While high standard is good, perfectionist can hinder your personal finance in the long run. The Finance Buff writes: “What I observed is a tendency among some people to over-optimize, in other words trying to wring out every last drop. It’s not necessary. It can even be counterproductive in some cases. It’s better to leave some money on the table.” It’s okay to pay off debts instead of squeezing out extra returns in risky investments while paying the minimum. As long as you max out your backdoor Roth IRA contribution, it’s okay to take your time to convert the money. For your emergency funds, it’s okay to put your liquid fund in 1% saving account instead of switching to 1.1% saving account. “Leaving some money on the table when you win the big battles minimizes the chances that something goes wrong. I see it as small prices to pay for the big wins,” said The Finance Buff. (thefinancebuff.com)
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