Wednesday, September 1, 2010

What I learned in school today...

I am taking a family finance class and my teacher gave us a list of advice he had for us. Normally I wouldn't bore you with stuff I learn in school but I found this to be really useful and figured it was worth sharing!

Financial/Life Tips....from Dr. Israelsen
1. Think production rather than consumption.
2. Treat saving/investing as a bill, rather than luxury.
3. Automate your investmets (that way, it happens for sure).
4. Find production-mode hobbies (piano, woodworking, biking, quilting, etc.).
5. Pick a month to spend as little as possible.
6. Put a budget on the fridge. Who really cares if other people see it? Perhaps it might motivate them to do the same.
7. Save loose change for fun activities/trips.
8. Start small. Build investing momentum through persistence.