As an HR consultant, I'm traveling around the country talking about performance improvement, employee development, and leadership skills with business leaders. Sometimes, the more we talk the more I realize, its not just their worklives that are in ghastly condition. Many times, their finances are in scary shape; creating stress and disturbances in other areas of life. I've learned that taking these 10 Financial Vows can lead to a wealthy and financially-healthy life:
1.
Live within your means.
Live within your means.
2. Maximize your income potential through education and training.
3. Effectively manage your budget, credit, debt, and tax obligations.
4. Save at least 10% of your income.
5. Use homeownership as a foundation for wealth building and net worth building.
6. Devise an investment plan for your retirement needs and for your children’s education.
7. Ensure that your entire family adheres to sensible money management principles.
8. Support the creation and growth of minority owned businesses.
9. Guarantee wealth is passed on to future generations through proper insurance and estate planning.
10. Strengthen your community through philanthropy.
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