Building a financial foundation is a lot like building your own custom vehicle – you have to have the right components. Everything must be working together in unison to get you where you want to go. Each part is important. Each part is essential. The only trouble is where to begin.
I’m going to attempt to list some of the most crucial components for you. All you have to do is rearrange them in the order that best fits your current situation.
A Few Core Components of your Financial Vehicle:
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- Emergency Fund
- Monthly Budget
- Widespread Insurance
- Strong Income
- Debt Elimination
- Sound Investments
- Unconditional Contentment
- Joyful Giving
- Transparent Communication
These are only a few of the core components you need, but they are some of the most important. Some components will be more important during certain times than others. If you have a baby on the way, build up that emergency fund! Got a fat car payment? Discover more money by paying it off!
Throughout the years, you’ll be able to fine-tune your vehicle to travel faster than you ever imagined. Keep these areas ever-healthy, and you’ll avoid the wrecks that can lead to you financial ruin. Start your journey by reading a few classics from The Christian Dollar above.
! John wrote two articles for the book: "Budgeting for Groceries" and "How Grocery Stores Work."
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