We can let wealth define our character, or we can have our character define our wealth.
The 4 key money characteristics are prudence, responsibility, humility, and gratefulness.
You can match these characteristics up with the way you deal with your wealth, and how your wealth deals with the outside world.
Millennials are saving at the highest rate of any generation currently alive, but they aren’t saving for a typical retirement.
Two thirds of Americans don’t have enough money in savings to be able to take care of an emergency.
Millennials care about financial freedom and life experiences, and are saving money to do things as they go through life knowing they will work in to their later years.
Do a quick, three minute look at your finances every Friday to ensure there are no irregularities and to keep your budget on track.
One Friday every month, look at your assets and liabilities to ensure you are on track for any financial goals you might have.
Once a year, do long-term planning to ensure you can save up the money you want, save for big expenses or things like vacations and other things you might want to do.
Putting $10,000 away a year for even just 10 years can make a huge difference.
If you put the money away in a 401(k)-type account where there are tax deductible and tax deferrable benefits, you will end up with much more money years down the road than you would just saving it on your own.