also helps you to prioritize your expenses and even keep you out of petty debts.<\/p>\n<p>&nbsp;<\/p>\n<p>You should ideally have a monthly budget, a quarterly, and a yearly one. But if that seems too intimidating then you should start with a monthly budget. It will help you live within your means and meet your financial goals without considerable financial strain.<\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" class=\"alignnone size-medium wp-image-14901\" src=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/08\/marten-bjork-rH8O0FHFpfw-unsplash-300x200.jpg\" alt=\"Financial planning - kuvera\" width=\"300\" height=\"200\" srcset=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/08\/marten-bjork-rH8O0FHFpfw-unsplash-300x200.jpg 300w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/08\/marten-bjork-rH8O0FHFpfw-unsplash-1024x683.jpg 1024w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/08\/marten-bjork-rH8O0FHFpfw-unsplash-768x512.jpg 768w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/08\/marten-bjork-rH8O0FHFpfw-unsplash-1536x1024.jpg 1536w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/08\/marten-bjork-rH8O0FHFpfw-unsplash-2048x1365.jpg 2048w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/08\/marten-bjork-rH8O0FHFpfw-unsplash-150x100.jpg 150w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/p>\n<p>&nbsp;<\/p>\n<h4><span class=\"ez-toc-section\" id=\"2_Cash_in_on_the_benefit_of_compounding\"><\/span><span data-preserver-spaces=\"true\"><b>2. Cash in on the benefit of compounding\u00a0<\/b><\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>&nbsp;<\/p>\n<p>One of the best ways to plan your finances and build your wealth is to start investing early and take the benefit of compounding. Compounding works best for long-term investment where the goal is to build wealth instead of making a quick profit.<\/p>\n<p>&nbsp;<\/p>\n<p>Starting your investments as early as possible, even when the amount is small, will over time give you similar results as starting your investment late with a higher amount.<\/p>\n<p>&nbsp;<\/p>\n<h4><span class=\"ez-toc-section\" id=\"3_Emergency_fund_health_insurance_retirement_plan\"><\/span><strong>3.<\/strong> <strong><span data-preserver-spaces=\"true\">Emergency fund, health insurance &amp; retirement plan<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>&nbsp;<\/p>\n<p>Financial planning is important to prepare yourself for any financial emergencies that may occur in the future. This includes health emergencies, any unplanned financial crises, unemployment, and retirement.<\/p>\n<p>&nbsp;<\/p>\n<p>You should get started on an emergency fund (3 &#8211; 6 months of your salary) if you haven\u2019t already. You should also have robust health insurance and a retirement fund started as soon as possible. If you already have them, then you have to keep on strengthening them as per your requirement.<\/p>\n<p>&nbsp;<\/p>\n<h4><span class=\"ez-toc-section\" id=\"4_Educate_yourself_financially\"><\/span><strong><span data-preserver-spaces=\"true\">4. Educate yourself financially<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>&nbsp;<\/p>\n<p>When it comes to financing, many people will try to be financial advisors and financial planners. But, it will be your responsibility to take the right financial decision for yourself. Therefore, having financial knowledge and educating yourself about personal finance will help you make better decisions and plan your finances better.<\/p>\n<p>&nbsp;<\/p>\n<p>Start your financial education with our\u00a0 curated <a href=\"https:\/\/www.youtube.com\/watch?v=8uwn1YpSsFU&amp;list=PLDSzQdT9nLmBOsyCmLDKSz_PQcWdePZgI\">YouTube series<\/a> about all things finance.<\/p>\n<p>&nbsp;<\/p>\n<h4><span class=\"ez-toc-section\" id=\"5_Learn_about_your_taxes\"><\/span><strong><span data-preserver-spaces=\"true\">5. Learn about your taxes\u00a0<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>&nbsp;<\/p>\n<p><span data-preserver-spaces=\"true\">An unavoidable part of adulthood is that you will have to do your taxes for the rest of your life. As your earnings increase your taxes will also increase. Knowing the legal ways to save taxes will help you retain a good amount of your salary over a period of time.