Road Maps
Lesson 1
Update: The article now has more than what is in the podcast.
Intro
"Progress means getting nearer to the place you want to be. And if you have taken a wrong turn, then to go forward does not get you any nearer.
If you are on the wrong road, progress means doing an about-turn and walking back to the right road; and in that case the man who turns back soonest is the most progressive man."
You need to know what a healthy relationship with money looks like. I have developed 3 ways/angles to choose from to view a roadmaps that guides you to a healthy relationship with money.
You are welcome to look through these road maps and pick at least 1 to use as your money guide/road map in life.
Life Event to Action
If you are a procrastinator/don't think about money then this roadmap is best for you. When an important event happens in your life, just review this map and take the next right step.
Compare Dave Ramsey to LDS Free Course
Dave Ramsey has the most extensive resources that not only help educate you about money but how to overcome the normal mans faulty core beliefs around money. But his course costs money. The Church of Jesus Christ of Latter-Day Saint's offers a free personal finance course you can take with your spouse along with other helpful accountability partners.
This roadmaps is perfect if you are a Christian and or you like a step by step/level up version of the money life roadmap.
Compare by Philosophy
This is just a continuation of the last roadmap but arranged by topic. It helped me organize my thoughts around themes and view it from a different angle.
So how are you doing, probably far off from where you need to be to be in a healthy place with money. But don't worry, you can work towards getting back on the right road an pick up speed.
Bonus
1-Page Money Plan
The One-Page Financial Plan: and 1-Page Marketing Plan books both gave me this idea. When not have somewhere to write your goals and dreams down when it comes to money. This is my take on where to write those.
Definitions:
Income - How you are going to increase your income.
Shield - How you are going to protect your money/income including using insurance and a spending plan.
Health - How you are going to protect your health so you can continue to earn money.
Roadmap - Where you are at on your choice of money roadmap.
Saving - What you are going to do to save more money.
Invest - How you are going to invest for retirement.
Give - How you are going to give to others and charity.
Backup Plan - How you plan to overcome common setbacks like job loss.
Mentors & Tools - Who you will get your money education, advice and what tools you will use to stay on top of things.
Bonus
And if you like these resources, just wait, by the end of this first module there will also be a Personal Finance Checklist for all those checklist people.
As an added bonus here is a good comparison article for different methodologies about retirement. This comes from the frugalchiclife.com, "Debt Freedom, Financial Freedom, and FIRE...What's the Difference?"
8 Free Money Resources Everyone Needs to Know About by Money For Average Joe's.
Disclaimer
I am not a financial adviser nor have I considered all the uniquely personal factors that would go into offering financial advice to you. This website is made for general education and entertainment purposes for those living in the United States of America. We recommend seeking out advice from professionals.
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