Should I turn off my computer when I am done using it or can I leave it on?

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Not really, the computer that I use to update this site is running 24 hours a day, 7 days a week. I will occasionally reboot it every few weeks.

Desk with Computer Monitors

I have heard some say by turning off the computer this gives the components a chance to cool off and turning off the computer prolongs the life. I have been using the same computer for the past 3 years. The components seem fine to me.