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/kuvera.in\/fixed-deposit\/all\"><img loading=\"lazy\" class=\"alignnone wp-image-14483 size-full\" src=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/08\/fd-blog-01-1.jpg\" alt=\"kuvera-fixed-deposit-online\" width=\"1080\" height=\"352\" srcset=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/08\/fd-blog-01-1.jpg 1080w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/08\/fd-blog-01-1-300x98.jpg 300w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/08\/fd-blog-01-1-1024x334.jpg 1024w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/08\/fd-blog-01-1-768x250.jpg 768w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/08\/fd-blog-01-1-150x49.jpg 150w\" sizes=\"(max-width: 1080px) 100vw, 1080px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"5_worst_financial_advice\"><\/span><strong><span data-preserver-spaces=\"true\">5 worst financial advice\u00a0<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<h4><span class=\"ez-toc-section\" id=\"1_Buying_a_house_or_car_when_you_are_not_ready\"><\/span><strong><span data-preserver-spaces=\"true\">1. Buying a house or car when you are not ready<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>&nbsp;<\/p>\n<p>For a lot of people, a car or a house is a financial goal and sometimes even a marker of financial stability. However, any big purchase like a house or a car where you need to take a loan to be able to afford it requires considerable thought and financial analysis.<\/p>\n<p>&nbsp;<\/p>\n<p>For a house, the loan amount is very high so you need to prepare yourself for the substantial EMIs that you will have to pay for a long period of time. This will affect all your other financial decisions significantly, therefore getting into this when you are not ready can be disastrous.<\/p>\n<p>&nbsp;<\/p>\n<h4><span class=\"ez-toc-section\" id=\"2_Having_a_Zindagi_Na_Milegi_Dobara_approach_to_life\"><\/span><strong><span data-preserver-spaces=\"true\">2. Having a \u2018Zindagi Na Milegi Dobara\u2019 approach to life<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>&nbsp;<\/p>\n<p>The \u2018YOLO\u2019, Zindagi Na Milegi Dobara, and even the recent viral reel of \u201cI\u2019ll earn my money back but I\u2019ll only be 23 and doing xyz once\u201d are all ways to create FOMO and push you to spend more on unnecessary and luxurious experiences that can significantly hamper your financial stability.<\/p>\n<p>&nbsp;<\/p>\n<p>Spending your money frivolously without planning can land you into serious financial debt. It is okay to have enjoyable things and experiences but to make a habit of doing it impulsively without planning is bad for your long-term finances.<\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" class=\"alignnone size-medium wp-image-14902\" src=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/08\/pexels-vishnu-r-nair-1105666-300x200.jpg\" alt=\"YOLO\" width=\"300\" height=\"200\" srcset=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/08\/pexels-vishnu-r-nair-1105666-300x200.jpg 300w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/08\/pexels-vishnu-r-nair-1105666-1024x683.jpg 1024w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/08\/pexels-vishnu-r-nair-1105666-768x512.jpg 768w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/08\/pexels-vishnu-r-nair-1105666-1536x1024.jpg 1536w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/08\/pexels-vishnu-r-nair-1105666-2048x1365.jpg 2048w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/08\/pexels-vishnu-r-nair-1105666-150x100.jpg 150w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/p>\n<p>&nbsp;<\/p>\n<h4><span class=\"ez-toc-section\" id=\"3_Focusing_on_savings_instead_of_investing\"><\/span><strong><span data-preserver-spaces=\"true\">3. Focusing on savings instead of investing<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>&nbsp;<\/p>\n<p>Saving from a young age creates the habit of living within your means and following a budget. But, as an adult focusing on savings instead of investing can be harmful to you. A diverse portfolio of investments will help you beat the rising inflation rate and build wealth over a period of time.