When you take control of your personal finances you start to command your budget and tell your money what to do for you. It becomes your employee. Every dollar can have a different job. You can have a group of your employees work at one company, while another group of your dollars goes and works in real estate. What I am referring to is passive income. In personal finance management you first learn the basics: · Track your income · Track your Debt and Expenses · Save Money · Don’t let your Debt and Expenses be larger than income Once you pass that level of getting your personal budgeting setup, you move onto the phase of managing your finances. Here are some key things to remember about each dollar: · Each dollar you earn is another potential source of income for you · Each dollar spent on regular expenses or debts is a source of income you have let go · Each dollar saved can be a different type of inco
