Link Here For Part 2: Budgets – Why? And How
Link Here For Part 3: Personal Financial Planning – You Are Here Now
Why Do You Need A Personal Financial Plan?
Ask yourself this question: Do you want to achieve things in your life, whether it be for yourself or for your family? Would you like to be able to retire with enough money to enjoy your retirement? Would you like to take a year off and travel the world? Would you like to own a home? Would you like to be able to own a new car every few years? Would you like to go back to school or send your kids to college? Do you have a bucket list of things that you would like to be able to do one day? If you said yes to any of these things then you need to plan for them. And since most, if not all things in life require money in order to be able to do them, then guess what? Whether you like it or not, you need money and therefore, you need a financial plan.
Even if you do not have any specific goals at this time, having a financial plan in place will make it much easier for you to achieve goals when you do have some. With or without having any specific goals at this time, one thing a financial plan offers you is the chance to live your life without being overly stressed or anxious about money or your financial situation. These days, having some aspect of your life with minimal stress attached to it is worth every effort possible to lower any stress that could come with it.
A financial plan is just the guide of what you ought to be doing with your money so that you will be able to afford the things that you want to do in your life. As has been stated in Part 1 of this series, if money is the tool, so then a financial plan is your instruction manual on how you should be using the tool that is your money. You can also consider a financial plan like this: Like any worthwhile destination in life, you need to know how your are going to get there. Your financial plan maps out the route that you will take to get to your particular financial destination.
Take note that it is written as your financial plan and your financial destination. They are your plans and they are your goals. There are many ways to get to the same place, but you can choose how you will get there and which route you will take. No one should force you into going one way over another if you are not comfortable with it. The are choices that you can make that make a financial plan your financial plan. A financial plan can be tailored to your situation and there becomes a Personal Financial Plan – PFP.
A PFP allows you to get you finances under control so that you can live a better life and finally see the future in a decent light. Too many people live their lives in a defensive posture and only react to the things that happen in their lives. Sadly, very few of us are proactive and take the initiative in our lives, especially when it comes to money. Reacting to the things that happen to you only means that things will keep happening to you. If this is how you live your life then the simple truth is that you will never make yourself a success by only reacting to what goes on around you. As in all things in life, success with your money demands that you take proactive action..
By being proactive, you will be able to see obstacles in your way before they become obstacles. When the obstacles are unavoidable you can nip the bad things that come along in the bud before they become really bad things. Being proactive by setting up a budget that you can live with and working on getting yourself out of debt can help decrease the level of stress that everyday life brings with it and it just may help you lower your blood pressure as well.
If we have learned anything from the way the economy has nose dived, it’s the fact that we have to learn to stop living beyond our means and that we should all have some money put away in savings for the “rainy day” that always does show up at some point. Now, more than ever, people are realizing that taking charge of their personal finance issues must be done.
Many people were caught flat footed when the bottom fell out. They lost their jobs and didn’t have any type of backup plan. Without a reserve and with so much debt many people lost everything they had. Not much of a reward for years of hard work, is it? But whether we want to admit it or not, we ourselves are responsible to a large degree.
A lot of us have turned away from the ideas of our parents and grand-parents and their reluctance to have any debt at all. They felt that if they couldn’t pay cash for something, they simply couldn’t afford it and they just didn’t get it until they could pay for it with cash. Today it is way to easy to just whip out a credit card and buy, buy, buy. With our love for credit many of us have thrown our common sense and our hard earned money right out the window.
But it is not too late to make changes when it comes to your personal finance. You can start today to take control and hopefully be better prepared the next time the economy decides to head south.
Getting Your Financial Self Together.
Your PFP is tied to the budget that you created in Part 2. Your budget is one part of the Where Am I Right Now?, monetarily speaking, aspect of financial planning and the PFP is the part that helps you figure out where you want to be going. There is one other part of the Where Am I Right Now aspect of your financial plan and that is a statement of net-worth.
A statement of net-worth is where you have a list of all of your assets and their monetary value and the monetary value of all of your liabilities or debts – the money that you owe for loans or credit cards Your net-worth is the amount of money that is left after you subtract your financial liabilities from your assets. Ideally, of course, we want our assets to be worth more than our debts so that our net-worth is a positive amount. Do not stress too much if your net-worth is in the minus. You are definitely not alone in this situation. Perhaps just by completing your budget and now by completing your statement of net-worth, you will find that you do have a financial goal, after-all? Your goal may simply be to get yourself out of debt. It is a good and worthy goal. Any debt that you have costs you money and is usually not cheap.
