Manage Your Money

It’s never too late to manage your money and fix your personal finances. If you do it right you can save yourself a lot of stress in the future. The best part is that it’s never too early or too late to start. The only way you will start is if you are truly tired of that paycheck-to-paycheck lifestyle. Stop asking yourself “Why don’t I have money?” or “When are these Ramen Noodle days going to be over?” If you are reading this then consider yourself lucky and follow my lead.

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Personal Finance Is More About What You Keep and Spend Than What You Make

Money is the tool that is being used in your personal finances. It can be used to build assets or create liabilities. When you have an asset, you are adding to your net worth. This can include a profitable business, growth funds, money market, etc. When you have a liability, you are taking away from your net worth. This can include credit debt, a car with car payments, a rental unit that is losing money, etc. We have to learn how to see the difference between an asset and a liability.

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Finances – The Right Question

It’s the age old question asked by financial advisors, “Can you really afford it?” Unfortunately, most Americans, working as trained professionals in reputable industries, and filled with an innate sense of entitlement, will answer that question “Yes. Of course I can afford it.”

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