Financial Success Explained in 90 Seconds Flat

Financial Success Explained in 90 Seconds Flat

by Alonzo on July 30, 2016

So this is the year you’re going to get your finances straight. You’re determined to become the Dollar Diva, the Money Maven, or the Greenback Guru. But what if you don’t have the time to wade through Dave Ramsey, Suze Orman, or Michelle Singletary?

Don’t worry we’ve got you covered. Your cliff notes await. Below you’ll find the quick and easy guide to mastering your money, courtesy of the greatest financial minds to ever walk the planet.

Financial success explained in 90 seconds flat:

“Never spend your money before you have it.” – Thomas Jefferson

We live in a world where common sense is nothing but common. If you can’t pay for something in full, walk away. Step back from the Manolo’s. Put down the iPad. Return the ultra high definition 65-inch flat screen TV. Your bank account will love you for it.

“A wise man thinks ahead; a fool doesn’t, and even brags about it!” – Proverbs 13:6

Why is it that some people seem to have the Midas touch? They do more with the same amount of money and always seem to have their finances in check. It might be related to how they think.

Businessman planning year 2017. Business new year plans, goals and targets concept.

According to author T. Harv Eker, the poor think day to day, the middle class think year to year, while the rich think decade to decade. Creating a long-term plan for your life and your money puts you on the road to wealth. Remember, to become rich start thinking like the rich. Plan ahead.

“Pay yourself first.” – David Bach

We spend much of our lives hustling to pay others. Yet, only when everyone else is taken care of do we serve ourselves the leftover scraps. It’s time to flip the script. Pay yourself first.

Have 5% to 10% of your paycheck direct deposited into a savings account earmarked for your financial goals. Only then should you use the rest of your paycheck to pay everyone else.

“Save your money and one day it will save you.” – African Proverb

Life kicks us when we least expect it. The plumbing breaks, the car won’t start, or Junior needs new braces. But with an emergency fund you can stare back at Life, laugh in its face, and be on your way.

Plant Growing In Savings Coins - Investment And Interest Concept

“Too many people spend money they haven’t earned, to buy things they don’t want, to impress people they don’t like.” -Will Rogers

Ouch!!! Like my mama used to tell me, “Boy why are you trying to impress people that don’t care two cents about you.” Instead of building an impressive wardrobe, worry about eliminating debt or creating an impressive stock portfolio.

“The rich rule over the poor, and the borrower is servant to the lender.” – Proverbs 22:7

For my grandparents and great grandparents DEBT was a four letter word. And now we see why. DEBT = SLAVERY. Debt is the weight crushing the soul out of life. True freedom is found by avoiding debt like the plague.

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“The art of living easily as to money is to pitch your scale of living one degree below your means.” – Sir Henry Taylor

Yes we’ve all been guilty of mentally spending our raise, bonus, or tax refund before the money has even hit our hands. As humans we can’t help but spend everything we make. But according to the universal law of wealth, to be financially secure you must spend less than you earn.

“Live today like no one else so you can live tomorrow like no one else.” – Dave Ramsey

Do what other people aren’t willing to do. Cut expenses, vigorously eliminate debt, and avoid credit cards at all costs. The small sacrifices you make today will allow you to grow your money so that tomorrow you can afford what others cannot.

MMsinkingpiggybank“Beware of little expenses: a small leak will sink a great ship.” – Benjamin Franklin

Few of us pay attention to the dollars and cents that flow freely from our pockets, but these small amounts quickly add up. Your morning Starbucks fix, noon lunch runs, or daily bottled waters could be quietly decimating you finances.

Long before there was the Latte Factor, Ben Franklin recognized that it’s the little expenses which slowly bleed us dry.


“One man pretends to be rich, yet has nothing; another pretends to be poor, yet has great wealth.” Proverbs13:7-8

Act rich or be rich. That’s the choice. According to Thomas Stanley, author of The Millionaire Next Door, most of us wouldn’t recognize a millionaire if they were standing right next to us. That’s because millionaires are more concerned with building wealth than looking rich.

“Don’t tell me where your priorities are. Show me where you spend your money and I’ll tell you what they are.” – James W. Frick

You know those friends who say they want a better life. They want to go back to school. They want to get out of their apartment and buy a home. Yet, you see these very same friends purchasing the latest electronics, eating out every night, and always sporting the latest fashions. How you spend your money reveals your true priorities.

There you have it. The quick run down on how to achieve financial success. So how about you? What money advice would you add to our personal finance cliff notes?

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