Financial success

I always found it unbelievable that in high school, we had to take algebra and they never teach you how to make a budget, balance a check book, how interest works or about how to use your money wisely. In fact, most people find financial planning, taxes, interest, stocks, bonds, debt, etc., one of the most confusing parts of their lives. They find it easier to ignore their finances because it is just too complicated to figure out. I do not blame them! I have to become a financial counselor myself just to leave the complex nature of everything involving finance. Not that people don't feel that way about algebra but forgetting how to do algebra generally does not lead to foreclosure and bankruptcy! If you don't have a handle on your finances, you can literally ruin your life before it even starts. The earlier you learn a few simple things about your finances, the better your financial life will be, right? It is something everyone needs to learn and it is never too late to take charge no matter where you are in your life. There are 3 EASY things you that you want to do BEFORE you get out of high school or college to insure your financial success. 1. DO NOT SPEND $ YOU DO NOT HAVE This is the #1 way that people get in trouble that the never get out of, sometimes for their entire life. I know this is an old fashioned concept but if you want something, save your money and then buy it! This brings me to my next point. Do not sign up for pre-approved credit cards. Use a debit card only so you're not tempted to but something you can't afford. If you want something that you can't afford, learn to train yourself to work harder or find other ways to make $. Think about what you really NEED instead of what you want. One of the easiest ways is to do things for other people so the universe will do things for you. Think about everything you have and your gratitude will bring you other good things in life. Doing things for other people will make people want to help you. All these things are free and it will help you appreciate the real things in life. It will also help you not spend $ you don't have. 2. LEARN HOW INTEREST WORKS Everyone is so excited that interest rates are low. Why? Because most people are borrowing $. If you want to borrow $, it is better to have low interest rates. If everyone had $1 million in the bank, we would all want the interest rates to be high. This is why credit cards are such a bad deal. Interest rates are so high and if you don't pay it off every month, before you know it, you end up paying double for something you bought. For example, if you borrow $1000 for a car stereo or a shopping spree and you put it on a credit card at 23% and it takes you 5 years to pay it off, you would pay $691 more than the car stereo is worth and in 5 years you may not even have it or want it anymore. Do you see how this can get you into trouble because you can never catch up? And it you do this with multiple items, it can get out of control fast. If you just saved up the $1000 then you only pay that amount. You can do these calculations with multiple numbers on an AMORTIZATION SCHEDULE. If you want to buy the $1000 purchase and you saved $100/month, it would only take you 10 months and if you made 4.5% you would have an extra $45 after a year, but you only needed to spend $1000 so you have $45 left over to keep earning interest instead of spending almost $700 more and paying interest. You can calculate interest earned on an INTEREST CALCULATOR and have fun saving $ instead of spending it. 3. THINK OF QUICK AND EASY WAYS TO MAKE MONEY With the economy like it is today, you need to have other ways to make money while you are waiting for your career to kick in. With tons of high school and college graduates looking for work, not to mention highly qualified people, you need to get creative and EMPOWER YOURSELVES. One of the easiest ways to make money in the 21st century is on the internet. Every company and every business out there has a website. There are so many ways to do it if you want to learn a few simple of things. For more information about making $1000 per day spending 3 hours a day, please click on this link and watch the video. www.empowernetwork.com/az2brazil