Rules are helpful - they are guidelines that help you determine the best course of action.
It feels like there are a lot of money rules. Or, more importantly, when it comes to money there seems to be a lot of ways to mess up.
I have seen three major rules to help as guides with your finances. They can be summarized as follows:
"Spend less than you earn and get your money in the right place doing the right job"
Each one of us has goals but you working towards them can feel impossible if you are spending more than you earn. Then you need to get your money in the right place. This refers to the type of account such as a savings/checking account, IRA, 401(k), etc. Lastly, you need to have your money doing the right jobs. This refers to the investment types such as cash, stocks, or bonds.
There are a lot of ways to do this but if you keep these simple rules in mind things may start to get easier. Pay attention, more details about each of these are coming.
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