Common Sense Financial Podcast

9 Basic Principles for Managing Your Money

Money is a funny thing.

It is something we use everyday of our life. At times we have plenty of it and other times not enough. It is something people often stress and worry about. People think about running out of it and want more of it. We spend a big part of our life working and running businesses to receive money.

It is a huge part of our life. Yet, there is little if any education or guidance on how to use it.

We are trained to earn it in one way or another, but when it comes to knowing how to handle money we are left to fend for ourselves.

We are taught the need for it but there is no guidance on how to use it.

Schools don’t spend time on it and most families don’t discuss money.

Without guidance and learning best practices to achieve success, we are set up for failure before we even begin our relationship with money.

What if everyone had an opportunity to learn some basic principles for how to effectively think about and handle money before ever getting started?

These are a few basic points about handling and thinking about money that I believe are the foundation for all other decisions you will ever need to make with money.

You can think of these as core principles to help you navigate through the maze of decisions you will need to make along the way.