Personal Finance in 10 Simple Sentences

-
I moved #10 to #1, because it is actually the most important.

1. You need a written budget and a written plan for your money
2. Spend less than you earn
3. Create an emergency fund immediately
4. There is no tomorrow; start today
5. It's purely on your shoulders
6. The "Joneses" are living a lie
7. Pay off your debt
8. Create multiple sources of income
9. Personal finance is 20% knowledge and 80% behavior
10. Income does not determine your wealth


Comments

Post a Comment

Popular posts from this blog

The Hidden Agenda Behind the Global Warming Hysteria

-
Image
Climate change activists are not just interested in reducing carbon emissions in order to "save the planet." Their underlying desire is to overturn capitalism and replace it with socialist governments worldwide. 

Our story starts with the IPCC, or the Intergovernmental Panel on Climate Change, a U.N. organization. "And any settlement of the Global Warming issue by the UN would entail massive transfers of wealth from the citizens of wealthy countries to the politicians and bureaucrats of the poorer countries." (1)

In 1992, at the first U.N. Earth Climate Summit in Rio de Janeiro, Brazil, Program Executive Director Maurice Strong stated, very candidly: 

"We may get to the point where the only way of saving the world will be for industrialized civilization to collapse. Isn’t it our responsibility to bring this about?" (2)

Former U.S. Senator Timothy Wirth (D-CO), then representing the Clinton Administration as U.S. undersecretary of state for global issues, join…
Read more

Critical Financial Steps When Buying a Home

-
Image
In my lifetime, I have bought six houses, and sold five. I currently live in the sixth, which was new construction, which was an adventure unlike purchasing an existing home, But the principles of buying a home are the same, whether you are purchasing a new home, or an existing home.

1. Understand why you want to buy a house
Purchasing a home is a major decision that shouldn’t be taken lightly. It’s important to define your personal and financial goals before proceeding. Think about factors such as whether you’re craving more stability, whether it makes sense financially and whether you’re prepared for the responsibility of maintaining a home.

You should explore some resources on Renting vs. Buying before you make the decision. I posted a article with a couple of good videos on this subject, and bankrate.com as an informative article here. 
2. Dig Into Your Credit Reports and Credit Scores Your credit score and history are the first things all lenders will look at to decide whether or …
Read more

History is Important, But No Longer Taught

-
Image
"From this I conclude that the best education for the situations of actual life consists of the experience we acquire from the study of serious history. For it is history alone which without causing us harm enables us to judge what is the best course in any situation or circumstance." -- Polybius, The Rise of the Roman Empire (about 100 BCE).

A survey by the American Council of Trustees and Alumni found that “more Americans could identify Michael Jackson as the composer of ‘Beat It’ and ‘Billie Jean’ than could identify the Bill of Rights as a body of amendments to the U.S. Constitution,” “more than a third did not know the century in which the American Revolution took place,” and “half of the respondents believed the Civil War, the Emancipation Proclamation or the War of 1812 were before the American Revolution.” Oh, and “more than 50 percent of respondents attributed the quote ‘From each according to his ability to each according to his needs’ to either Thomas Paine, George…
Read more