You Can Become Wealthy Washington

An important part of becoming wealthy is money management. Without good money management it doesn't matter how much money you make, you won’t keep it. There are as many money management strategies as there are investment opportunities.

Local Companies

Hoffman & Company, CPA, LLC
509-773-5793
1530 S Roosevelt
Goldendale, WA
H & R Block
509-773-3165
777 E. Broadway
Goldendale, WA
Hoffman & Company, CPA, LLC
509-773-5793
1530 S Roosevelt
Goldendale, WA
J & M Complete Tax and Notary Service
509-773-5557
PO Box 1466
Goldendale, WA
Jackson Hewitt Tax Service
509-773-3165
706 S. columbus Ave
Goldendale, WA
Ron's Business Service
508-773-5726
122 W. Main
Goldendale, WA
LeMaster & Daniels PLLC
(509)-882-1511
204 W. 2nd
Grandview, WA
Whalen's Accounting Service
(509)-882-4082
104 Ash St.
Grandview, WA
H & R Block
(509)-882-8080
131 Division St
Grandview, WA
Valley Escrow Co
(425) 432-0162
22142 Se 237th St Ste 8
Maple Valley, WA

The first step in money management and thus wealth is debt elimination. You will never become wealthy if your credit cards are “maxed” out every month. You need to show some constraint in your expenses, which we’ll get into below. If your cards are already showing hefty balances, your first action is to get yourself a lower interest rate, either through negotiating with your current credit card company or by switching companies. You would be surprised what you can get, if you just ask. Secondly, you need to make an effort to pay a set amount over and above your minimum payment, even if it is just $5 to start with. But where do you find that extra money each month? This is where step two comes in.

The second step in money management is to have a budgetary strategy. Setting limits on how much you can spend on what types of items. This will be a personal choice for everyone, and will depend on your current financial health. Below are two examples, one for someone who is currently struggling with debt and one for someone who is on their way to becoming wealthy.

Example A

  • 10% of income to reduce debt
  • 10% of income to use on long-term savings for expensive items (car, trip etc.)
  • 10% of income to be used on financial education (self improvement)
  • 60% of income to be used on necessities (mortgage, food, utilities etc.)
  • 10% of income to be used for play (dining out, movies, toys)

    Example B

    • 10% of income to be invested in passive income opportunities
    • 10% of income to use on long-term savings for expensive items (car, trip etc.)
    • 10% of income to be used on financial education (self improvement)
    • 55% of income to be used on necessities (mortgage, food, utilities etc.)
    • 10% of income to be used for play (dining out, movies, toys)
    • 5% of income to be used for charity

    Only your actions and commitment can manage your money to help you on the path to becoming wealthy.

    If you choose to be rich then click here for more helpful information

    About the Author:

    Cory operates a financial education website www.choose-to-be-rich.com

    For more information about Cory, check out the site.

    contactus@choose-to-be-rich.com


    Article Source:

