In a world where the DOW Jones is at record lows and unemployment at record highs, a person’s personal economy is more important than the bigger global economy. Here is why: People who do not take care of their own personal economy through responsible and accountable finances are doomed to drag the global economy into shambles. The evidence can be seen everywhere. The days of over leveraging and irresponsible finances are over and what is left is what I call as a financial Armageddon. Now, I am not claiming to be an expert with answers on how to fix the global economy. I will leave that to financial experts, politicians and more qualified entities to fix. All I can share is how I am implementing financial tips I have learned through the years and how I am laying down the foundation of my own personal economic recovery.
First, an important disclaimer, the ideas I have learned and am trying to implement came from different sources. I currently read books, listen to podcasts, and watch TV programs that geared towards financial education. Some if not, all of my sources have their own Pros and Cons, followers and critics, ideological and philosophical differences and similarities. To reconcile these issues, I still use my own common sense and the shopping cart method (Take what I can use and leave what I do not use) when dealing with these broad array of financial tips. To name a few, I follow the advice of David Bach, Robert T. Kiyosaki, Suze Orman, Dave Ramsey and more. Note to future readers: Before flooding me with negative comments (which I would screen), please read with an open mind and free of personal prejudice. You may not agree with or just do not like the financial expert I got my tips from but simple common sense and critical thinking can change a person’s perception when one is not clouded by personal bias.
Why am I posting these financial tips? Primarily, I am posting these tips on my blog so that I would not forget them. As I mentioned above, I am actively reading and learning more information daily and I would not want to forget or confuse the information I have collected so far. Second, perhaps this can be a reference point for my nephews, future kids and other family members in the future. I would want them to avoid some of my mistakes and rectify their own mistakes with viable information that would lead them to their own economic recovery. Finally, if others outside my circle of influence end up reading this by random, my hope is that these tips would help them personally and maybe begin a snowball effect of financial recovery for everyone (a lofty goal if I say so myself).
As I gather more information, I would update this post and add more advisers and tips. I have a personal commitment to myself to keep learning and act upon the knowledge I receive. However, for the interest of my own personal privacy, I would only disclose vague financial and personal data (if ever) or would give rough numbers to reinforce the credibility of these ideas. The anecdotes, stories and examples I would post may or may not have been through my personal experiences. So as a tip, just learn the lesson and not the story. Besides, I am not writing my autobiography… yet.
So just sit back and relax. I hope you learn a thing or two… and leave comments if you have suggestions and/or objections. Just be respectful.
