Good financial decisions are important for anyone, but it’s tough when you aren’t sure what those decisions should be. Truthfully, most Americans don’t know and haven’t received much guidance from their parents. If you are reading this, chances are you were looking for information on making good decisions regarding your money and how to manage it. You probably searched online for many hours learning as much as you can.
You may have read countless books on the subject, or you may have been one of the lucky ones that were taught by their parents at a young age on how to handle money and what resources to look for. You are smart to ask those you respect and trust about finances, and of course, it’s helpful that you study on your own looking for answers.
I can assure you that in the coming years, making good financial decisions will be even more important than ever, and I am going to share with you what some of those decisions are and how you can learn more about how to prepare for the future!
Why Good Financial Decisions Are Often Tough to Make
Did you get good financial teaching from your parents as a child? If so, you are a step ahead of the other folks in your age group. You should be eternally grateful for parents that cared enough to teach you more about making sound financial decisions and why they are so important for the life ahead of you. No matter how young or old you are, it’s NEVER a bad idea to study how to become more financially sound and how to implement what you learn.
Here are some tips for you to help you prepare even in a tough economy!
- Pay off as much debt as possible! If you receive bonuses at work, you’ll be able to do this as long as you manage your money wisely. Don’t go nuts and go shopping! Make a list of your balances and monthly payments, so that you can get financially free as soon as possible.
- Make sure you have at least $500 set aside for an emergency fund. If you broke down or had a car accident and you have the $500 deductible for repairs, would you be able to do that today? If not, it’s time for you to start changing the way you manage your money. You MUST start with at least $500, but keep in mind that $1000 would be better!
- Once you have paid your debts off or at least paid those down significantly, make sure that you start trading in your paper money for gold! If the dollar collapses, gold is all you will have to buy what you need.
If you were wondering why gold is so important, now you know. It’s not about jewelry as most of it isn’t 100% pure gold. However, you need to know how currency and coinage works, and WHY it’s important for you to buy gold bullion for your future.
If you would like to learn more about making good financial decisions, and how gold will play a part in this, simply go HERE now to learn more and connect with me personally!