FINANCIAL TRUTH from Joe Sangl

Financial Truths

via JosephSangl.com by jsangl on 11/4/10

Here are some basic financial truths:

Income – Outgo = Exactly Zero
Consumer Debt is NEVER helpful long-term
Saving a little every month trumps trying to save a lot once in awhile
Automatic savings is far more consistent than relying on oneself to write a check every month
A spending plan prepared BEFORE the month begins allows one to accomplish far more than one without a plan
No one has ever cried that they had saved too much money, but many have cried over saving too little
Retiring entirely dependent upon Social Security is far worse than retiring independent of Social Security
Working together with your spouse on money will improve your marriage
Prayer really works!
Seeking wise counsel from those who have "been there – done that" always trumps "going it alone"
Mutual funds are not the only way to build financial wealth
Everyone CAN be debt-free – it is a choice

What are some other financial truths you would share?

(I am grateful to Joe Sangl for pouring life and help into my family. He is a gracious dude teaching people like you and me to win with our money as we honor God with what He has blessed us with.)

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