Use it as a positive tool to help you control your money, rather than allowing your money to control you.
Cash-value life insurance is another vehicle that gives you control and access to your money when you need it.
That, like mutual-fund IRAs, means losing control and liquidity of your money.
Imagine the increase in your life and money satisfaction when you feel in control of your spending and especially your savings.
Because anyone you put in the position to be the gatekeeper of your fund, to control which money managers you hire and fire, can, by virtue of his position, make millions on the side.
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Instead of taking control of your home entertainment system, take control of the tradeoff you're making between money and time -- even if it means passing up some chocolate.
The first is that if you can issue more money as and when you want, which you can if you control your own currency, then if the banks of the financial system get into trouble then you can just print more money to help them out.
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"If you have self-control, the credit card can be a very meaningful tool to manage your money wisely, " Bentley said.
In your own life, where do you see evidence of using money to gain control of something?
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The best way to control your reputation is to be an active voice in the conversation (and to give lots of money to charity if you have it).
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You could name a guardian for the money, but a trust allows you to spell out how the money should be spent and at what age and under what conditions your child should gain control of any remaining cash.
Becoming mindful of how money moves out of (and into) your pockets is the key to keeping your finances under control and is the foundation for budgeting, but that's a topic for another column.
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