Take care of and manage your financial resources, possessions, real estate and other physical assets. 

Spend less than you earn. This is the best way to get ahead in life.  If resources are limited or if you are a good organizer, develop a budget and follow it. 

Save enough to build a qualified retirement program (401k, IRA etc.) that allows assets to grow tax-free until you withdraw them in retirement, or save into a Roth IRA to let after-tax dollars accumulate. You will be amazed at how invested money can multiply. Albert Einstein reportedly said, “Compound interest is the eighth wonder of the world. He who understands it, earns it; he who doesn’t, pays it.” 

Protect yourself and your assets with adequate health, life, property and casualty insurance. Don’t run the risk of a disaster wiping out all your financial wealth and savings. 

Take a few minutes to write down the pros and cons of your current finances, and what you would like them to be if you were  highly successful.

Then move on to the next step, which we call recreation – really all the activities you engage in that are not required or necessary work. Go to recreation here.

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