The Trick To Money Is Having Some
By Eolake Stobblehouse
(Apologies to Stuart Wilde for ripping off the title of his wonderful book.)
You know, it makes sense that if you should take advice about money from somebody, you should take it from somebody who: a) is doing well, and b) is not gaining anything from giving you advice. For instance me. Not a bank "advisor" (read salesman) who is on office wages and is not allowed to recommend anything but the bank's own services, no matter how overpriced. (Ever wonder why banks own the best buildings on any street? Always the corner.)
So if you agree, listen up. I have spent some time in the past couple of years reading up on various aspects of money, and I feel a lot better about it. And in the end I have discovered that 1: the basics are really simple, and 2: most people don't know them. (I am indignant that school taught me differential math, but not how to wash a shirt, how to get along with people, or how to manage money...)
Don't take my word for it, there is a recommended book list below. But here are some of the basics as I see them right now:
1: Live below your means.
2: Save 10% of your income.
3: Don't use money on anything you don't really need, or which does not give big returns either financially or spiritually.
4: Earn your money on something you love.
5: Prioritize your time.
6: The money you don't need right now, put in the best savings account you can find.
7: The money you won't need for many years, put in Index Funds.
8: Occasionally, give something back to the world.
9: Occasionally, invest in something fun.