Tuesday, August 30, 2011

Making Sense of Your Money

Why the Blog?

Let me ask you a few questions

· Would you send your child out onto a football field without a helmet or without explaining the rules of the game to them?
· Would you bet your paycheck on a casino game that you didn’t understand?

My guess is that your answer to these questions is no.

Now for some more serious questions

· Why do you send your kids into the financial world without the tools or knowledge to succeed?
· Why do you wager large sums of your hard earned money on financial transactions that you may not really understand?

Many kids are ruining their credit while they are in college. School prepares you to earn money but not how to manage it.

This short, to the point book will tip you off to some of the rules of managing your personal finances and making good financial decisions. Hopefully this will encourage you to get started on the right foot or correct any bad financial habits that you may have already developed.

You can own and manage money or let money own and manage you.

I have to note that I started writing this in 2008 before the current recession. I graduated high school during the recession of the early 80’s and learned a lot from it. I was worried that my children wouldn’t benefit from the same experience. It looks like they will. Like Solomon said, “There’s nothing new under the sun.” Enjoy.

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