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Responsible 401(k) Loan Use
- Only take a 401(k) loan if absolutely necessary and use the money responsibly.
- Avoid spending on non-essential items like clothing or vacations with this loan.
Time Advantage for Youth
- Young people have the advantage of time to grow wealth exponentially with discipline.
- Digging a financial hole by irresponsible loans and spending leads to prolonged debt struggles.
Trading Timing Misconception
- Timing alone doesn't guarantee trading success; many try trading at market open just because of volume.
- A profitable trading strategy requires more than just trading session timing.