Setting up your Statement of Net-worth will be a little easier to do than setting up your budget. Although it may be a little harder on the ego depending on your current situation.
To find out your Net-Worth,
1) Compile the list of all of your assets with their current worth (cash, savings, house, car, etc). By the way, now is a perfectly good time to dig up all of those statements that you have been storing if you have multiple savings and retirement accounts and get the current amounts for each of them.
2) Then list all of your debts (include any credit cards, school loans, any other loans and your mortgage, etc). Then just subtract your debts from your assets and there you have your net worth.
Again, if your result is in the minus do not overly stress about this. You should be concerned, for sure, but use this knowledge as motivation for continuing to set up your PFP and make one of your goals to lower your debts (liabilities) and increase your assets (savings, home ownership).
The Financial Planning Pyramid
If you search the internet for ideas on financial planning, no doubt, sooner or later you will come across images of the financial planning pyramid. The pyramid is usually divided up into four or five levels. The bottom of the pyramid, much like the foundation of any building is the foundation of your financial plan. You cannot build any building on a shaky foundation and expect it to last. The same is true for a financial plan. Without a solid foundation to your financial plan, anything done above the foundation will crumble resulting in lost money when something happens that shakes or attacks your PFP.
The Levels Of The Financial Planning Pyramid
Starting from the bottom of the pyramid and working upward
Level One: Protection
At this level your financial planning would have you set up or create the financial vehicles that stabilize and protect your current financial status as well as protecting your future potential earnings.
In this level you should have set up things like your medical insurance, critical illness insurance, accidental death and disability insurance, life insurance and you should have a plan in place for debt reduction. Your will and living will is also a part of this level and are grouped into estate planning, which also comes up again later at the top of the pyramid
You will notice that insurance plays a large role in this level. Let’s talk about life insurance for a moment. many people have a misconceptions about life insurance. One thing life insurance or any other personal insurance is not, is a lottery that your beneficiaries win when you die or otherwise become incapacitated.
Insurance has two basic functions:
1) To pay your debts and other costs.
2) To replace lost income
How much and of what types you really need depends on your situation. Offering advise about this is beyond the scope of this article. Suffice it to say, you should have enough to cover your funeral expenses and any debts that you have, like a mortgage, or any other loans as well as providing enough money to be able to replace what would be your lost income to the age of your retirement. The need to replace your lost income is especially important if you have dependents like a partner or children that count on your for financial support.
Level Two: Savings
At this level you should have an emergency fund, and savings for some of life’s big milestones. Retirement savings is important, of course. Education savings for your kids, saving for a home and any other life goals that you may wish to achieve are handled here.
About The Emergency Fund. You should have 3 to 6 months of your annual salary saved in a a bank account for emergency situations – like losing your job, or your yourself deciding that you need to make a change. But remember, whatever amount of money that you take out from your emergency fund to use, you will have to replenish eventually. These days, an even better goal to reach for as your emergency fund is to have one year worth of your salary set aside.
Level Three: Growth and Diversification (Risky – Not Guaranteed Investments)
Once the other two levels are soundly in place or at least well on their way you can start looking for ways to take some of your money and invest it.
Very simply, there are only two ways to make money:
1) You work for your money and,
2) Your money works for you.
Investments like stocks, bonds and the many different types of fund vehicles are ways to have your money work for you. In case you weren’t sure, money in a bank savings account is not having your money working for you and this is why you would even consider these types of investments even through they are not guaranteed. But consider this, The average stock market return has been about 10% per year for almost the last 100 years. And if you are reinvesting your returns from your funds even in market down-turns you have the benefit of Dollar-Cost Averaging. More on DCA further on in this article
One other thing to consider for these types if investments is that they should be made with the long-term in mind. The money in these investments should be held for terms of at least five years and for even longer. At level two, depending on your age right now, it maybe a good idea to consider investments funds for your retirement savings..
Level Four: Speculative (High Risk) Investments
At this level the investments become much more risky. The possibility to lose your all or some of your money must be taken into consideration. Investments here include things like futures, real estate, commodities, forex and even Bit-Coin. The chance to earn from big gains in the value of the investment are there, but so are the chances to lose.
