law of association

Does The Law of Association Impact Your Finances?

It’s better to hang out with people better than you. Pick out associates whose behavior is better than yours and you’ll drift in that direction.

Warren Buffet

One of the most basic things to consider when managing your money is the Law of Association. Although this doesn’t seem to be linked to your finances in any way, it can impact both your income and spending tremendously.
First, let’s take a step back; what is the Law of Association exactly?

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the golden rule

The Golden Rule of Finance

Too many people spend money they haven’t earned, to buy things they don’t need, to impress people they don’t even like.

Will Rogers

The Golden Rule of Finance is one that makes a tremendous amount of sense to many, but only a few truly know how to apply it. The above mentioned quote by Will Rogers hits the nail right on the head as it is a great explanation why people cannot live up to the Golden Rule. Here is how it goes:

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goal setting

The Importance of Goal Setting

This one step – choosing a goal and sticking to it – changes everything.

Scott Reed

Goal setting has become very popular and more people are using it as a strategy to get a clearer vision of what it is that they want. And honestly, sometimes people don’t even know what they want. There are people going through life never really aiming for something or never trying to achieve a higher purpose. Personally, I think setting goals is not only important to set eyes on the prize, but also to obtain fulfillment.

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