What is this Money Peace Today blog about?
Money Peace Today is a blog about what is healthy financial decisions that I am learning about. I have learned from Mary Hunt, Dave Ramsey, The Richest Man in Babylon and others. I am on a quest to learn me and if you would like, follow me along.
The first plan is to do a plan for where all the money is to go, for each dollar have a plan. My plan is to give, save, pay past debts and to live comfortably on what is left.
So it looks like:
10% giving
10% saving
20% pay old debts
60% live on - living within means, not taking any new debt on
So far this is working well for me as I in the past was not a good saver. I have known of this plan for 25 years but have only been working it for 2 years and it is a breath of fresh air which is the Money Peace that I have yearned for.
I have a potential to gamble too, with stocks so now I am very conservative, checking stocks dividends and price history before I buy. This is for long term investments, retirement mostly. I want an income with the dividends that are buying more stocks now before retirement and the increase in the stock will be just for assets if needed. Doing it this way is the compound interest with the dividends buying more and more stocks.
For financial disorder help visit: Renee Madison, MA, LPC, CSAT is a counselor in Colorado. She can be reached for appointments at 303-257-7623 or 970-324-6928
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