2 Things You Must Know Before Making a Major Spending Decision

 

This article, written by Keith Whelan, was recently posted on Wise Bread’s personal finance site.

Most would agree that successfully managing your finances is near the top of the list of important things to do in life.  In fact, for most Americans only two other things, family and health, are more important.   But how do you define success?

Without a clear and measurable definition of financial success, like Alice in Wonderland you risk falling through the looking glass and losing your way.  Or as George Harrison paraphrased the book’s author: ”If you don’t know where you’re going, any road will take you there.”

So, what should your financial goal be?  And what’s the best road to get you there?

Read the full article at:  http://www.wisebread.com/2-things-you-must-know-before-making-a-major-spending-decision

keith_blogKeith Whelan is Cashflownavigator's founder and author of the "Wealth is Good, Cash Flow is Better" e-booklet. He is a graduate of Columbia University Business School, teaches at Rutgers University, and has over 30 years experience in the banking and financial services industry. Keith, his wife Cindy, and their two sons live in New Jersey.

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