Bob Klosterman, a financial adviser in Minneapolis, has some advice to get us back on the road to financial security. Review your financial status and goals . Keep it simple, trotting out only pen and paper in order to take notes on what each person would like to accomplish financially. At this point, don't worry how realistic the goals are. The purpose is to get family members thinking about things from a financial perspective.
Money needs to have a purpose for most people.
This is how you build wealth. Invest in a simple ledger or a computer software program to budget each month. Many publications are available to give you tips on effective budgeting and expense cutting. Save and invest regularly . Even if you have to start small, saving and investing is a habit that must be formed.