The first day after graduating college felt like one of the most liberating days of my lives. After eighteen years worth of education now behind me and with a cool twenty seven thousand dollar debt heavy diploma now framed and lovingly set over my desk, I began to question whether or not I should consider buying a house. It would be easy enough to pick up usda home loans if I really wanted to be able to buy a house but was it the right decision? I felt confident enough in being able to pay off the student debt that I had within a short period of time so a housing loan would only extend that time line about five to seven years, depending on how well work went. At the same time, my plans did not include a woman or a family in my future. Continue reading
I am going to be down here in North Carolina for another week, possibly more. It is not something I enjoy, but it is going to be necessary. I made a deal with my Uncle Albert a few years ago when he realized that he was going to have a rather short time left. He knew quite well that his children would be at one another’s throats when it came time to divide up his estate. Jimmy has spent most of his life in some sort of debt mediation it seems. The guy is just a natural born mark if you are honest about it. Anyone with a get rich quick scheme can hit him up for a quick buck, even if he has to borrow it at 28 percent or whatever the usury laws allow. Continue reading
If you find yourself asking where to begin with learning proper finance, start with the definition of personal finance, budgeting. Why the definition of personal finance is budgeting we will outline in the following article, because truly there is no more important lesson as to what proper financial management entails, and what will most directly contribute to your success with your money.
Proper Budgeting is Personal Finance Mastery
There is no need to look beyond budgeting when beginning your journey towards personal finance mastery. Budgeting can be a scary prospect when you have not done so for a long time, the money tale told by your expenses and income can paint a poor picture. But whether you are a millionaire with investments, countless loans, mortgages and stock holdings, or an honest hardworking fellow just beginning your financial journey, budgeting is the key to continued success with your money.
We all have a duty of creating value in our lives, financially and otherwise, and when managing personal finances is our business to make thrive or drive to ruin. Not only is managing our personal finances our business, but the secret is to treat our personal finance decisions as a business, the business of ourselves.
Ancient cultural wisdom has passed on this secret of personal finance for countless generations yet many forget its lessons.
Life can be looked at in a way that will make managing your money and your finances easy with this understanding. From birth to passing, you are in business for yourself, the business of you. How you choose to run your business is up to you, but the principles of a successful business will lead to a successful life, both financially with your money and emotionally, let me explain.
A successful business is all about service to your fellow human beings, and providing value to their lives. If you seek to provide as much value to as many human beings in your life, you are sure to be a success, and customers and wealth will flock to your door. So how does this apply to managing personal finances successfully you might ask?