Information is power. And we have tons of information on Google/Bing/Yahoo. For example, You can get 10 Good Habits of Personal Finance in a jiffy. Like this and more…
• Manage your expenses so they don’t exceed your income.
• Spend money thinking of your future as well as your present.
• Begin saving early to take advantage of compound interest.
• Avoid collecting credit cards and using them for borrowing.
• Always honour your debts and other financial obligations.
• Project your income and expenses for the next 12 months and track variances.
• Focus on the relationship between the risk and projected return of investments.
• Maintain organized records for tax and general financial planning purposes.
• Have a plan and a purpose for your investing.
• Obtain a financial education to be in a position to make intelligent financial decisions.
My question to you is, how much this information help you in making better financial decisions? Yes, it prods you and shows the way, but how much of that registers in your hard disk (oops, brain)
My idea: Learning to make better financial decisions is all about being aware of your situation (Lights), using tools to budget, track and automate (Camera) and implementing it into Action!!
Essentially, this Lights, Camera, Action theme is aimed at transforming your financial behaviour and not just feeding you more information.
Do you find this interesting? I invite suggestions from you to design a workshop on Financial Planning. Thanks