Money Management 101 and How It Can Improve Your Life
Money is a very important topic in our life. I would go so far as to say that anybody who says that it isn’t, are lying to them selves. The reality of our life is that over 70% of transactions in our life are monetary. If we do not learn how to properly manage this part of our being, we are going to be bound to life of lack and need – and nobody wants to have that kind of stress in their life. The only way to avoid this kind of existence is to become a monk and withdraw from society completely. But I do not think that a life of a monk is for everybody.
Here is a bit of background on me. When I was younger, I had a highly idealistic and almost snobbish point of view about money. I believed that money represented materialism. I, being a “highly evolved” spiritual being should not be concerned with finances. I believed that being poor or struggling financially meant that I am evolving even more. This just reinforced my conviction about being spiritual and my already inflated ego. In my opinion it did not help me be any more evolved then I am now. It did land me in debt however. So badly that I wasn’t able to pay it off for years. Constantly worrying about finances brought me more stress and nothing else but that.
I think the only great thing about struggling financially, is realizing that you have to do something about it in order for it to stop, or it never will. I also think that we learn spiritually much more from doing something to improve our present situation (or our selves) rather then simply accepting our fate, and wanting for the change to come.
When I realized that I might have been wrong about how I view money, changes began to happen in my life. I changed what I do for a living. I changed how I look at finances. I began studying what it takes to be financially successful. These changes improved the quality of my life more then two fold, and I do not think I am more materialistic then I was before.
Here are a few things I learned through out this journey:
– You must know where you want to end up financially. In other words – have a goal.
– You must have a plan of getting there. Make a strategy that will allow you to achieve your goal.
– A budget must be a part of your plan. A bookkeeping and budgeting is like a window into what is happening in your financial life. How much you are spending, where, and how much of it you can actually afford. If you do not follow a budget you can look at it as driving blindfolded in a snow storm. You can do it, but you might get in trouble.
– Have a plan where you are going to divide your money as soon as it comes in. So as soon as you get a pay check (of any sort), separate it into categories (long term investment, short term savings, budget, charity, spending money. You can use how ever many categories your plan will require.) This way you will know where every single cent is at all times.
– Learn about investing your money. This is probably the best advice I can give. Learn as much as possible. If you don’t have money to pay the “best” to do investing for you, you must take matters into your own hands and learn how to do it. Nobody will care about your money as much as you do. Learning different investment strategies will always give you a better result, then simply giving it to someone to do it for you.
Money can be compared to breathing. We don’t think about it when it comes to us easily, but it sure is a problem if it doesn’t. So, as it is important to learn how to breathe when we are born, it is also important to learn how to manage our finances. And the beauty of it all is the fact that there is a lot to learn. So let’s get started.
Alexander Tretjakov
http://www.articlesbase.com/finance-articles/money-management-101-and-how-it-can-improve-your-life-103427.html
So, If you were in this confused situation about your future what would u do? college Life 10pnts?
I’m 20 years old college student in probation. History, Eco, Astronomy, Marketing, Business Law all D+ ..Finance A+… French,COMMUNICATIONS, Geometry, Accounting C+. Keyboard, ESL 02 nd 03 A+ ENG 09 B. Reading 1 nd 2 B. I have 39 credits going to my 6 semester. So embarrassing I know! Should I start from the beginning? I don’t want these to affect my future career. I will like to transfer to a 4 years college. I just realized that I’ve being wasting all this two years studying business management. I’m a genius in computers but I do not see myself all day sitting in an office using this on a boring day.I love helping others; Moving around, so I start working at target to gain experience I don’t need the money. .I have seen many managers using their power to make feel employees worthless. Their Main goal is to make profit; nd fuck ppl. People working in retail store are always complaining about their life & salary I know it would be very difficult for me to cut employees hours or if there’s one who doesn’t do his job completely nd I don’t want to be anyone Nanny . Personal Manager was an option, but money from others? Nah! what I like best is help people in unjust situations.
Don’t know what’s so special from me but everyone is so nice with me; When I’m at work I’m always there to help and when I said always is Always. I don’t do it for a better position, Naah! I don’t care if I’m n break time or in my way to I helped them!. Sometimes I feel so bad because they tried to start a conversation but I fail to understand them clearly. I Need to improve my English!! I love so much this language its so beautiful; Ppl speak with so much patience and respect..
I always wanted to be a lawyer but the truth main reason whom stopped me was my English. I gained so much experience & maturity from this situation. I learned how to take time to read with patience while using a dictionary as helped. Work has been one of the main reason . Although I was accepted to work days out of my college scheduled, I needed time to study & manage my time but this routing hrs is crazy!!! While not everything is bad, at the store I learned how to understand other concerns and handle my English matter. I would like to major n something bout computer or should I do this now or after transfer to a 4 years college? so go to a Law school and complete my dream!! 😀 . I will like something that involved computers but not art or sitting down working n a chair . I want something cool risky and excited. I know how to analysis situations and make good decisions. My friends called me a Risk-Taker. I was thinking about psychology or counselor but I hate to repeat the same stuff all the time. My options are; Prosecutor, Law enforcement; Computer-based crime. I will try to resolve this problem at work, manage my scheduled or good bye Target. I will study hard to better my English and better my GPA ( omq I sound political, should I be a politic? Lolz) so yeah I need help from ppl that have experienced or have knowledge this situation, what’s the best option to take. I don’t want to keep falling n same mistakes over over over and over. I’m kind of old to be in this, should have finish college already. =(
Don’t worry. I just finished my BBA in Marketing/Management but I’m going back for Physics so you can always change no matter what. From what you’ve written, I would say go into law because it seems like your passion. As far as transferring to a four-year university, from what I know your GPA from any other university, community college or whatever, will not transfer over with you when you switch schools. It will be a play a part in determining whether or not you’re admitted but if you feel like you need some more time to take classes that you might possibly be interested in, then do them now before you transfer. I truly hope this helps, but it sounds like you’re blessed enough to find your path at a relatively young age no matter what you might think lol. I’m getting a completely different degree that’s gonna take me 5 years to get a PhD in, and I’m 21 so yeah we have all the time in the world.
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