5 KEYS TO FINANCIAL SUCCESS

Recently I have read the appended article below, written by Bernice Napach, with so much of excitement. Because it stirs up my inspiration to follow her bold foot step in helping ordinary people to organize their financial lives. 

As some of you may be aware that I am gifted in this particular area from a very young age. Thank God and wouldn't you agree that I should use this talent, experience and skill I have now for this noble act? Definitely yes, Right? To me, everyone needs to know how to fish and this is the sure way he can have fishes for the rest of his life.

In line with the proverb that if you want to ask the about the road ahead, you should ask those who had returned back. The more I thought of it, the more it drives me to do so.

As such, I decided to share this knowledge and skill through this blog with the intention it could empower others to a certain extent to organize their financial matters so that they have better control of their lives. This serves as a way for me to repay to world which I have been benefiting from. 

Thanks for visiting this blog and looking forward to hearing from you,

James Oh

5 KEYS TO FINANCIAL SUCCESS

By Bernice Napach

If Alexa Von Tobel had her way, there would be a primetime reality show that focuses on educating people about their personal finances, just as "The Biggest Loser" educates people on eating healthy.

"I love that show," says Von Tobel, a Harvard graduate. "The six million people who tune in every Tuesday learn about healthy choices and the basics of living a healthy lifestyle. I wish there was a show like that about personal finance."

Von Tobel didn't create a TV show but did probably the next best thing. With $75,000 of her own funds and $1.1 million seed money from Goldman Sachs, she started LearnVest, a Web site dedicated to helping ordinary people organize their financial life. "You can stop a lot of [financial] problems from starting if you simply empower people to have some of the financial basics in their head before they start," she says in an interview with The Daily Ticker.

Her first words of advice: have a financial plan. "Understand what you're trying to achieve for the next three to five years and understand how to dice up all of the dollars you take home every month."

Her other top recommendations:

-Live by a budget

-Prioritize Debt Repayment

-Have 6 Months Worth of Emergency Savings on Hand

-Start Saving for Retirement Now

-Negotiate Your Salary

Von Tobel says many people haven't grasped these "financial basics" because they're not part of the public school education system. "There's a huge lack of financial literacy in America simply because it's not taught formally in our school decisions......yet it is a topic that affects us every single day of our lives."

James Oh

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