9 Basic Principles for Managing Your Money

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.

The podcasts here are historical in nature. They aired before July 1, 2022 and were previously approved by Kalos Capital. The views and statistics discussed in these shows are relevant to that time period and may not be relevant to current events. This is intended for informational and entertainment purposes only. It is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet the particular needs of an individual’s situation. Investing involves risk, including the potential loss of principal. Any references to protection, safety or lifetime income, generally refer to fixed insurance products, never securities or investments. Insurance guarantees are backed by the financial strength and claims paying abilities of the issuing carrier. Our firm is not permitted to offer and no statement made during this show shall constitute tax or legal advice. Our firm is not affiliated with or endorsed by the US Government or any governmental agency. The information and opinions contained herein provided by the third parties have been obtained from sources believed to be reliable, but accuracy and completeness cannot be guaranteed by our firm.

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