Just as you wouldn’t invest in a business then blindly allow someone else to control the money, it is unwise to invest in a relationship with fruits of your labor yet not have a hand in the investment process at home. When you think of investments, you may think stocks and bonds, but in truth, everything you spend money on is an investment. Buying groceries, paying doctor bills is an investment in your health. That big screen TV you’ve been wanting would be an investment in your entertainment. Getting up every day and going to work to earn a paycheck is an investment in your financial welfare.
Paying the electric bill is an investment in keeping the lights on. Instead of seeing things as expenses, consider them as investments. This is important as it programs your mind to see each expenditure as important and worthy of consideration. Just as there are good investments that benefit you in both the short and long term, there are poor investments that would rob you of your security.
DUI’s and a whole bunch of friends’ who spend a lot of their resources on that sort of thing as well. Spending money for unnecessary items just to satisfy your desire for something new falls into this category. So does paying with a credit card and racking up big bills if you can’t afford to pay them off in a timely fashion.Speaking stocks and bonds…and retirement accounts, anything considered an investment for the future, you need to know what the value is.
Responses to 'Financial Security for Women 101: Know Where You Are'