Financial Success is as Easy as PMS
Wednesday, May 30, 2007
SimplyJosh.com has now moved to DownloadYouthMinistry.com - follow this link to visit the new site with new posts everyday!
At the intern meeting this morning, we had some financial gurus stop in and teach us some financial management practices. Here's the 3-part principles they taught - nice practical stuff for those starting out:
P - Protect: make sure you have adequate insurance for your stage of life. The more debt or children, the more you need.The tithe was considered a non-negotiable, before these other principles are applied.
M - Manage Debt: eliminate debt as quickly as possible. Start with the small amounts to large bills and eliminate smaller debts to combine payments on the bigger ones.
S - Save: 10% of your income needs to be saved. A small amount for emergency, some for large item purchases and the balance for retirement.
JG
posted by Unknown @ 1:59 PM |
SimplyJosh.com has now moved to MoreThanDodgeball.com - follow this link to visit the new site with new posts everyday!
