Home
>
Wealth Building
>
Personal Finance Rules to Building Wealth

Personal Finance Rules to Building Wealth

Key 1 Pay your self first

key 2 Saving is not a punishment. Its making choices about how you'll use your money.

Key 3 Financial sucess involves hard choices. Be prepared to make them.

Key 4 Make a budget and stick to it.

Key 5 Future financial independence is worth present sacrifices.

Key 6 If you cant afford it pay cash, pass.

Key 7 Communicate with your creditors, especially if you are going to be late with a payment.

Key 8 As soon as expenses rise to the level of your income, trouble is not far behind.

Key 9 Self-discipline is the key to any sucessful financial program.

Key 10 Balancing your checkbook with each statement is essential. It costs only 15 minutes a month and is one of the best investments you can make.

Key 11 If you dont know where your money is going, you cant decide where to spend it.

Key 12A penny saved is a penny earned.

Key 13 You never know whats going to happen. Tuck away an emergency fund of at least 3 months.

Key 14 Save at least 10 percent of each paycheck.

Key 15 Beware of small expenses. Each muffin and cup of coffee on the way to work adds up over a years times.

Key make a list your basic, essential living costs and add them up to get a real picture of what you need to cover your monthly nut.

Key 16 Avoid the temptation of buying more than you need just because its a good price. You cant afford the savings.

Key 17 If you have multiple crdit cards, pay down your highest intersts cards first.

Key 18 Paying at least double the minimum required each month will show progress.

Key 19 Re-evaluate your personal budget at the begining of every year and adjust where needed.

Key 20 Teach your children how to save.

Mike Magana is a personal finance coach that helps families in reducing their taxes, getting out of debt, and controlling there living expenses. Please reach me at personalfinancecoach@yahoo.com for any comments.

Beecher limo rentals ..

In The News:

Learn how to work Google's calendar application to streamline and organize your daily tasks from technology expert Kim Komando.

If you do not want Facebook to have automatic access to your private photos, follow our tips to protect yourself. Kurt “CyberGuy" Knutsson shows you how.

Kurt “CyberGuy" Knutsson goes into detail about Apple’s recent iOS update that allows iPhone users to instantly translate spoken language simply by using the Action Button.

Safeguarding your digital life with a reliable physical backup isn't just a precaution, it's a necessity. Kurt “CyberGuy" Knutsson provides the essential backup checklist.

Kurt “CyberGuy" Knutsson reveals how a Redditor exposed false recycling claims at their apartment, highlighting a report that only 21% of U.S. recyclables are processed.

Kurt "CyberGuy" Knutsson offers a travel toolkit featuring five technology tools to help you with booking flights and hotels for your summer vacation.

The bubble behind the clock on your iPhone can appear in different colors. Kurt "CyberGuy" Knutsson explains what each of those colors mean.

Scammers are using the power of artificial intelligence to mimic voices of people and are using the fake voices to commit crimes, like kidnappings.

Stay up to date on the latest AI technology advancements and learn about the challenges and opportunities AI presents now and for the future.

Tech guru Kurt "CyberGuy" Knutsson explains the science behind the Invisibility Shield, a 6-foot shield that makes people become invisible.

The International Olympic Committee on Friday announced plans to use AI in various Olympic aspects, including athlete identification, training and judging.

Tech guru Kurt "CyberGuy" Knutsson explains an easy trick to avoid squinting while working or surfing the web by zooming in on your personal computer.

Streaming giant Roku has recently been targeted by a pair of cyberattacks, and the company confirmed over a half million Roku accounts were compromised.

The Land Aircraft Carrier combines an all-terrain, six-wheeled vehicle with a two-seat aircraft, which features electric vertical takeoff and landing.

The European Union has sent TikTok a "request for information" on the video sharing platform's newest app, TikTok Lite, under the Digital Services Act, with the aim to clean up social media.

Stay up to date on the latest AI technology advancements and learn about the challenges and opportunities AI presents now and for the future.

The FBI is warning the public about a recent phishing scam via text that claims its targets owe money in Pennsylvania for unpaid road toll charges.

Your Apple Music settings may be revealing to your contacts what you're listening to. Kurt "CyberGuy" Knutsson explains the process to change those settings.

Learn how to secure social media accounts, implement legacy contacts, and create a digital estate plan to protect your online assets from 'ghost hackers' after your death.

A ported phone number scam is leading to more people having their identities stolen by sophisticated scammers. Kurt “CyberGuy" Knutsson tells you what you need to know.

The Great Pacific Garbage Patch, a vast marine debris vortex, is being tackled by The Ocean Cleanup’s innovative technologies. Kurt “CyberGuy" Knutsson explains.

Discover easy solutions to tame autocorrect frustration on iOS and Android devices. Turn off, customize and add personal touches to your typing experience.

Kurt “CyberGuy" Knutsson reveals the six top things to do right now before it’s too late: Tech and life choices that can keep your safer on and offline.

Kurt “CyberGuy" Knutsson shows you some simple steps to discreetly hide apps or an entire app page on your iPhone for decluttering or confidentiality.

The ambient light sensors on smartphones may be turned into cameras, according to researches at MIT. This could pose a threat to people's privacy.

Personal Finance Rules to Building Wealth

Wealth Building