Financial New Year’s Resolutions
Don’t bite off more than you can chew when it comes to resolving to get your finances in order this year. Before your plan your financial path, you have to get knowledgeable. Set baby steps, like reading financial magazines, books or websites to start educating yourself about money, saving and finances. Also, financial radio talk shows are great—Clark Howard is on while I’m driving around town on my lunch hour. You can also stream radio shows or podcasts from the Internet and iTunes to listen to in the background at work or at home.
There is no quick fix. Resolve to read one hour a week and to review your own finances 30 minutes a week. The steps you need to take to eliminate debt and build wealth will become obvious once you start reading the right material.
Recommended Reading
Magazines/newspapers: The Wall Street Journal, Kiplinger's
Books: The Rich Dad/Poor Dad series, anything by Dave Ramsey or Mary Hunt (Debt-Proof Your Marriage)
Radio: Clark Howard
Websites (others than yours truly): Bankrate, Fool, finance.yahoo and finance.cch