OK another fun post explaining the basics of personal finance to all of you great readers. My point of view is somewhat unique because I like to break things down to a financial and common sense level. What is finance? Well it is a word primarily and it also represents the definition of money management.
Is it easy to manage money of course, is it hard to manage it if your not ready, extremely. How do you supervise those slippery dollars? If your ready to step up and can really grasp this what is finance definition. When you can innately place finances above other things it will occur naturally. Monetary savviness is not an imaginary thing we are all looking to find in a forest, it is solved by simply finding your reflection in the mirror. It is our choice to either fix things or keep on the same path we’ve been on. See below for what is finance defined.
What is Finance
F – Finally getting your money life together and leading it in the right Direction
I – Investing is not a foreign word, and you enjoy saving dollars for the future
N – Never allow others to dictate how to manage your money
A – Automate dollars to go directly into those investments every month and year
N – Necessary to stay focused with all the constant media doom and gloom
C – Clear out all debt because it is a drag on finances and Wealth
E – Excitement as you are now growing the nest egg and realizing this finance thing is really not that difficult to understand.
What is finance to you and how can you improve upon it? By taking a step back to see things from a financial eagle eye, you will do better for your hard earned dollars. Maybe if the money wasn’t earned by working hard and you have a league of trolls funneling money in your direction you might wish to continue blowing it. Either way you have to make a decision to improve because its the right thing to do or keep on the path of financial disaster.
Tweet ThisPlease after you read this What is finance defined and broken down to its core. Read my previous two pieces of personal finance knowledge poems.
What is Wealth and What is Savings?
As always please share anything related to the topic above and lets keep it fun?
Rich Uncle EL
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A great acronym for Finance! "Excitement as you are now growing the nest egg and realizing this finance thing is really not that difficult to understand." Personal Finance is largely common sense, you just need to take the time to realize that.
My recent post Locus of Control
Hey Brian thanks for reading. I really want to focus on the basics from time to time to switch it up and share some common sense knowledge on the readers. Talk to you soon my friend.
My recent post What Is Finance
I love the "A" for automating your investments. Best way to save is to automated it so it actually happens!
My recent post Goal Accomplished: Roth IRA Maxed Out
Yes it’s the best way to invest. Automate and forget. Thanks for reading it pays dividends.