10 Foundations of Personal Finance
February 25th, 2007
To start my personal finance series I thought I would start with the following foundations on personal finance. I will follow up with a post on each of these individual topics:
#1 Spend less than you make
#2 Create and stick to a budget
#3 Make savings automatic
#4 Accumulate assets that appreciate in value
#5 Avoid assets that depreciate in value
#6 Invest your savings early and often
#7 Live almost debt free
#8 80% of personal finance is behavior 20% is knowledge and the numbers
#9 Your retirement is YOUR responsibility
#10 To be successful you and your partner must agree on these principles
Most personal finance topics can be attributed back to one of these principles. Did I miss any?
Hey my name is Andrew Knight! And I’m a web developer as well! Awesome! Your site is great and I’ve learned a good little bit from it. These ten principles are good and practical ideals. Thanks!