Think, act, feel about money the way wealthy people do
Seven principles open the doors to financial wellbeing
The importance of budgeting, based on knowing how much you earn and where it goes, is essential in the journey to financial wellness. Sorting your finances out in the same way as you would run a small business can help you to find out where you're leaking money, say international speakers and entrepreneurs Michael and Robbie Mathews. When the husband and wife duo, authors ofFinancially Speaking: The Best Improvement Starts with Self-Improvement, scrutinised their budget, they discovered that in seven months they had spent about $7,000 (about R90,000) on eating out. A balance sheet helped them understand where their "income was coming from and debt was going". Robbie says: "If you don't know where you are financially, you don't know where you're going." And this need not be a struggle. Using a financial planner to examine your lifestyle and put together a financial plan suitable to your needs and means is vital. The couple have identified seven elements - what they call wealthy princ...
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