5 Steps To Winning at Personal Finance

Personal finance is more personal than finance, and we all keep score in our own different ways, but there are definitely winners and losers. How do you win when piecing together your personal finance puzzle?

When you put a 1000 piece puzzle together, do you throw away the picture on the front of the box?  Or do you use the big picture as a guide to where that tiny, little piece in your hand might go? We expect physicians to pick up pieces of the puzzle along the way.  Then, we expect them to figure it all out as they go without the big picture being in view.

Don’t Throw The Box Away

Before you can even have the opportunity to throw the puzzle box of life away, you need to paint that big picture first.  You need to know what you want in life, where you are going, and what that dream will look like.

Pay Yourself First

You may put puzzles together differently, but the point is that there is a process. And being successful at personal finance is the same.

Spend Lavishly on What You Love

In continuing our puzzle analogy, once you put the edges and corners down on your personal finance puzzle by paying yourself first, you get to fill the middle in with all of those colorful pieces.  If all of your big picture financial plans are in place, then you now get to place those puzzle pieces in whatever fashion your heart desires.

Automate Wealth Building Habits

What I mean is that money should come automatically out of your bank account every single month towards your big picture financial goals.  It should be an automatic process, just like how you finish puzzles the same way each time by starting with the edges and corners.

What if my budget gets off track?

What I mean is that money should come automatically out of your bank account every single month towards your big picture financial goals.  It should be an automatic process, just like how you finish puzzles the same way each time by starting with the edges and corners.

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