Archives for June 2014

Rich Habits Dad’s Financial Advice to His Recent College Graduate

For those who have kids who are getting older, getting ready to graduate from college or just entering the workforce I would like to share with you an email I sent to my oldest child when he moved out of our home to begin the next phase of his life.
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Spend Your Time Wisely

tip-o-the-morning

There are 1,440 minutes in each day. Rich or poor, time does not discriminate. How you choose to use your 1,440 minutes each day, the choices you make with respect to your time, will dictate your financial circumstances in life. Those who are successful in life spend a portion of their 1,440 minutes in any of the following ways:

  • 30 minutes or more engaged in reading, studying for self-education
  • 30 minutes or more engaged in aerobic exercise
  • 60 minutes or more pursuing some long-term goal, dream or major purpose
  • 15 minutes or more planning their day (i.e. preparing to-do lists)
  • 40 minutes or more networking, volunteering and relationship building
  • 10 minutes or more meditating
  • 30 minutes or more mentoring someone
  • 30 minutes or more writing, speaking, teaching
  • 30 minutes or more developing or learning some skill
  • 20 minutes or more engaged in some creative pursuit
  • 20 minutes or more staying current with events (reading the news)