What Does it Mean to be in Control of your Finances?
Question about finance
What jobs are available with a finance and international affairs major?I want to deal with finance, such as investment banking, but I always want to do something that is government related.
help?
Personal financial planning seems like such a lofty task to so many people. But it is really a simple idea. You are in control of where your money goes.
So few people are. And there really isn’t any reason why. Managing your finances isn’t a difficult task. In fact, it is one you must master in today’s world. It will get you to where you are heading. It will help put your kids through college, it will take you on that second honeymoon, it will buy your home and retire you in comfort. How could you not learn the basics?
There are three general processes in managing your finances.
First, you must be able to control your day to day finances. This is your spending and your earning. You must create a budget, perfect it and learn to utilize it. You have to put the credit cards aside and get out of debt. You have to choose saving over spending sometimes.
The key behind managing your money is that it is no longer managing you. When you are in debt and your money is all spent as soon as you are paid, you aren’t in control. When you decide where that money is going and it goes to where it earns you money, you are the one in control.
The second aspect of financial planning is seen in the choosing and working towards realistic long-term goals. These goals are the motivation behind controlling your finances. You may want to get out of debt, buy a house, go to college and retire comfortably. You might want to see the ocean for the first time — in Mexico. You might want to tour Europe with your daughter when she graduates college. No matter what your goal, it will be the fuel to keep you on the right path. Use it.
The third factor is the building of a financial safety net around your family to prevent financial disasters. You need to have adequate insurance to protect you and your family from illness, death and lawsuits. You need to have a will in place. You must have an emergency savings account that has enough money in it to cover three to six months of expenses.
Your emergency savings not only cushions your budget from the unexpected, it also prevents the usage of credit and protects your savings. You won’t have to dip into retirement when something major goes wrong. You don’t have to use an emergency credit card and then pay high interest to replace something that is broken. You have protected your finances.
Take the time to learn how to manage your finances. It means less stress on you and your family. Yes, it takes a little time and a little work. But it will pay you back many times over.
Video related to finance
Extra content from the documentary "Maxed Out" from radio financial guru Dave Ramsey, a "tough love" guy in the vein of Dr. Phil who teaches in this video how to get out of debt and accumulate wealth– simply and elegantly. Watch this repeatedly to burn the ideas into your brain.
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Posted on February 27th, 2010 at 12:54 am
Did I miss something? Did you say initally you would give me $100 today and toward the end of your talk, you said you would give me today $105 and I could invest it at 5% rate and earn $110.25. How did you go from giving me $100 toay to giving me $105 today?
Posted on February 27th, 2010 at 1:24 am
I’m thinking of majoring in finance. The first thing I dedicated myself to do is look through this entire playlist. I just want to thank you for giving me and everyone else such an opportunity.
Posted on February 27th, 2010 at 1:38 am
Mate these videos are so much helpfull and very clear to understand, you have a great approach of teaching, well done!!
Posted on February 27th, 2010 at 1:41 am
Posted on February 27th, 2010 at 2:27 am
Means the guidelines are set by the city and not the owner of the property. If they want to rent an apartment they can only charge xx amount of money. The rent control guidelines set the % of increase per year. Not all cities have rent control, and ones that do most of the time they have a waiting list for future renters.
My friend moved into an apartment where they had rent control. His rent went up 3% each year. The apartments in the next city did not have rent control and some of the apartments when up 20% per year. The standard increase should be from 3- 8% per year, unless they do main improvements to the building.
Posted on February 27th, 2010 at 3:33 am
awesome
Posted on February 27th, 2010 at 6:03 am
Really helpful in understanding some of the complex and simple financial terms..
Posted on February 27th, 2010 at 9:23 am
man thats clear as crystal, now i understand present and discount value
Posted on February 27th, 2010 at 4:38 pm
Very good article you directed me to. I do have to agree with the author of it, Rockwell. If you really want to find an answer you your lead off question, read the book "The Sociopath Next Door" by Martha Stout. You will understand the mind of those in power. I direct you to this book because Mr. Rockwell has his list of 10 lies. Lie #2 is well suited for the book I have suggested. The book is going to cost about $20.00 or less. Last but not least, if you have a desire to understand how the economy works read "The Creature From Jekyll Island" by G.Edward Griffin.
I leave you with 2 quotes, not of my own.
If the American people really knew how the economy works, there would be a revolution before breakfast. = Henry Ford
Democracy is 2 wolfs and a sheep voting on whats for lunch. Benjamin Franklin
Posted on February 27th, 2010 at 7:33 pm
that’s amasing! thank you very much from argentina and france!
Posted on February 27th, 2010 at 9:57 pm
Hey, this is so cool. Continue making these great videos. I do not know why they are not as popular as all the other less interesting vids on youtube, I mean this often makes me want to say “But this is so simple!”
Posted on February 28th, 2010 at 2:33 pm
I’m in finance 300 right now. thank you!
Posted on February 28th, 2010 at 11:16 pm
uh brooks answer "im extremely bipolar, and i dont think this issue has anyhting to do with her bp condition." is bs. because all of thouse things you described are because of the manic state of being bipolar. i am 18 and bipolar disorder runs in my family. My aunt and uncle have it severly, but they are on lithium which works well for them in controlling the manic states. i am also bipolar, not as severly, and i get more of the depression end of it then i do the mania. But in all honesty, there is no way to know or answer if shes cheating. yes, when you are manic you tend to think you are hot shit and become extremly flirty and, for lack of a better word, slutty. If she is on meds, then her manic periods should start to get better and stop for the most part, so you wont have to worry about the money anymore. i know its extremly hard living with someone with a mental disorder. I'm sorry i cant give you a direct answer to your question. i would suggest talking to her about it. but approach it in an understanding and relaxed manor when the time is right. if she feels that you care and understand, im sure she will open up and be honest. good luck, and try to stick with her. im sure she hates it as much as you do. when you're manic, you dont realise it, so it may seem like she could care less when she is in these states. i hope she is also going to therapy along with the meds, because the meds alone arnt going to work.
Posted on March 1st, 2010 at 8:31 am
The Libertarians should have picked Mary instead of Bob
this would have been a refreshing campaign
but money and running on a third party is the problem
Posted on March 1st, 2010 at 11:06 am
I didn't even finish reading because i didn't need to. this man is my ex husband to a T. get out now, it will only get worse. these men have deep psychological issues that need to be dealt with for their insecurities and mistrust.
Posted on March 1st, 2010 at 9:31 pm
Reality check.
The philippines has good sound laws but corrupt political influences always delay the implementation of these laws.
By the time these laws are enforced, they become so obsolete that another law must be passed (just like the politicians who regularly pass gas – i.e. fart through their mouth).
Posted on March 2nd, 2010 at 5:50 am
Norman Thomas, Socialist candidate for president in 1944 said:
"The American people will never knowinly adopt socialism. But, under the name of "liberalism" they will they will adopt every fragment of the socialist program, until one day America will be a socialist nation, without knowing how it happened."
He also said: "I no longer need to run as a Presidential candidate for the Socialist party. The Democrat party has adopted our platform."
Posted on March 2nd, 2010 at 5:55 am
Finance reform and term limits for the house and senate…No more 50 year dynasties.
That and an easier recall process…make them acountable.