money management is what we are not taught in school, the only thing my professor taught me is the thoery of money. but in today's society i dont think we need thoeries but applications.
sorry to say, most professors are broke because of too much theories. money management is just ability to apportion your hard earned cash in a way that you have more than what is going out. the only way to managed your money is to tie it down, when money becomes a hard worker for you , you are on your way to financial freedom.
dont work for money but make your money work for you. how can you do this? just give little of what you make monthly to a particular investment,over time you will see that your money is a hard worker and faithful steward.
identify a good and profitable venture by all means, dontrun from risk, embrace it but calculatively ; then venture. if every month you will break your income into three: 30% for yourself 30% for a business of your choice while 40% for an investment. with this simple illustration you are already a good money manager. there no miracle in riches but a committed strategy to attaining it
Very Interesting Theory!!
Clearly your Broke professors taught you well
Interesting that you are using this forum as an attempt to apply some form of application to this theory
I hope that you are equally passionate about recycling plastics, politicians and junk bonds.
I'm sure my Grandma told me that if I take care of the pennys... the pounds will take care of themselves and then in my life I will then achieve the ability to not have to buy into the BS
by Daisy Rivera 3 years ago
Is It So Important To Use Money Management Skills When You're Saving or Spending or Both?
by And Drewson 7 years ago
Considering that people can get credit cards so young and that college tuition is going up about 20% per year, I think that young people are starting off handicapped.What do you think?How do you try to pass along good spending/saving/investing habits?
by fashlon 8 years ago
OPEN MINDThe rich are who they are not because of what they did to make money; it is a wrong focus to look at the activities of the rich and wanting to emulate them. The rich are not much of the wealth they possess but a composition of psychological makeup, for the rich their businesses or...
by breathe2travel 6 years ago
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Is taking an insurance policy is part of money management?Does an insurance policy helps us in managing our money.
by rich_hayles 7 years ago
Do you agree that basic financial management and life skills should be taught at school?My mother works for a college helping to get kids in to University (in the UK). I talk about education all the time with her and can't understand why, after the near financial melt down of the UK and US, that...
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