Leap into Responsibility

In 9th grade at was at a friends house  getting ready to go out on the town. She really wanted to wear a certain shirt. We had a couple of hours to kill before we were set to leave. I said
"Go put it in the washer, we'll have time."
"My mom's not home."
"So what, do you have to ask your mom for permission?"
"No, I don't know how to use the washer."
I couldn't believe it! She was 15 and didn't know how to use the washer!I showed her how to do it(she was a little reluctant thinking her washer might be different). In fact that day I showed her how to use the dishwasher too.

That day I realized how important it is to have personal stewardship and self reliance. We need to be responsible in our temporal needs.We may not struggle with the washer, but how are we doing with our money? Do you rely heavily on others to take control of the things you don't like or  understand? Do you know how much is coming in, and how much is going out?

If you don't control your money, it will control you. In college I was saving up for a trip  that cost a lot of money. Some friends would make fun of "My Budget." I would have to turn down movie offers or some other fun thing if I have already used my budget for the month.
Then they would say "I wish I could travel like you, I'm too poor." I wasn't rich ladies and gentlemen I just had a goal! Now in college is was easier. I didn't have to worry about mortgages, unexpected doctor visits, insurances going up, and many more things that throw you a lemon. But the principals are the same. Here are some guide lines I got from the book The Five Lessons A Millionaire Taught Me, By Richard Paul Evans(highly recommend, it's a mix between Ramsey and Kiyosaki)

1. Know How Much Money You Have-
At the end of each month fill out a your expenses and chart your progress. How much is your net worth?

2. Know Where Your Money Comes From-
Every little thing from paycheck to eBay or yard sales. One time bonus should only be used for one time expenditures(vacation, student loans, paying down mortgage).

3. Know Where Your money is Going-
Knowing where you spend your money is the only way you can control it. Don't just let others or spouse mange it. Keep track in a ledger, computer program(like quicken). Make sure you pay yourself, and give yourself a budget.

4. Know What Your Money is Doing-
Find ways to have your money work for you. When you stay true to yourself and take responsibility of your investments, you'll be more clear about your money working for you. Saying " I don't have time for this.."  is like ignoring traffic signs when you drive. You make time. And when your actively looking to create new avenues , they will appear.

That's just a snippet of  the lesson on taking responsibility. There are 4 others! It's important for us to learn about our own wealth and know what money can do for us. And focusing on money is not bad, it's actually good and responsible. It's bad when we make money our only focus  and it consumes us. So let's take control and be involved in our finances.