Financial Tips
Money is only a tool to enrich your life – nothing more…
- Once you understand your relationship to money, the rest is just habits and math.
Spend less than you earn – any other way leads to bankruptcy
- Accept what you can make, understand your expenses.
- Pay your credit cards off monthly or cut them up.
- Defer your purchases.
Keep your credit clean – bad credit costs you money
- NEVER bounce a check. Get overdraft protection.
- Pay your bills on time, always.
- Use automatic payments whenever possible.
- Don’t co-sign for anyone.
Have some cash – this equals freedom
- Have a line of credit or cash equal to 3-6 months of expenses.
- Cash gives you freedom from your employer.
- Cash gives you freedom from your worry/emergencies.
- Cash gives you freedom from to pursue opportunities – travel, education
Save 10% of your income – always
- Pay yourself first (who else is more important?).
- Save tax-deferred.
- Don’t let debt stand in the way of saving for the future.
- Understand the “magic” of compounding and time.
Money$ense
3455 Fordham Ct
Boulder, CO 80305
303-494-6700