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Black Friday - think before you leap
Manage episode 385033595 series 3460251
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A few years ago, I heard it explained that Black Friday is about the retailers getting in the black. What does that mean? Well, 'in the black' is an accounting term signifying that a business is in a financially profitable position. So Black Friday is about businesses making a profit. Interestingly enough the opposite of black in accounting is not white but red.
I used to think that the retailers were doing us a favor by discounting their stuff. Black Friday is not about us, but about them.
How can you get in the black?
Well some simple things:
-spend less than you make
-improve your skill set
-start a business
Getting in the black for you is about using money wisely. Yes using money intentionally not being blown by this wind and that wind to spend without control. You control it. Tell your money what to do.
I hope I caught you before something bad happened…
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