Think I’m kidding?
MC Hammer once filed for bankruptcy.
Ed McMahon had his home in foreclosure before he passed
away.
Nicholas Cage owned multiple residences and several were
foreclosed on.
And let’s not start with the countless athletes who make it
big, only to crash and burn in the financial trenches.
It may sound a bit nerdy but everyone needs to budget their
money. I don’t care if you do it bi-weekly, monthly, or even a rolling yearly
budget (or for the super nerds out there, the ten-year budget!). Spend a few
minutes and write down everything you pay out for in bills each month (or if
there are some things you pay annually or quarterly, write them down in a
separate piece of paper).
Once this is done, tomorrow we’ll start the next stage of
budgeting.
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