Powerful statement

Dear Readers, 
               Lot of time we hear that "Knowledge is wealth", recently i me & my wife started reading a nice book related to financial management which is very nice. i know you are curies to know about that book, me and my wife we both thank the Other Dave Ramsey for this nice book. We both took some very good decisions about our finances after reading this book. Even i am professional financial planner, i highly recommend this book to all my clients. 

               In this book author wrote few Myth Vs Truth statements i would like to share one out of so many which i feel most of the times its correct, professionally i saw so many people saying these words. Most of the times we hear this statement from lot of our firends also when it come to financial planning. "I don't have time to work on a budget, retirement plan, or esate plan." but the truth is "They don't have time not to". Same words Dave Ramsey explained very nicely in this book "The Total Money Makeover". 

In this book Ramsey discusses about words from Leadership guru Johan Maxwell satements as well as words by Dr.Stephen Covey's book "The Seven Habits of highly effective people". If we think in financial prospective of these statement they have a powerful impact on us. 

Covey says to divide activities into four quadrants.  Two of the quadrants are important/urgent and important/not urgent/ The other two are any way not important so we are not highlighting them. The author in this books says that The Total Money Makeover falls in Important/Not Urgent category. lets say if we stop paying our electricity bill we will be sitting in darkness so this comes under Important/Urgent, but if we don't to a monthly spending plan, there is no apparent immediate damage. so that is the reason most of us are not doing that. Prevention is always better than cure. 

Johan Maxwell quote on budgeting "A budget is people telling their money where to go instead of wondering where it went." this same is applicable in time management also. 
Personally me and my wife we monthly track our expense as well as before starting the month we will do our budget of the month. personally i highly recommend every body to read this book at least once. There are so many topics every one of us must know. 
Wanted to buy this book to read click here to goto Barnes & Noble website. 
feel free to write your feedback and comments in comments section, i am sure i will come-up with new article which can help you in lot of way in personal finance and planning area.. check out this page for regular updates about personal finance related topics.