<\/p>\n<p>&nbsp;<\/p>\n<p>This is the best way to put your money to work and increase in value by not putting much effort.<\/p>\n<p>&nbsp;<\/p>\n<h4><span class=\"ez-toc-section\" id=\"4_Small_debts_from_friends_family_or_banks_are_okay\"><\/span><strong><span data-preserver-spaces=\"true\">4. Small debts from friends, family, or banks are okay<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>&nbsp;<\/p>\n<p><span data-preserver-spaces=\"true\">Any debt even when they are informal should be avoided. This is because taking informal debts now and then creates a habit of living above your means and not following a budget. Small and regular informal debts also have the potential to ruin relationships and create distrust within family and friends.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span data-preserver-spaces=\"true\">If you are needing small debts regularly, it also suggests that there is something fundamentally wrong with your financial planning and you should put more effort into planning your finances better.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<h4><span class=\"ez-toc-section\" id=\"5_Once_your_retirement_plan_is_set_you_dont_need_to_look_at_it\"><\/span><strong>5. Once your retirement plan is set, you don&#8217;t need to look at it<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>&nbsp;<\/p>\n<p>Setting up your retirement plan, health insurance, and emergency fund is only the beginning. You have to keep on updating it and strengthening it to make it better. If your income increases so should all your mandatory funds. This is to ensure that in case of any financial crisis, you will keep on enjoying your existing lifestyle and do not need to significantly downgrade your lifestyle in order to meet your needs.<\/p>\n<p>&nbsp;<\/p>\n<p><span data-preserver-spaces=\"true\">No matter how good and stable a piece of advice sounds, when it comes to finances, you have to educate yourself and take responsible financial decisions on your own. Getting good with finances will require you to put in consistent effort in learning about finances rather than seeking advice from people.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>Read more:\u00a0<a href=\"https:\/\/kuvera.in\/blog\/category\/zen-and-the-art-of-investing\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Zen And The Art Of Investing<\/strong><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>Watch\/hear on YouTube: A janitor who became a millionaire?<\/p>\n<p>&nbsp;<\/p>\n<div class=\"embed-container\"><iframe src=\"https:\/\/www.youtube.com\/embed\/FibZdv7ICNU\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/div>\n<div class=\"embed-container\"><\/div>\n<p>&nbsp;<\/p>\n<p>Start investing through a platform that brings goal planning and investing to your fingertips. Visit\u00a0<a href=\"https:\/\/app.kuvera.in\/\">Kuvera.in<\/a>\u00a0to discover\u00a0<a href=\"https:\/\/kuvera.in\/blog\/direct-plans-better\/\">Direct Plans<\/a>\u00a0and\u00a0<a href=\"https:\/\/app.kuvera.in\/explore\/fixed-deposit\/c\/all\">Fixed Deposits<\/a>\u00a0and\u00a0<a href=\"https:\/\/kuvera.in\/user\/login\">start investing today.<\/a><\/p>\n<p>#MutualFundSahiHai #KuveraSabseSahiHai!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; For most people, the 20s is the decade where they start earning their own money and become financially independent. This is also the decade where most people end up making terrible financial mistakes. &nbsp; This is the time, when most people learn the basic financial lesson the hard way and try to seek advice [&#8230;]<\/p>\n<p><a class=\"btn btn-secondary understrap-read-more-link\" href=\"https:\/\/kuvera.in\/blog\/5-best-financial-advice-and-5-worst-ones-for-your-20s\/\">Read More&#8230;<\/a><\/p>\n","protected":false},"author":11,"featured_media":14899,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false},"categories":[106,593,594],"tags":[1350,595,1348,1235,1351,52,1349],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>5 best financial advice and 5 worst ones for your 20s | Kuvera<\/title>\n<meta name=\"description\" content=\"5 good financial advice that will help you achieve financial freedom and 5 bad ones that make your financial 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