As the title says, I’m not talking about the future here. The future is here and it’s getting bigger and closer to us all the time.
This is why it’s so important to have a plan for your money. It acts as a form of control over your future. If you wait to be able to control your money until you’re financially ready you may find you will never be financially ready. It’s also important to take care of your money so you aren’t dependent on anyone else for your financial security.
With the new year comes the biggest and best financial year in the annals of human existence, the year of the first paycheck. For most Americans, that means they are looking forward to the day they will be able to buy whatever they want without having to worry about whether they will live to see their child grow to be an adult or if they will be able to pay for college or save for retirement. It is an amazing time of year to be in the financial arena.
The problem is that as the year goes on and the bank account grows with every paycheck deposited, it becomes harder to maintain an honest picture of your financial health. In short, the bigger the account, the harder it is to see how well you are doing. That is, in essence, what the term “financial illiteracy” is about. In today’s world, it’s a real problem. No matter how much you make, it is very difficult to stay on top of your finances.
This should come as no surprise to many of us. It is a problem because the financial industry has become inundated with so many new products and services each year. You can’t keep up with all these new services. It becomes more and more difficult to know whether or not you are doing something right. You only get one shot at it, and it’s to be taken quickly. So there is a lot that is unclear.
The thing is, there is no “one shot” to pay off your debts. In fact, the only way to really pay off your debt is to earn enough money to pay it off. You can’t just say, “I’m paying it off now,” because it will simply take you to a new level of debt. It is almost like the law of attraction.
In the end, the only way to know if you are doing something right is to take action. If you pay off your debt, then you have succeeded. And if you dont, then you are doing something wrong.
So, what does the money have to do with it? Well, for one thing, the money you earn will allow you to access your bonus rounds. The reason for the bonus rounds is that each time you get a new debt to pay off, you get a new round of bonus rounds. That means that if you get a good deal and the bonus rounds arent too bad, then you will be able to increase your debt by earning more money.
For the average person, this is a very confusing concept. Most of us are constantly thinking about our money, as if we need it to survive, and how much we need it, and how we can pay it off. But it turns out that the amount of money we actually have to work with is the sum of all these things: our budget, our income, our credit score, and how much money we actually have. And that is what you are talking about in the above quote.
This idea that we have to increase our money is actually a little bit counterintuitive. As we already know, our actual amount of money can be far less than we think it is. When you look at a list of what you have to pay off your credit cards, your mortgage, your car payments, your gas, your cell phone, your rent, your utilities, and so on, you can see that they are all less than our total budget.