    thePhantomWriters Article Submission Service

Featured Local Company

Hoffman & Company, CPA, LLC

509-773-5793
1530 S Roosevelt
Goldendale, WA

Regional Articles
- You Can Become Wealthy Anacortes WA
- You Can Become Wealthy Arlington WA
- You Can Become Wealthy Auburn WA
- You Can Become Wealthy Bainbridge Island WA
- You Can Become Wealthy Battle Ground WA
- You Can Become Wealthy Bellevue WA
- You Can Become Wealthy Bellingham WA
- You Can Become Wealthy Bothell WA
- You Can Become Wealthy Bremerton WA
- You Can Become Wealthy Buckley WA
- You Can Become Wealthy Camas WA
- You Can Become Wealthy Chehalis WA
- You Can Become Wealthy Cheney WA
- You Can Become Wealthy East Wenatchee WA
- You Can Become Wealthy Edmonds WA
- You Can Become Wealthy Ellensburg WA
- You Can Become Wealthy Enumclaw WA
- You Can Become Wealthy Everett WA
- You Can Become Wealthy Federal Way WA
- You Can Become Wealthy Gig Harbor WA
- You Can Become Wealthy Issaquah WA
- You Can Become Wealthy Kelso WA
- You Can Become Wealthy Kenmore WA
- You Can Become Wealthy Kennewick WA
- You Can Become Wealthy Kent WA
- You Can Become Wealthy Kirkland WA
- You Can Become Wealthy Lacey WA
- You Can Become Wealthy Lake Stevens WA
- You Can Become Wealthy Lakewood WA
- You Can Become Wealthy Longview WA
- You Can Become Wealthy Lynden WA
- You Can Become Wealthy Lynnwood WA
- You Can Become Wealthy Maple Valley WA
- You Can Become Wealthy Marysville WA
- You Can Become Wealthy Mercer Island WA
- You Can Become Wealthy Moses Lake WA
- You Can Become Wealthy Mount Vernon WA
- You Can Become Wealthy Mountlake Terrace WA
- You Can Become Wealthy Mukilteo WA
- You Can Become Wealthy Oak Harbor WA
- You Can Become Wealthy Olympia WA
- You Can Become Wealthy Pasco WA
- You Can Become Wealthy Port Angeles WA
- You Can Become Wealthy Port Orchard WA
- You Can Become Wealthy Poulsbo WA
- You Can Become Wealthy Pullman WA
- You Can Become Wealthy Puyallup WA
- You Can Become Wealthy Redmond WA
- You Can Become Wealthy Renton WA
- You Can Become Wealthy Richland WA
- You Can Become Wealthy Seattle WA
- You Can Become Wealthy Sedro Woolley WA
- You Can Become Wealthy Selah WA
- You Can Become Wealthy Sequim WA
- You Can Become Wealthy Shelton WA
- You Can Become Wealthy Silverdale WA
- You Can Become Wealthy Snohomish WA
- You Can Become Wealthy Spanaway WA
- You Can Become Wealthy Spokane WA
- You Can Become Wealthy Stanwood WA
- You Can Become Wealthy Sumner WA
- You Can Become Wealthy Tacoma WA
- You Can Become Wealthy University Place WA
- You Can Become Wealthy Vancouver WA
- You Can Become Wealthy Washougal WA
- You Can Become Wealthy Wenatchee WA
- You Can Become Wealthy Woodinville WA
- You Can Become Wealthy Yakima WA
- You Can Become Wealthy Yelm WA
Related Local Events
Finance Committee Meeting
Dates: 12/14/2009 - 12/14/2009
Location: Rob Cannon - New York Life Conference Room at Kent Chamber
Kent, WA
View Details

Washington State Financing Commission Homebuyer Education Seminar
Dates: 12/16/2009 - 12/16/2009
Location: Park Tower II
Vancouver, WA
View Details

Mt. Baker Foothills Economic Development Association
Dates: 12/16/2009 - 12/16/2009
Location: Kendall Elementary School
Maple Falls, WA
View Details

Business and Economic Development Committee
Dates: 12/17/2009 - 12/17/2009
Location: Thurston County Chamber
Olympia, WA
View Details

Biz Essentials Workshop: Financial Analysis
Dates: 12/23/2009 - 12/23/2009
Location: Thurston County Chamber
Olympia, WA
View Details

Rss   Delicious   Digg   Add To My Yahoo   Add To My Google   Bookmark   Search Plugin

Topics:
Advertising Family Home Services Real Estate Resources
Business Services Fashion Industrial Goods & Services Retail & Consumer Services
Career Financial Services Insurance Software
Cars Food & Beverage Internet Technology
Computer Hardware Franchise Legal Telecommunications
Construction Health Miscellaneous Trade Shows
Education Holidays Nightlife Travel
Entertainment Home Appliances Online Database Weddings
Environmental Home Electronics Pets World History