No health, no wealth. Physical fitness and financial fitness cannot be untied. You get only one body and one mind. Take care of them and maximize their potential.
Find a career for which you have passion. It’s not about making the most money, but making the most of the money you make.
Stuff doesn’t build wealth, money does. Stuff costs money and time. If you don’t need it, don’t buy it. And don’t buy it just because it’s cheap.
Choose your soulmate carefully. Find someone who shares your financial values and morals. Starting over sucks!
Kids take money and time. Family planning is important to financial success.
Be frugal with your spending and keep your lifestyle simple. Someone is always ready to take money from your pocket and put it in theirs. Always ask for a better deal or price.
Vote – be attuned to political changes that affect your financial well-being. Understand what you are paying in taxes.
It’s not what you make, but what you get to keep.
Remember, the IRS spells “theirs”! Debt can be your friend or foe, so don’t abuse its use. Budget your money monthly and avoid using credit.
Set financial goals. Have a strong sense of what your money is going toward. And, if you don’t want your nest egg scrambled, take action and review your finances often. Pay attention to the details in your financial transactions.
Become literate in all matters financial. Every decision we make, ultimately has some financial impact. Welcome financial advice, but trust yourself most of all. Don’t make financial decisions based on someone else’s opinion. And teach your children good money management skills.
Invest your time, just don’t spend it. Make time for what really matters.
“An investment in knowledge always pays the best interest.” Benjamin Franklin
Begin saving and investing early and consistently. Vigilance and diligence build true wealth. Pretend you make less, and pay yourself first.
Financial independence will allow you more options in the future.
Practice risk management. Buy only the insurance coverage you need. In all areas of your life, don’t “put all of your eggs (trust) in one basket.” Properly allocate your time and resources, and diversify your assets.
Character trumps all. Wisdom, self-control, honesty, positive attitude, hard work, integrity and humility are virtues that form a person’s character.
“Reputation is the shadow. Character is the tree.” Abraham Lincoln
Be generous. For if the willingness is there, the gift is acceptable according to what one has, not according to what he does not have. (2 Corinthians 8: 12)
The previous guest post was by the incomparable Phyllis; CPA, CMA, and personal finance teacher at a local college. She is extremely smart and motivated, with a wealth of knowledge and experience; her financial success should be lauded and emulated.