Command those who are rich in this present world not to be arrogant nor to put their hope in wealth, which is so uncertain, but to put their hope in God, who richly provides us with everything for our enjoyment. Command them to do good, to be rich in good deeds, and to be generous and willing to share. (1 Tim. 6:17-18)

Monday, June 8, 2009

Financial planning like a millionaire

When Dave Ramsey talks about personal money management, whether it's through his radio show, FPU, Live Events, or books, one HUGE emphasis he makes time and time again is that people need to think like rich people and do rich people stuff when it comes to their money.

Doing rich people stuff includes things like:
  1. Zero debt
  2. Live on less than you make
  3. Give generously
  4. Always ask "how much," not "how much a month"
  5. Drive used, paid for vehicles
  6. Have a plan; monthly budget
  7. Set goals - think short and long term
  8. Save, save, save

So are you thinking like a rich person or a poor/middle class person? Start thinking like the rich, and soon you'll get there over time!

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