Principles of Money Management

FREE Make Money Online e-book now available with free Newsletter subscription.The Money Management section of this site focuses on improving your relationship with money. Your goal should always be to master money, not to be enslaved by it. Let money become the instrument of positive change that it was meant to be.

It is easy to become controlled by something that is not easily understood, and money certainly is that kind of enigma. The following resources highlight money's timeless characteristics - how it behaves across generations and differing societies:

• Who Creates Money?
• Conquering Money Resentment
• Unlocking Money's Mysteries
• Your Key to Prosperous Living
• Prosperous Living News Updates

The Sorry State of Financial Education. Up to this point, a traditional education in how to create and preserve personal wealth has been woefully inadequate. This training is not usually offered in the classroom and has been left to be taught by parents and guardians in the household.

We're not learning our lessons well. American consumers are for the first time experiencing only a 1% savings rate. Taking its cues from the government’s $9.5 trillion deficit, the average American family’s credit card debt today is over $12,000.

Our families are teaching us money management lessons in a time of extreme dolar price volatility, so that by the time we grow up the old money lessons feel stale and useless. Money is becoming exponentially weaker with time.

• Steady Weakening of the 1930-1960 Dollar. According to the U.S. Federal Reserve Bank’s research on inflation, money lost 44% of its buying power between 1930 and 1960 (in other words, it would have taken $1.77 in 1960 to buy the same things that one could have bought in 1930 for $1.00).

• Runaway Weakening of the 1960-1990 Dollar. In the next 30 year period, between 1960 and 1990, money lost a whopping 77% of its buying power (it would have taken $4.42 in 1990 to buy $1.00 worth of 1960 goods)!

Stumble It!With the resources made available on this site, you will be able to take the money lessons taught so generously from earlier generations and reconcile them with the current economic reality of a weaker dollar. That will be your ticket to making your money grow.

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