Welcome to 2017. My goal for you is to keep you informed and assist you with your personal finances. Remember, that no one cares (or should care) about your finances as much as you should. This may be shocking to some, but it shouldn’t be. You have your best interests at heart.
From time to time I meet people who say that someone else handles the finances and they are uninformed. That’s not good enough. Every single person should know and understand their own finances individually and as a couple. So make this year the year that you make your personal finances your goal.
To get from where you are today to being in the know, step one is to make your finances a priority in your life. With that said, I don’t what to overwhelm you. Let’s start with a few easy questions, although the answers may be tough:
$ What do I earn? Sounds simple, but do you know the answer?
$ What do I own? These are your assets – your home, car, etc.
$ What do I owe? That’s a hard question for some to actually face.
I am going to give you a hint about the answers.
The first two questions should be upward moving numbers. What you earn now should be more than 10 years ago. The same with what you own. The last question should be downward moving number, unless you recently took on a mortgage.
These three simple but complex questions, are the start to being informed about your own finances.
Take some time to answer these questions and you will be more informed about your finances.
Stay tuned for more articles to get you aware of your finances.