When we read financial advice… we’re always left thinking the writer is missing the point. All the recommendations are for people with lots of resources, who just need to save a little more or invest a little better. But what if you’re on the other size of zero… like most people? How do you make “a dollar out of fifteen cents”? Well… here are 10 straight-up financial tips.
- No one has as much money as they appear to (so don’t try to keep up with the Joneses or Kardashians).
- You don’t need a lot of money to look successful (one nice suit and/or dress and a good pair of shoes will do).
- Yes, “they” are trying to take your money (“they” is everybody… but your mom. Ok, sometimes even your mom! So negotiate everything.).
- If you touch it, you spend it… so don’t touch ALL of it (yes… an “automatic-direct-deposit-savings-plan-taken-out-of-your-paycheck-before-you-touch-it”… is the only way to go).
- You need to take risks to achieve wealth (no risk, no reward is actually true).
- You need savings to take risks (see #4).
- You need a “kitchen cabinet“ (family & friends you trust to help make better financial decisions… trust is the most important word).
- You need courage to be an effective risk-taker (get as much information as you can, then move forward using your best judgement… knowing it will be scary at times).
- You need to follow three plans at once… and only three (plans don’t always work out, so you need multiple plans; but without focus plans never work out, so focus on three).
- Always remember, when you don’t succeed… try again! (“Success is the ability to go from failure to failure without losing your enthusiasm!” – Winston Churchill).
Our bonus tip… get busy!