Handling your money is not exactly rocket science. It’s actually easier than rocket science. You need just two things to be successful.
The first is “the right attitude.” I heard someone talking to a group of inner city, hard to employ people. He said that even if someone looking for a job could type 100 words a minute and knows every computer program known to man, he wouldn’t get a job if he is a jerk. Same applies to your money. If you are a jerk when it comes to your money, you won’t be successful. A money jerk blames someone else for his money problems, and he relies on the good faith of others to handle his money.
The right attitude is very important. If you say to yourself, “I will never get out of debt,” you never will. If you say, “I can’t possibly save,” you never will.
The second thing you need to be financially successful is “education.” The more formal education you have, the more money you will make in a lifetime. The more you learn about your job, the better you will do on your job and the promotions will come quicker. The more you learn about how to handle your money, the better you will do with your money. The best education is free; it comes when you fail at something. Try something and if it doesn’t work, don’t do that again. There are many, many sources of information about money matters. We all need to spend less time watching the reality shows and focus more effort on learning the reality of money; learn about budgeting, about spending, about saving.
I’m a Money Coach and my job is to wave my arms, to come up with little sayings you can remember, and to motivate people. So here goes:
You need to have the right attitude about money and educate yourself about money.
You need to understand the basic fact that each person is responsible for his or her money. It’s not something you can leave to your spouse or some financial person. Only you can do it.
Finally, you need a schedule so you know when to start taking charge of your money. The answer is “start right now.”