What happens when money manages itself
by Angie Carlson |
Many people believe that once you have money it will manage itself.
That the rich stay rich.
There are those that have made a lot of money that have filed bankruptcy.
Here are four; Google “famous people that filed bankruptcy” to find a lot more.
• Stephen Baldwin
• MC Hammer
• Lindsay Lohan
• Toni Braxton – TWICE
Some have recovered nicely from bankruptcy and have a great net worth today.
Others are still struggling.
Why does this happen?
One word: CHOICES
The choice to spend more than you make.
The choice to give financial control to others that act in their best interest, not yours.
If you make $3 million a year and spend $3.5 million a year, you can’t get ahead.
If you make $40,000 a year and spend $30,000 a year, you CAN get ahead.
It’s not about how much you make; it’s about how well you manage it.
How are you managing your money?
Angie Carlson – Carlson Financial Coaching
Carlson Financial Coaching exists to help those going through life altering events – including a life ending diagnosis and/or the loss of a loved one – manage their finances during that transition.