Posted by Maneesh Sethi :: May 20, 2009 @ 6:57 amIf you follow Lending Club, you probably pay attention to money and the markets. You probably have a better idea than the average consumer about how investments, interest rates, and the markets work. Still, though, the question remains: How do you use this knowledge? Have you built a personal finance plan? How have you used your knowledge of personal finance to really enhance your life?
I’ve noticed that many of my friends feel that passively reading about personal finance is enough. For years, I read financial blogs and articles without ever actually making the effort to design and implement a financial plan. However, it just took a single day to build it---I sat down, focused on what I wanted to accomplish, and built a plan that allowed me to achieve my goals without too many sacrifices. Thanks to this financial planning, I was able to achieve my goal of living in South America without incurring any debt.
Read Mike Smith’s recent article about three-year plans and make the decision. Today is the first day of the rest of your life. Sit down, make a list of financial goals, and figure out a way to get there. I guarantee you won’t regret it.
Have you already built a financial plan? Tell us about your financial goals in the comments. Are you on track to achieve them?
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