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Personal Finance Round-Up: Forgiving Yourself for Investing Mistakes

By Money Crashers

investing piggy bank oopsI’m sure you have all heard the old saying, “To err is human; to forgive, divine.” Forgiveness is a trait that doesn’t get enough credit, and how often do we forgive ourselves of mistakes we’ve made? We make mistakes on a daily basis and that is what makes us human and what makes us grow. You should never let your past mistakes affect you in a negative way.

One area of life that mistakes hit home harder than others is with investing. According to this article at I Will Teach You To Be Rich, 44% of people plan to never invest again. We all know the market fluctuates – after all, that’s its biggest flaw and biggest asset. But to say you will never invest again because you pulled out at the wrong time is just ridiculous.

Investing wisely is one of the best and, for some, the only ways of creating wealth today, so don’t rule it out because of one or two dry spells. Create a plan and stick with it through the ups and the downs. In the end, you may be surprised by the amount of wealth created by those ups and downs.

This week’s personal finance reads have been anything but dry, check these other great pieces out:

31 Great Ways to Repurpose a Wedding Gown
A wedding day can be one of the happiest, and most expensive, days in someone’s life. Why not try and make use of that dress for more than just the one day? [FreeShipping.org]

6 Reasons Extreme Couponing Will Not Work for You
Clipping coupons is a habit that always seems to lead to a debate, and taking it to the extreme doesn’t help matters much. Is it all worth it in the end? [Moolanomy]

The Art of the Compromise
If you can learn to compromise, you can make the best of any situation and people will take notice. At work, in your marriage, and in family relationships, compromise proves to be one of your greatest tools. [Feel Gooder]

Six Easy Networking Tips for Introverts
We all have to overcome our own demons. For many in the technology age, that demon is the inability to be social in a time that being social is so important. [Dumb Little Man]

So You’re a Failure
Have you ever looked in the mirror and thought you were a failure? Success, like many other things, is in the eye of the beholder. One of the biggest things that leads to success is overcoming a past failure. [Freelance Folder]

8 Dumb Things I Did in College That Helped My Writing Career
You can never know how your past will impact your future. Making a fool of yourself at that college party may lead to your biggest lesson down the road. [Word Count]

Predicting Recessions, The Great Stagnation, and Will There Be a Double Dip?
Can you really predict anything about the stock market? One day it’s way up, and the next hour it’s down the drain. Maybe there is some science to the madness though. [Angry Bear Blog]

How Personal Finance Is Like Potty Training
Many aspects of parenting relate directly to personal finance, even the messiest of parental duties. But overcoming the challenges in personal finance as well as parenting will present the greatest rewards. [Boomer and Echo]

10 Ways to Save Money on Your Pet
Pets can really enrich your life but they can also take the riches away from your life as well. They don’t have to break the bank though. [Squawkfox]

35 Ways to Make More Money
While a secure and solid job may be hard to come by these days, that doesn’t mean you can’t make money in other ways. Opportunities are all around us and all you have to do is pick one and run with it until it runs out of steam. [Financial Highway]

(photo credit: Shutterstock)

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  • http://twitter.com/BoomerandEcho Boomer and Echo

    Thanks very much for the mention guys!

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