Monday, April 11, 2016

Do you have the fifth habit of financially free people?

Habit 5: Seek first to understand, then to be understood 

 Third habit of financially free people

Stephen Covey wrote the book, what now is a classic, The 7 Habits of Highly Effective People. Why not applying the habits to our financial life? If we do so, over time we can transform our personal finances. Today we look at the fifth habit. Each habit will list 7 financial actions we can apply towards ourselves and our finances. 

Habit 5: Seek first to understand, then to be understood 

1 They understand the principles of money.
2 They know the diff. between needs and wants.
3 They know the diff. between assets and liabilities.
4 They know the diff. between expenses and investments.
5 They don’t spend money to impress others.
6 They understand taxation and inflation.
7 They avoid getting into financial traps like debt.

Thank you for reading and reflecting on today’s nuggets. Please share with others.  
I would love the opportunity to share my Nuggets with your audience!

Be blessed and be a blessing to others
Carlos Fontana
Author of the book Priceless, Co-author of the book Follow to Lead

"The future belongs to those who can see and pursue opportunities before they are obvious."

"Those that take swift action will always leave those that don't breathing the dust."

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