Level Five: Wealth Distribution
Here your set up your financial plan for how you would like to have your estate divided. It’s not just about the will that you made in Level One. It is more about setting up trust funds and annuities to pay monthly incomes to your family if you were to prematurely die or setting up the investment to continue saving for your child’s education. Your will plays an important part but at this level, the plans need to be made to make sure that the intent that you had with your PFP continues to be met, even if you are no longer here to see that they do.
What To Do?
BAM! can not tell you specifically what type of investments to make. From the list and the descriptions provided for the levels of the financial planing pyramid you should at least, get the idea of where you may currently be and what you ought to be doing right now to get your financial plan in order. In the meantime, there are a few general suggestions that we can make for you.
Basic personal finance management doesn’t require advanced expertise. A bit of common sense combined with some proven techniques will let you save money while building wealth.
BAM! Recommendations For Your Financial Plan.
1) Get your Emergency Fund Set Up And Topped Up.
Every one of us should have at least three months worth of our salary saved in cash ready. liquid savings. Having 6 months or even a years worth of savings would be much better, still. Whatever amount you decide to have at the ready, this money should probably be in savings account with your bank.
Since the purpose if the EF is to be able to get to the money quickly and easily, in an emergency and since you never really know when an emergency can come up, access to the funds should also be without any penalties or fees. This is why we want to have at least a portion of the money in a regular savings account. If you have an amount that would cover you for a few months, at least, then you can consider to keep one or two months in the savings account and lock up the rest in something like short-term 30, 60 or 90 day CDs (Certificates of Deposit). This way, at least some portion of your emergency fund is earning some interest.
In an emergency you would use up the savings and then as the CD would mature, instead of renewing the CD, you can have the money transferred into you regular savings account for you to be able to use. The advantage of managing your emergency fund like this are you earn a bit of interest on your money and you get access to your funds when you would need the money without paying a penalty fee.
Do not ever touch this money in your emergency fund until you really need it. Use it for whatever emergency situation comes up but always, always, always replenish what was used.
Having money set aside in an emergency fund should be one of the first things that you do along with or after you have your insurance needs taken care of.
No matter where you are in your financial life you should still remember to put some money away in savings. Savings should start with your emergency fund and it should equal at least 3 months of your income. This way if something happens to you or your partner and you can not continue to work then at least you have some to fall back on. Three months is the minimum recommended amount.
2) Debt Reduction
Being in debt, and especially being in credit card debt hurts your financial well being. The interest rates charged on the amount of money you owe is usually higher than any returns that you may get on your investments. Interest payments on your debts put you further and further into a negative position. We are not saying to not ever go into debt or take loans if needed, but loans should be used for buying assets that will earn you money and not for buying anything else.
Sure, most people will need a mortgage to buy a home or take a loan to buy a car, but any loans that you do take should be as low as possible and paid off as quickly as possible. As well, you can use your credit card, but they must be used wisely. Using credit cards does have some benefits like tracking and purchase protection. If you are using credit cards, then, if at all possible, aim to pay them in full every month. Use credit cards instead of carrying and using cash but do not use credit cards to spend amounts over your set budget limits.
Get rid of the debt. Once you’ve got your budget set up take a little extra every month and put it towards paying off your debts. Start with your smallest debt first and apply a little extra every month to paying that particular debt. When that debt is paid off you can take the amount of money that you were paying on the, now, finished debt, and apply it to your next smallest debt. Keep repeating this cycle until all of your debt is paid off. Once you are debt free, be sure to stay that way.
To avoid going into further debt, you should keep your credit card balance as low as possible. You might be tempted to accept a new loan offer or a new card card offer that you may qualify for, but you should borrow only as much money as you actually need. If and only if debt is needed, make the time to determine the exact amount that you need before you accept a loan offer.
If you have multiple credit cards, get rid of all but one. The more cards you have, the harder it is to stay on top of paying them back. Also, the more credit cards you have, the easier it is to spend more than you’re earning, getting yourself stuck into an even deeper hole of debt.
If you do have multiple credit cards you need to review the terms for them carefully. See if it makes sense to consolidate the balances from the other higher interest rate cards onto the one that has the lowest and once you have done that cut up the cards that you had moved the balance from.
If you cannot move funds from cards to one card, another approach is to continue to pay the minimum payments on all but one of the cards and put most of the money toward paying down the card with smallest bill or highest interest rate. Doing it this way, you can pay one off and then put that payment toward the next smallest bill or with the next highest interest rate.
