How to Manage Your Finances and Eventually Feel Financial Freedom
By Sean M. Adams | Submitted On June 21, 2011
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Expert Author Sean M. Adams
People often believe that in order to achieve financial freedom it is all about making more and more money. Once you have made some mysterious number instantly all will be better and you will; have all you ever wanted and everything will be right with the world. Unfortunately just making more money isn 't enough to truly become financial freedom. Financial freedom is about more than income, it is about changing how you think about money and more importantly, how you manage your money.
What I am going to share with you I learned from T Harv Eker, Author of the New York Times Bestselling book "Secrets of the Millionaire Mind." I say this because it is important that I give credit to where the wisdom comes from. Although I have tweaked this slightly to work for me, the basic concepts are thanks to him.
I am a firm believe that it is important that we look and at understand more than just how to make money. We have to know how to manage that money in order to be successful. The effective money management system
The author of this book, Dave Ramsey, is a man who has gone through many struggles in his life. Throughout his book he talks about the times when he went bankrupt and couldn’t provide for his family. Dave Ramsey sat down and wrote a plan on how to be smart with your money. Ramsey says, “The principles are not mine. I stole them all from God and your grandmother” (xi). He talks about how these are not new ideas and that these are not theories because they are proven to work every single time. The central concept of this book is to help people succeed in life with money but also their personal relationships. Ramsey wants to give people hope and happiness by playing a small role in their financial freedom.
-The advice about investing in the stock market that I found most interesting was that the longer you hold your investments, the greater the probability is of them working.
In discussions on the topic of lying, a controversial issue has been whether there is justification of lying or not. Where this agreement usually ends, however, is on the question of if there is ever a time when a lie can be told for the good of someone else. Whereas some are convinced that lies should never be told, others agree that there are certain instances where lying is acceptable because the liar protects the one lied to. In the essay “The Ways We Lie” by Stephanie Ericsson, she explores the types of lies and how they affect everyday people. In Anton Chekhov’s fictional story, “The Lady with the Dog,” he displays two characters, Dmitri Gurov and Anna Sergeyevna, lying for love and to avoid consequence by their spouses. I stand against lying for the benefit of oneself because I think that it has the ability to ruin relationships or friendships and is hard to keep up the lies which leads to creating more lies. Although some people think that there are circumstances that warrant lying, I claim that no one should lie because lies end up hurting both people involved: the liar and the person lied to.
The goal of this course is to get you thinking about personal finance issues at a point in your life when you still have time to benefit from the power of time in generating wealth to accomplish your other life goals. The financial decisions you make early in life with determine in great extent the quality of life you will enjoy later, especially given the turbulent and uncertain economic conditions. Money isn’t everything, but a lack of it will impact almost every aspect of your life and those who surround you.
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