Money Management and Investing

The Money Problem

I am positive that personal finance is 80 percent behavior and only 20 percent head knowledge. Our concentration on behavior—realizing that most folks have a good idea of what to do with money but not how to do it—has led us to a different view of personal finance. Most financial people make the mistake of trying to show you the numbers, thinking that you just don’t get the math. I am sure that the problem with my money is the guy in my mirror. If he will behave, he can make the money thing work. The math of wealth building is not rocket science; it is simple—but you have to DO IT! Ramsey, D. (2013). The total money makeover: classic edition. Nashville: Thomas Nelson.

The Money Fix

3 Money Categories

1 Money to Live On

2 Money to answer all things

3 Money to invest

3 Accounts

1 Checking Account

2 Savings Account

3 Investing Account

The 3 Money Plans

Plan 1 The Budget

Plan 2 The Savings

Plan 3 The Investments

The Money Plan Execution

Open a checking account (bank)

Open a savings account

Open an investment account