Friday, July 24, 2009
Keys to Building a Strong Financial Foundation in any Economy
Building a strong financial foundation for you and your family now and down the road isn't just built on making more money. There are five keys that need to permeate our thinking and drive our actions. Focusing on such principle-based keys help create the right frame of mind that changes our financial behavior. Only then can one truly build a strong financial foundation that can withstand any economic storm that comes our way.
Key 1: Avoid Debt
Key 2: Use a Budget
Key 3: Build a Reserve
Key 4: Give to Charity
Key 5: Teach Others
These may seem straight forward on the surface, but finding personal ways to apply these principles in their truest sense can take a long time to master. We will be diving into the details in the future to help us all build a strong financial foundation that can withstand any economic conditions.
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