What is Personal Finance? Your Understanding May Be Way Off

When people hear personal finance, they tend to think about cutting back on expenses or identifying things they are doing wrong.

But a lot of it comes down to asking people: What do you love to spend money on? What are you looking to do in life? What is your financial why?

Once you answer these questions, then you can build a plan to start working in that direction.

There are so many ways to play this game and it can get very complicated.

Instead of constantly worrying about your money, focus on a few key things:

1. Know where your money is and the intended purpose of each account.

2. Stay consistent, stay invested.

3. Be rational and keep your emotions in check.

By focusing on a few key variables, you will save yourself time to then be able to LIVE LIFE.

Don’t become overwhelmed or anxious.

Get excited, be curious, and be creative.