Guide to Financial Success

Maintaining a healthy mind, body & soul is important when it comes to having stability in all aspects of one's life. This includes financial decisions we make on a daily basis. The better choices you make the less stress you will have.

I. Think Positive & Feel-The less stress we have on a daily basis the more we are able to make decisions that lead to successful results. One has the start with the way we think and feel about things we deal with in our lives. Remember to always take care of your mental health so that your mind is clear and free of negative thinking that will lead to bad decisions making. Maintaining a healthy mind set will also lead to better physical health.

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A. Starting your day with a positive attitude-It is important to always be positivebefore getting into anything you plan or not for the day. Being positive always helps you maintain focused, motivated and full of energy towards carrying out your goals. Staring your day with a positive attitude will also help you maintain calm if and when things get stressful.

B. Be realistic with yourself-Know that part of planning something is also expecting things not to go as planned. Learn from your mistakes and move on. This skill is useful when managing one's finances, as you will learn to better handle the situation.

C. Learn to relax-always make time to relax your mind & body as much as possible. 5-30 minutes 3-5 times per week engaging in to whatever activity you find relaxing will help you maintain good mental health. Being able to maintain calm when makingfinancial decisions will always be a benefit for you!

D. Have confidence in yourself-If you do not believe you can do something there is no point in doing it at all. So make sure you have enough confidence to trust your decisions especially with your finances as this will help you reach the financial success you desire.

II. Feel Good, Look Good-It is also important to remember that image isn't everything, but it is also true that working on your physical appearance is a positive first step in working on to have a successful financial life.

A. Eating & Drinking Right-We're not saying that you need to be a health nut, but it is important for you to be involve in a healthy eating program that will help Inca your life. After all, the longer you live, the longeryou can enjoy your financial success.

B. Activities & Exercise-Once again we're saying that you need to be in on some extreme exercise program, but you should involve yourself in activities that will help

C. Skin, Hair & Nails-You don't need any big budget makeovers or it doesn't matter if you like to experiment with different styles and colors, but keeping yourself well groomed is a basic organizational skill that will help you get use to having your financial life organized.

D. Clothes, Shoes & Accessories-Try to be a smart shopper & spend your money wisely. There are always sales throughout the year that one can benefit from. Always have a budget and limit of what you can afford to avoid overspending. Shopping at big department stores always helpsto find good prices.

III. Inform, Protect & Invest in Yourself

A. Inform Yourself-Knowing and understanding what you are getting into always makes it easier for you to do. Your level of stress will also be under control.

1. You must want financial success-No one can force you into wanting to be financially successful. You have to want it and you have to work to be financially successful. Having a clear picture of what you are setting out for always makes it easier to accomplish.

a. Be in control-If YOU want to be financially successful, YOU must do the research and only you can make the best decision for YOURSELF.

b. don't be afraid of money-You are in charge. You make the money. You don't have to do anything you don't want to do. Before you make adecision make sure it is the best decision.

c. Be a hustler, not a customer-don't believe anything until you see it. Don't believe everything you see. If your going to do business with a company or a person you should try to know as much as that company or person in the business your getting into.

2. Knowledge is Power-Know what you owe and where you can make some money. The more you know the better prepared you are, you will have less questions about whatever information you need.

a. It's OK to say, "I don't know, but I'm going to try to find out."

b. Try to get as much detail as you can before making a decision

c. Try to carefully review and fully understand your details before making a decision

3. Assets = Liabilities + Owners ' Equity-Assetsare the value of "equity" plus "liabilities." The term "equity" describes the value of the things you own and the term "liability" describes the value of a present obligation you owe.

a. Acquire as many assets as possible-It is important to remember to in order to be financially successful you have to acquire as many assets as possible. You must keep liabilities at a minimum because many times the interest rates on your liabilities can eat away at the value of your equity.

b. Liabilities acting as assets-It is also very important to be aware of the liabilities that act as assets. Many times people see buying a new home, increasing their asset value. But the reality is that your asset value can still be somewhat the same since your home is an increase in equity and themortgage loan you used to get the home is an increase in your liability. So be aware that acquiring thing is not always an increase in your asset value.

c. Assets as Income-Many times you can find assets that can be a great source of income. It is very important to remember that some liabilities act as assets when you are looking for an asset that can make you income.

B. Protect Yourself-Remember it is very important that you are financially protected. Always consider how you are benefiting & protecting your from the results of the decision you are making. Take your time to think things through and select the best services based mostly on the benefits it will provide you.

1. Will & Testament-A Will gives you full control over such issues as who gets yourproperty, who will be the guardian of your children, who will manage your estate upon your death, who will inherit assets that you haven't left to anyone else and other issues relating to the management and distribution of your estate. The importance of a Will cannot be understated. A Will is perhaps the most important legal document the average person will ever have.

2. Savings/Checking Accounts & CDs-If you need a safe place to keep money in bank account is often the best choice. Banks offer different kinds of accounts for different purposes. With a Savings and Checking account you can put your money in a safe place and still have easy access to it in case you need it. With a Checking Account at your even giving checks so you can pay other people with the money you put in yourbank account. A CD or Cash Deposit is the same but with a CD you actually let the bank hold a certain amount of your money for a certain period of time.

3. Life & Health Insurance-Life insurance or life assurance is a contract between the policy owner and the insurer, where the insurer agrees to pay a sum of money upon the occurrence of the policy owner's death. In return, the policy owner (or policy payer) agrees to pay a stipulated amount called a premium at regular intervals. Health insurance is a type of insurance whereby the insurer pays the medical costs of the insured if the insured becomes sick due to covered causes, or due to accidents. The insurer may be a private organization or a government agency. Market-based health care systems such as that in the United Statesrely primarily on private health insurance.

4. Auto & Home Insurance-Vehicle insurance (or auto insurance, car insurance, motor insurance) is insurance people can purchase for cars, trucks, and other vehicles. Its primary use is to provide protection against losses incurred as a result of traffic accidents. An insurance company may declare a vehicle totally destroyed (' totaled ' or ' write-off ') if it appears replacement would be cheaper than repair. Home insurance, also commonly called hazard insurance or homeowners insurance (often abbreviated in the real estate industry as HOI), is the type of property insurance that covers private homes. It is an insurance policy that combines various personal insurance protections, which can include losses occurring to one's home, itscontents, loss of its use (additional living expenses), or loss of other personal possessions of the homeowner, as well as liability insurance for accidents that may happen at the home.

C. Invest Yourself-Looking to invest your money properly is knowing how to protect you and your family. Use your knowledge and act now so that you can enjoy now and in the future. Find out what services are best for you. Take time to know what you can and are getting yourself into. Don't be afraid to ask questions no matter how stupid you think they may be and take time to get those questions you have answered.

Guide to Financial Success