15 Things You Must Know About Your Money

1. You think too much about your money. Stop doing that because your money doesn't think about you.
2. You are not your money and your money is not you but you best look after each other anyway. You might be together for a while.
3. You’ll never have more money to save and invest than you do right now, so find a way to save and invest more of what you've got.
4. You don’t have aIl-have-less-money issue. It’s a how-you-manage-your-money issue.
5. You’ll never be perfect with managing your money, so aim for getting better.
6. You’ll never live in the future or the past, so find a way to be happy with your money in the now.
7. Your financial life doesn't get better, you do. Life is life – it will happen to you. It’s your job to get better in the middle of it all.
8. Your ‘average’ financial position is not the problem. It’s the consequence.
9. Even though you might not feel it, think it, believe it or hear it, you are good enough with your money than most experts would have your believe.
10. Your happiness works from the inside-out. Money really can’t buy you more happiness.
11. Your money is your responsibility, not anyone else’s. So stop blaming others when things go wrong.
12. Master your fear of not having enough money in the future, and you’ll master your life.
13. Real success is not about what you earn, own, achieve or win but who you become along the way. So work towards ‘becoming’, not towards ‘having’.
14. If you’re in the luckiest 1 per cent of humanity that has money, you owe it to the rest of humanity to think about the other 99 per cent.
15. Money just brings out the basic traits in you. If you were a jerk before you had money, you are simply a jerk with a billion rupees.

Careers in Financial Planning and Wealth Management

Financial planners and wealth managers help individuals plan their financial futures.

How are you going to cover your retirement needs? What do you have to do today to put your children through college? This work can be personally and financially rewarding and requires excellent interpersonal skills. A good financial planner understands investments, taxes, estate planning issues and knows how to listen. This work can be done within a company such as IDS Financial Services or by yourself, as a sole proprietorship. Most planners go solo or work within smaller practices. It's essential then that you have a certain amount of entrepreneurship given that you will be running your own business.

The work pays well and is rewarding if you like to help people. Increasingly, it pays to obtain the CertifiedFinancial Planner (CFP) designation. An alternative designation popular outside of the United States is the Chartered Wealth Manager. The job outlook for this profession is considered to be good and it is expected that career opportunities and salaries will grow substantially in the next decade.

Be one of them and Join Financial Planning Academy !

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How to Save Money

Saving money is one of those tasks that are so much easier said than done. There's more to it than spending less money (although that part alone can be challenging). How much money will you save, where will you put it, and how can you make sure it stays there? Here's how to set realistic goals, keep your spending in check, and get the most for your money.

Kill your debt first - Simply calculating how much you spend each month on your debts will illustrate that eliminating debt is the fastest way to free up money. Once the money is freed from debt payment, it can easily be re-purposed to savings. Plus, the sooner you pay off debt, the less interest you'll pay, and that money can be saved instead.

Set savings goals- For short-term goals, this is easy. If you want to buy a video game, find out how much it costs; if you want to buy a house, determine how much of a down payment you’ll need. For long-term goals, such as retirement, you’ll need to do a lot more planning (figuring out how much money you’ll need to live comfortably for 20 or 30 years after you stop working), and you’ll also need to figure out how investments will help you achieve your goals.

Stop using credit cards - Pay for everything with cash or money orders. Don't even use checks. It's easier to overspend when you're pulling from a bank or credit account because you don't know exactly how much is in there. If you have cash, you can see your supply running low. You can even bundle up the predetermined amount of cash allocated for each expense with a label or keep separate jars for each expense (e.g. a bundle/jar for coffee, another for gas, another for miscellaneous). As you pull money from a jar for that particular expense, you'll see how much remains and you'll also be reminded of your limit.

Don't get discouraged and don't give up - You may not think you can become wealthy but to become a millionaire is possible if you set up a aggressive savings plan and stick to it. You may be surprised how much money you can put away for something far more enjoyable than what you could buy with short term savings. Good things often take time and the longer you save the more interest you will be making on your savings as well!