Money is intrinsic to most of life’s essential needs. It is our universal exchange system; it measures the value of our goods and services and provides security and certainty for our future. However, despite this, most people still do not manage their finances very well, if at all.
So, what are the consequences of not managing money?
Here are just a few:
• A life fraught with money problems.
• Not having the financial freedom to do the things you really want to do.
• No security.
• Tied to an unpleasant or unsatisfying job, simply because it pays the bills.
• Envy of others who have more than you.
• A restricted lifestyle.
• Lack of choices.
• Reliance on social security after your working years are over.
• Inability to be proactive in your life.
The only way to overcome money problems is to start taking matters into your own hands. You must become proactive and take some immediate remedial action.
You cannot change your financial past but you can change your financial future. Constructive change will only result when you decide to take control of your circumstances. Here are some of the benefits of managing money:
• A strong inner feeling of safety and security, knowing that your future is provided for.
• A happy life, full of choices.
• Doing the work you want to do.
• A stress-free life. There’s nothing more stressful than having severe money problems. It stops you from performing well in other areas of your life.
• Financial independence gives you the freedom to make life choices. You deserve to live the life you want.
• A feeling of peace and security.
Empirical studies have show that that along with job satisfaction and fulfilling relationships, being financially secure is one of the major factors that delay ageing and prolong life.
In Ageless Body, Timeless Mind, Deepak Chopra lists the positive and negative psychosocial factors that gerontologists use to predict longevity. Financial burdens and being in debt are listed as “negative factors that accelerate ageing” and feeling financial secure and living within your means are listed under “positive factors that retard ageing”.
As research has proven, learn to manage your finances and you can look forward to a long, prosperous and rewarding life.
By: Ann Marosy
Archive for October 30th, 2009
If you’re looking for personal finance news, you need to check out CNN Money. This is one of the greatest sources for personal finance news that will provide you the latest news you need to understand from its web pages.
Once you keep your eyes wide open, you will realize that there are lots of online and offline personal finance news obtainable to you. Just try the CNN Money web pages if you want to find the valuable advantages offered there.
Get Something In Return
The significance of finance news that you need to understand is that you’ll be able to learn how to plan your personal finance appropriately. Besides, you’ll learn why financial planners actually charge people who avail of their service. Though, lots of news will try to make you understand that you should make certain that you will get something tangible in return for the money that you pay them even though there is no wrong with shelling out money to a financial advisor.
In the personal news, you will find that reader will be questioned on why they against to pay high fees to financial planners. Afterward, reader will learn the answer that there is actually nothing wrong in hiring a financial planner. This is completely wrong if people don’t recognize what they are paying for.
Accordingly, having whetted the reader’s interest regarding paying financial adviser’s their fees, this personal finance news article then goes on to inform readers what they should in fact be paying their financial planners. It’s thus good to learn that you pay the financial planner to make a good plan with which to manage risk. Additionally, this personal news will also provide you other useful information.
Lastly, one thing that can be concluded from personal finance news is that you must become conscious that whatever services are obtainable to you by the financial planner are based also on the planner needs and aren’t completely impartial.
By: Donald Glen