One other option to consider would be get a debt consolidation loan. Keep in mind that no financial organization offers debt consolidation loans out of the goodness of their hearts. The make money from you. Two advantages with debt consolidation loans are: 1) You have one monthly bill to pay and 2) The interest rate on the loan should be lower than the interest rates on your other debts, especially your credit card debt.
If you do go with the debt consolidation route, be sure to avoid getting into any more debt. You really need to manage your money since if you do not, you get into more debt, then the purpose of a debt consolidation loan is defeated and any benefits are lost.
It may be a long road to get out of debt but once you do, the feeling and sense of freedom will be well worth it.
Whatever method you decide to use, minimize or get yourself completely out of debt.
3) Long-Term Investing For Wealth Building
For most of us, probably the best way to start building your wealth is with regular monthly investments. Most of us do not have a chunk of change to invest all at once in a lump sum. Making monthly investments does have some advantages.
With monthly investing you can start small. If you wanted to invest in the stock market due to the prices of stocks and therefore the minimum amount that you would need to invest to start, for most of us, there is a barrier to entry. Sure, investing in the stock market sounds sexy but like most sexy things in life, they can be out of reach for most of us. Choosing an investment vehicle that allows you to get in without the need to have a large amount to start with is a great way to have access to the benefits of wealth accumulation through regular investing.
Investment funds are one type of investment that you should consider for your long-term investing strategy. Other than the ability to start with a smaller amount, there are other advantages to investment funds.
The Two Most Obvious Benefits Of Investment Funds And Investing On A Monthly Basis Are:
A) Diversification
B) Dollar-Cost Averaging (DCA)
A) Diversification
An investment fund has a pool of money from all of the people that have invested in that fund. The pooled money can then be invested in many different companies stocks thereby spreading the risk of the investment across all of the different companies. If one of the companies stock that the fund is invested in performs poorly, the overall affect on the whole fund is minimized. Compare this with investing all of your money in one company stock – if that company performs poorly, all of your investment is directly and immediately affected.
This brings up another advantage of investment funds. Investment funds are managed by professionals that should have a good idea of what they are doing. Investment fund managers worry about which companies to invest in and when to buy or sell the stocks that they have chosen to invest in. Contrast this with you, the single investor, where all of they actions taken on your funds must be made by you. This takes a lot of time and research. And if you make a mistake your entire investment can be greatly affected.
Investment funds allow you to concentrate on other things in your life. Having said this, you should still manage your investment fund investment. It behooves you to stay on top of the funds that you have chosen to invest in. You need to know where your money is and how it performing. But this can be done on a monthly or quarterly basis instead of a daily or even hourly basis. Regularly review your investments and the current market trends. This way if you do need to make a change, you will be informed and ready to make any changes to meet the current market situation, or to better match what your investment need are.
B) Dollar-Cost Averaging (DCA) Investment Strategy.
Dollar-cost averaging as an investment strategy can be one of the best benefits of regular periodic investing and investment funds are the vehicle that should allow this strategy to really work.
How does DCA work? If you are already investing a monthly amount you are already reaping the benefits! Dollar Cost Averaging starts with you investing the same amount of money in a stock or mutual fund at regular intervals – As we have suggested, monthly. You just keep sending the same amount to your chosen investment every month, month after month. For most of the time you will ignore any price fluctuations of the investment. If the price goes up or down, you just keep putting the same amount of money into it.
So what happens? Simple. if the price goes down, your monthly investment is buying more shares. Granted, when the price goes up, your investment buys less, but since the market is fluctuating all of the time, with higher number of shares that you bought at the lower price, you will then have more shares when the market is up at the higher price.
As a simple example, if you invested 500 dollars one month and the price of the shares was 50 dollars each, you purchased 10 shares.
Then if the price per share drops the following month to 40 dollars your investment for that month buys you 12.5 shares. For the third month, assume that the share price rebounded back to 50 dollars per share, Your total amount of shares is 32.5 shares at 50 dollars each: 50 x 32.5 = 1625 dollars.
If the price has remained constant at 50 you would have 30 shares for 1500 dollars of value for your investment.
If the price of the shares continues to climb in the fourth month, your monthly investment does buy less of the shares that month, but you already have more shares that you own from the month when the price dropped which are now worth the higher price per share.
