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Financial Success is as Easy as PMS

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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.

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.
The tithe was considered a non-negotiable, before these other principles are applied.

JG



posted by Joshua Griffin @ 1:59 PM |

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