Money Management

In high school, most of us are taught how to read, write, and do some math. But money management is never taught.

Though money management is one of the most important things to learn, not only is it not taught in high school, it is also not taught in colleges unless you are a business major.

This explains why millions of people are in debt, leading to divorce, depression, and crime.

Don't be one of these people. The rules of money management are easy.

Rule #1 - Don't spend money that you don't have. In fact, you should spend as little money as possible, and save as much as possible.

Rule #2 - Invest your money in stocks, real estate, or a business. This may seem unrealistic to you, especially if you are not making a lot of money. But if you read up on these things and get knowledgeable, you'll see that it is easier than you think.

Rule #3 - Only take out a loan if it is necessary (e.g., loans for college). And if you do take out a loan, make sure that you shop around and get the lowest interest rate possible.

There you have it. The three rules of money management. Now get out there and get rich!