Introduction

This is a book on personal finance. However, it’s not a ­financial-education book or a how-to manual for managing your finances. It is a personal development book to ignite your interest in personal finance, ­empower you to have a vision for your life, and encourage you to set the right goals to live a rich and purposeful life.

The most powerful reason to increase your financial understanding is to make better financial decisions. There are hundreds of great personal finance books that provide step-by-step instructions on how to budget, save money, pay off debt, and plan for retirement. Although I will be providing budgeting steps and answers to many personal ­finance questions that you might have, you may find that this book actually challenges your emotions more than your finances. And I do believe that if you continue reading, you will have a better understanding of yourself and will gain an increased awareness of what is most important to you.

I’ve spent a great deal of time traveling across the country and speaking with thousands of people from all walks of life who have all kinds of financial situations. I’m usually asked for specific advice that will improve a person’s finances or provide that one critical answer to address his or her current financial dilemma.

But here is a simple truth. Managing your finances responsibly can be summed up with the following advice: Save more than you spend, invest early and frequently, pay off debt and use credit sparingly, ...

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