Rayanne Morriss https://www.carputty.com 3m 741 #financial

The views of this article are the perspective of the author and may not be reflective of Confessions of the Professions.

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A Financial education is something that has enormous value. With a good financial education, you will find out how to use your money in the most practical ways. Not only will you learn the best ways to earn money, but you will also learn how to make your money work for you. Fortunately, there are plenty of avenues that you can take to get a financial education nowadays. The problem is that many people do not know that they need financial education. They go through life making the same financial mistakes, and they later wonder what happened to their money. You do not have to suffer from the same fate as many. Learn some smart and easy money tips in order to make your money work for you.

#1 Have A Positive Attitude About Money

Do not make money your enemy. There are plenty of broke people out there who attribute their situation to financial problems when it is really bad habits. Money can be one of your most faithful allies if you know how to treat it right. First of all, change your language about money. Do you make derogatory statements about money? Do you think that people who have money are greedy? You will need to change your mindset.

People who have money are not necessarily greedy; there are plenty of wealthy people who make huge donations that benefit humanity. You should not talk disparagingly about money because what you believe comes true. If you tell yourself, ‘I will never have enough money,’ then you won’t. If you say that you ‘hate money, ‘ then you will never have any. When you say that ‘you can never keep money,’ then you won’t. Set yourself up for positive money vibes by obtaining and maintaining a positive attitude about money.

#2 Know Where To Go For Money

There will be times in your life when you may need extra funds that you do not have. This is when you do well to know where to borrow money from in a pinch. Be aware of the family, friends and institutions that you can rely on if you are in financial perils. Look for options that are non conventional like getting a loan at a credit union or getting an automotive line of credit; be sure to know the automotive line of credit requirements. Another good idea is to have a credit card that is dedicated to emergencies. Only use this credit card when there is a true emergency.

#3 Earn Save and Invest

The three best things that you can do when it comes to money are earn, save and invest. First of all, you want to make a decent income because your income is your highest wealth builder. One of the best ways to have a good income is to learn a valuable skill. You can choose to go to college, or you can learn at a trade school. Whatever it is that you do, make sure that you are learning something that is marketable. Next, you want to save a portion of all of your money. Save as much of your income as reasonably possible.

First save enough money to cover yourself for a few months in case of an emergency, then you should be saving for retirement and also saving for future hobbies, trips or purchases. Lastly, you should invest. You can never save enough money for your retirement, unless you are a millionaire, so put 15% of your income into investment accounts for your retirement. Invest in mutual funds and ETFs that are well known and diversified. The sooner you begin to earn, save and invest, the more secure your financial future will be.

Money Isn’t Hard

Money does not have to be hard. You should not feel overwhelmed by your money problems because there is always a solution. It would be great if we were all taught how to manage money at a young age, but that is not the case for everyone. Now that you realize the importance of financial fitness, start making changes. Manage your money and find an organized strategy that will allow you to track what is going on in your wallet. Keep a positive view of money, control how your money is spent and saved, and have a good plan for emergencies. Your money is your responsibility, so make the choice to be financially literate, and watch your money grow.

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