It is true that over time, the stock market has increased. But, it is also very true that the market does fluctuate. With dollar cost averaging you do not need to worry as much when the market does drop since you are buying more shares at the lower price. Then, when the market does rebound your investment should be in a better off position as you would have more shares at the rebounded price. With dollar cost averaging and with taking your investment horizon into consideration, the market fluctuations can actually work to your advantage.
You do not need to worry so much about timing the market. Whatever the market does, you just keep plugging along with your monthly investment and over time the average cost per share you spend will probably compare well with the price you would have paid for the shares if you had tried to time it yourself.
Another thing to consider is that investment funds offer growth from capital gains or dividends. If you are in the growth stage of your financial plan (there are other stages, like maintaining your asset base, or asset distribution) then you should be reinvesting any capital gains or dividends back into your fund. This option can usually be set automatically when you first start your fund. By doing this the proceeds from the funds are going back into the fund and purchasing more shares for you so that at the end of your growth stage you have more shares than if your took the proceeds out of the investment fund. In a way reinvesting is like compound interest, which basically means that over time, you earn interest on your interest.
The main idea here is that even for an investor with a relatively small amount to invest every month, there are options and benefits that you can and should take advantage of. Of course whatever you choose to do, do your research and understand what you are getting into. Some obvious criteria to consider before you jump on the investment funds bandwagon is that investment funds are usually not guaranteed. There is still risk involved with investment funds and that previous performance is no guarantee for or of future performance.
Also the fees need to be considered as well as the timing of where you are in your financial plan, just to name a few. Again, do your homework and as best as you can know what your getting into. Investment funds can be great vehicle for accumulating wealth, but you must be informed to be able to achieve the results that you are looking for.
One last point to make in this section is that for your financial retirement planning, you should be doing all that you can to maximize your investments to any plan that offers tax benefits for investing. For some of these savings plans the amount of money that you invest in a given year can be deducted from your taxable income, thereby lowering your income tax burden for that year. This means that you may pay or owe less of your money to the government in taxes for that year.
Another benefit of some tax deferred retirement plans is that the growth or gains accumulate year after year tax free. This means that you do not need to pay taxes on the earning of the savings plan in that year. How it usually works is that when you cash out your money from the plan, the money that you take out is added to your income of the year and for the amount that you accessed the money.
There can be penalties for early withdrawals of funds from a retirement savings plan, so as with all things, research them well and know what your are getting into. But for most of us, the benefits of maximizing your tax benefit, retirement savings is a great way to save some money, now, by having to pay less in taxes, and to be able to accumulate wealth for the long-term.
In the United States you have IRA’s and 401K’s as possible plans to consider. In Canada you have RRSPs and the UK offers ISA’s. Wherever you live find out what plans exist in your country. Depending on your situation and the complexity of your situation, it may be a good idea for you to consult with a financial planner.
The company that you work for may also offer plans for saving and with that, financial advise may be obtainable from the professional that services your company. Figure it out and take care of your financial plan whatever it may be and where ever you are in your financial journey.
General Guidelines For Your Money Management.
Now that you have your budget in place and have an idea of your net-worth and what plans you need to implement for your financial well-being, you may be wondering what proportions of your income and money should go to each part of your plan.
One way to simplify your budget and financial planning is to use the 60-40 rule of of thumb.
With the 60-40 method you should be using 60 percent of your gross income for the necessities in your life and the remaining 40 percent for everything else.
Let’s Break Down The 60-40 Method Of A Financial Plan.
1) Necessities or Essentials To Survive: 60 Percent Of Your Monthly Income
Allow 60% of your monthly income go directly to your expenses. These expenses should cover the payments that you need to make for the basic things that you need in order to survive. These expenses can include housing costs – rent or mortgage and the utility bills, vehicle or transportation expenses, food (not dining out food!) and other fixed expenses that you may have every month.
Some will say that your cell phone and internet bills should be included here in this category since these days it is almost impossible to live with out them. But if you do include them here make sure that you are only allocating the amount for the level of the basic services. If your phone plan includes the cost of an expensive smart-phone, that part of the bill should not be added here. An expensive smart-phone should be categorized as a luxury and therefore should be added in the non-essential category.
The Non-Essentials: 40 Percent Of Your Monthly Income
The 40 percent covers things like having some fun, yes you are allowed to have fun even while you are living from your budget, your investments and savings and paying down your debts.
