24 GETMONEYMAGAZINE.COM
SO WHERE DO YOU START TRANSITIONING
YOUR THOUGHT FROM MONEY DUMB TO
MONEYWISE?
Start at square one, change the way you view your income. You can be a
member of the crew at McDonald’s or the CEO of a struggling start-up com-
pany. Step one is to exercise discretion over what you do with your income.
Think 1%, discretionary over disposable income. Once you’ve done that, the
hardest part has been addressed. The next step will be easier in that you are at
least aware that your money matters. The next step is to get clued in. “A fool
and his money are soon parted.” Financial literacy education is the only way.
You will learn one of two ways: (1) invest in your money education or (2) the
good old-fashioned hard way—lose a bunch of it though trial and error. No,
invesment in your #nancial education won’t automatically guarantee success,
and yes, you will have to learn some things through practical
experience, but education in #nancial literacy will limit your
chances of failure and increase your chances for success many
times over. And “I can’t a#ord formal education/training” is not
an excuse. There is a wealth of free information online at the
public library that doesn’t cost a dime.24 GETMONEYMAGAZINE.COM