Home » Economics » Financially Fit

Financially Fit

Financially fit – for some it sounds like an impossibility but the good news is that it can be achieved by following a few simple principles (like physical fitness).

Thomas C. Corley, CPA, CFP, and expert in taxation studied the daily activities of 233 wealthy people and 128 people living in poverty.  He identified 149 daily activities of that were distinctly different among the two groups.

Here are five simple steps he recommends to “perk up” your finances in 30 days:

Step 1: Reinvention – this habit is basically stating things how they really are and focusing on the positive instead of the negative

Step 2: Step goals – remember goals should be S.M.A.R.T. (specific, measurable, attainable, realistic, time-sensitive)

Step 3: Ongoing self-improvement – read something educational and do something practical

Step 4: Build good relationships – people who are financially well of see the value of relationships and foster them

Step 5: Exercise daily – those who get the recommended 30 minutes or more of aerobic exercise everyday were more likely to achieve financial success than those that did not.

 

adapted from http://richhabits.net/yahoo-financially-fit-30-days-to-financial-health/

Comments are closed.