We can further break the 40 percent category into 4 groupings of 10 percent each, as follows.
2) Short Term Savings: 10 Percent Of Your Monthly Income
You can start setting aside the funds for your emergency fund with this 10 percent. Other expenses that can be allocated here can be used to pay for holidays, repairs, new appliances, gifts and other irregular but somewhat predictable expenses. The primary purpose of this category is to build up and maintain your emergency fund. If you take money out of it, you must put it back
3) Long Term Savings: 10 Percent Of Your Monthly Income
Long term purposes may include saving for a new car, saving the down-payment for a new home, or getting a higher education for you or your children. The money here should not be touched except for when the set goal has been achieved.
4) Retirement Savings: 10 Percent Of Your Monthly Income
As we have discussed, you need to save for your retirement. 10 percent is the target but also consider what was said about maximizing your investment in plans that also allow for tax benefits. With that in mind, this allocation can be higher than just the 10 percent. Again, ideally, the money here should only be accessed once the goal is reached – when you retire.
5) Fun Money/“Disposable Income” – Use At Will And At Your Own Discretion!: 10 Percent Of Your Monthly Income.
As it says in the description, you can spend this money however you like! Provided of course, that you are saving properly in all of the other categories.
Note that the “Fun Money” category is just as important as any of the others since with still having some fun, you should be able to keep yourself motivated to stay on track with your budget and financial plan. One of the main reasons people avoid using a budget is because they think that the B-word of budgeting means eliminating fun and entertainment from their life. This is not the case. Living your life from your budget, you are allowed to have some fun and it is encouraged!
However! Remember, that expensive smart phone you have? It may be a good idea to add that portion of your cell-phone bill in this category. Yes, you have 10 percent to spend as you wish, but keep in mind that you need to limit yourself to the allocation. You will not be able to choose to do or buy all things every month,
Also remember that any monthly expenses that you may have that are not for business use should come out of this category. So for the things like the a gym membership or even your Photoshop monthly service or your Netflix account ought to be allocated to this category of your budget.
It is your money so make good choices!
What If You Are In Debt (Other Than The Usual Mortgage Or Car Loan)?
These other debts can include but are not limited to payday loans, debt consolidation loans or credit card debt.
If with your current situation you have an amount of non-mortgage debt, then the 20% that is suggested to be allocated for retirement and any other long-term saving could first be allocated towards paying off these debts. Once the debts are paid off, that 20% that you took from your long term savings and retirement savings should go back to being used for their original purpose as soon as possible.
What Should I Do With My Tax Refund?
If you are able to invest in tax deferred savings plans, then another way to be able to reduce your debt load would be to use any tax refunds that you may get towards paying down your debts and NOT for you to use that money used for frivolous things. Keep in mind that tax refunds are not free money or bonuses from the government.
A tax refund is the government paying you back YOUR OWN MONEY that you have already over-paid to them. A tax refund is not a gift!
Tax refunds should not ever be used in your “Fun Money” category.
Conclusion
As we have covered in Part 2 of this series, every budget must start by taking the same steps: Figure out how much you make and how much you spend each month. Then, with knowing where your money goes, you should clearly see in black and white which of your expenses that you need to cut back your spending on, the debts that need to be paid off as soon as possible, and then how much you should be contributing to your savings and investments.
If you have not already been shocked by your spending habits yet, you may be surprised to find out that the “little luxuries” that you are spending on every month, really do add up. Knowing this is a good thing as it should be the eye-opener that you need to be motivated to get your sh*t together!
Understanding what money is and getting over any money hangups that you may have is the first step to obtaining financial peace of mind.
Setting and using a budget is the next crucial step to financial soundness and well being.
And then, with having your Personal Financial Plan in place, knowing where you want to get to, and what your goals are going forward, is the step that wraps it all together and gets you on your financial way.
The Four Main Take Things To Away From The BAM! Money, Budget and Personal Financial Planning Series:
- Know that you are okay with money.
- Know where you are right now with your money.
- Know where you want to go with your money.
- Make and work your plan to make it happen.
As in everything in life, the choice is yours to make. Choose wisely.
BAM! Be A Man. Do The Right Thing. Take Care Of Yourself And Your Money
BAM! Be A Man. Do The Right Thing.
Be The DtRTy Guy!