Money and Personal Finance

Summary: Many things contribute financial fitness, which is part of almost everyone's definition of happiness/success. (Tweet This)

Unless you are one of the very few people who have more money than they can spend, managing your money and your career is going to play a huge role in how successful you are.

Most people equate success with money

In the immortal words of singer Liz Phair:

liz-phair

"It's nice to be liked
But it's better by far to get paid
I know that most of the friends that I have
Don't really see it that way
But if you can give 'em each one wish
How much do you wanna bet?
They'd wish success for themselves and their friends
And that would include lots of money"

Okay, Ms. Phair may have been a little off-track when she said that getting paid is more important than being liked. Let's just focus on the rest of the quote, "success... would include lots of money"

But money doesn't buy happiness

We know that money can't buy happiness. There are a lot of rich people who are not happy. On the flip side, there are a lot of poor people who aren't happy either. At least the rich people don't have to worry about how to pay the next month's rent. Eliminating the stress that comes with not having enough money is something I'd definitely put in the "good thing" category.

In short, money can be used to save you from things you don’t want to do. It can buy you a certain level of freedom. And having money creates opportunities that can lead to happiness.

Money is such a broad topic that there are dozens of areas to cover. I’m going to focus on a few specific areas. Some of these areas

Keys to Financial Independence

What if you had a clear outline on how to achieve financial independence? That’s what I’m going to give you. It will include subtopics such as:

  • Saving Money - One of the best ways to get ahead financially is to make the most out of the money you have. There's a big difference between saving money and depriving yourself... so we'll focus on things that will have minimal impact on your life.
  • Investing - I've read stories about how people saved money all their lives only to lose it with a bad investment in the end. I've also read how people like Warren Buffet turned a little money into a lot of money. We'll explore the things that make for good and bad investing.
  • Credit - Did you know that having good credit and using it wisely can save (and even make you) hundreds of thousands of dollars in your lifetime? We'll cover how to avoid getting trapped by credit, as well as how to use it effectively to speed the wealth-building process.
  • How to Get out of Debt - Hopefully, you never have to deal with debt, but for those who do, the first step to being successful with money is getting out of it.
  • Career - A lot of your earning potential comes from your career. So we'll look at how to find a job, clean up your resume, write a cover letter, how to interview, how to negotiate a raise, and other topics related to the working world.

Over time, we'll take these concepts and organize them. We'll flush them out from these broad (and useless) descriptions.

Final Thoughts on Money and Personal Finance

There are many things, both big and little, that combine to establish your overall financial "fitness." That financial fitness plays a role in most everyone's definition of happiness or success. Once you learn and implement the basic principles, you'll build a strong a financial foundation.

This post involves:

Money / Personal Finance

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