Know the Rules, Play the Game to Win - Financial Literacy - How it Can Affect Your Financial Future

The first step is the preparation: I think every doctor in the operating room came to be prepared? Working on the basis of general statements about what they heard the news ... or what your neighbor said it was the newest and procedures for a triple bypass surgery? If so, this allows a doctor to perform surgery on you? If not, why you are allowed to work in his family's finances? If you do not know the rules, you can actually play the game ... and better yet, you can play to win? Why, then, were surprised when their family's finances are very similar to the person who was operated by the surgeon without experience? (Jacked up!) If you do not know what level of taxes that is, unless you know what they are paid before tax and net of tax unless you know you have to pay yourself 1 before the project Bill collection If you do not know what your monthly pass and a monthly income is ... may not have seen the playing field. If you do not know what a 401k is, or how much money you put into it, it's a Roth IRA or a traditional IRA, you may not be able to manage accounts effectively. If you do not know these things are probably not aware of what is happening and where money is going.My challenge to you is simple! Find out. Read these numbers and create a weekly plan to ensure that they are heading in the right direction. It might be useful to step back, look at the picture and see your finances as a blue print. If a step backwards, so a little preparation, you may be able to obtain information to plan ahead and know where you can get a good reliability information.The second step is to put an action plan: Can you been able to get to school and pass tests also do well in them, but you can not CRAM for your life. Moreover, one can not CRAM for financial success today or in the future. Imagine a farmer who started all year, but wait until fall to plant their crops, what you believe to be collected? All this may seem so bleak on the surface, but once you learn from this, should be the most rewarding, challenging and exciting news today, if you start planning now, time to learn and apply some self discipline, you can get anywhere you want to be. Financial Plan is expected to begin with the end in mind. I suggest you and your family to create a very lively as to where you want to be: 1) the immediate future, if the next 12-24 months. .. 2) "near future" for the next 5, 10 years, then 3) the distant future is for retirement and beyond. The play here is obtained from steps 1 and 2 to 3 without being trapped in the hiccups that life creates the road. There is no point resting on a shovel and prayers for a hole, measures to increase their financial literacy. His financial knowledge was your book! His knowledge of this will lead to great success it is. In other words, know the rules so you can play win.Some suggestions are: 1) Cancel 15-30 minutes per day to increase financial education. Increased financial literacy, it is understood how it might affect his future is now. To help understanding how to start planning now for their future tomorrow.2) If you read a book on financial literacy months, one year I read 12 books and 120 books in 10 years. Are you positioned to understand and be more informed about their finances than people in more industry.3) Take the time to update the results. Looking at things that are working for you and what is not. In this way, we remain well-versed in current opportunities for development and find out where in continuum.4) Tweak your methods and make sure the game is getting better in their areas of weakness. If you want to increase your success with your shot, shoot more of them ... If you want to increase their business, buying more of them. You have to continually develop their knowledge of finance, because nobody else will do it for you. The best plan for wealth management is a management plan itself.