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    Financial Behavior Modification Starter Guide: A Simple Guide to Managing Your Finances
    Financial Behavior Modification Starter Guide: A Simple Guide to Managing Your Finances
    Financial Behavior Modification Starter Guide: A Simple Guide to Managing Your Finances
    Ebook73 pages48 minutes

    Financial Behavior Modification Starter Guide: A Simple Guide to Managing Your Finances

    By P.A. Williams

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    About this ebook

    “Financial Behavior Modification Starter Guide” is a simple guide to managing your finances. The starter guide, which involves making personal changes and assuming personal responsibility for your financial future is a common sense approach to financial independence. This essential starter guide will get you started and will help you develop a well laid plan with behavior changing strategies using the ten principles of Financial Behavior Modification. These principles can be started at any phase in your financial life and if used consistently, can lead to a life time of financial independence.
    LanguageEnglish
    PublisherBookBaby
    Release dateJun 10, 2014
    ISBN9781483530055
    Financial Behavior Modification Starter Guide: A Simple Guide to Managing Your Finances

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    Book preview

    Financial Behavior Modification Starter Guide - P.A. Williams

    ISBN: 9781483530055

    I’m not an accountant, a lawyer, financial advisor, a tax expert or any other professional of the legal type. This is not financial or legal advice I’m offering just my opinion and life experience on personal finance, with that said this E- book contains valuable information to help you understand the essential principles of financial planning. Its purpose is also to serve as a starting point for you on your quest to a fiscally sound and healthy financial life. For detail discussions about successful financial management, also if you find this starter guide to be useful and need more indebt information about personal finance please purchase my book, titled Financial Behavior Modification, which will be released on June 30, 2014. Also visit my website, www.fbm365.com for updates and more information on the concepts and principles of Financial Behavior Modification.

    Thank you for your support. I am forever indebted to you for your kindness and for you I am eternally grateful.

    TABLE OF CONTENTS

    FBM-The Plan: Define How, What and Why

    The 10 Principles of FBM

    S.M.A.R.T

    Gathering Personal Information

    Budgeting

    Establishing an Emergency Fund

    Paying Down Debt

    Saving Money

    Buying a Home

    Retirement Plans and Investments

    Making Smart Purchases

    Planning for College

    Building Extreme Wealth

    23 Financial Terms You Should Know

    Notes and Comments

    Conclusion

    THE PLAN

    The angle that I will take will be strategically positioned and based on Financial Behavior Modification (FBM). FBM involves making personal changes and assuming personal responsibility for your financial future. It is a common sense approach. This essential guide will help you to develop a well laid-out plan and behavior changing strategies. Personal finance is more about behavior and less about numbers or math.

    DEFINE FBM

    Financial Behavior Modification is a change in personality or attitude based on new information and experience. Financial Behavior Modification is also a technique to improve financial behavior in everyday life. The unpleasant truth is that making a behavioral change is one of the hardest things that we can set out to do. If change was easy and painless, you would see a lot more successful and happy people walking around. Accepting responsibility for your finances will not be easy. However, it will be truly worth it in the end.

    To achieve financial success, you must first change your behavior. You must make a Financial Behavior Modification. You must also have a financial plan. Governments and corporations (small to large) use some type of financial plan to operate successfully. They use this so that they can track what money is coming in and what money is going out.

    HOW, WHAT AND WHY

    How to get out of debt?

    What can you do when you get out of debt?

    Why get out of debt?

    Of

    FINANCIAL BEHAVIOR MODIFICATION

    FIRST THINGS FIRST

    Since you have decided to make a change in the financial aspects of your life, let’s take a closer look at the Ten Principles of Financial Behavior Modification. We will use the ten principles to lay out a plan to build a strong financial foundation for you and future generations.

    The first principle states that you should Lay Out Short-Term, Midterm and Long-Term Goals. You will need to set your short, midterm and long-term goals. It is imperative to use a well-designed process to help you set clear and achievable goals. To facilitate this process, we will use the S.M.A.R.T method for developing goals.

    S.M.A.R.T

    S.M.A.R.T, is an acronym formed from

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