Dollars & Sense: Managing Your Money

Submitted by Nick Wychocki on April 15, 2010 - 1:43pm
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Counting your money

I first want to say how excited I am to be writing the personal finance blog for YPNation. Since I received the nod to write my first post I have been racking my brain for a good topic to begin with. Literally hundreds of ideas ran through my head and, needless to say, I will not be at a loss for topics down the road. But I have decided to start with some general thoughts on managing money--something many young people do not spend enough time thinking about. 
 
Every day we have to make decisions that affect our finances, whether it is shopping for new clothes, paying the electric bill or even showing up for work each day. Yet many of us use the excuse of being too busy to get our financial ducks in a row. We aren’t too busy; the issue is often a lack of understanding on this topic that scare us into waiting until tomorrow to start. Well, tomorrow is here.
 
The first step in any new endeavor to improving something about yourself is to start caring. The same goes for getting a grasp on your finances. One of my favorite quotes is a Chinese proverb: “Give a man a fish and feed him for a day, teach him to fish and feed him for a lifetime.” This can be directly applied to your financial life. Taking things slowly and incorporating what you learn into your daily lives will pay off a thousand times over.
 
I want this column to be for you regardless of your financial literacy. My goal is to write easy to understand and informative articles, while incorporating the experiences of my day-to-day contact with clients, friends and family. My hope is you will take a piece of information from my weekly post, and apply it to your personal situation. So if you have a topic you want covered or there is something that just doesn’t make sense, send an e-mail to me and ask!
 
Nick Wychocki works for Global Wealth Consultants, a registered investment advisory firm, as their Senior Wealth Strategist.  He has worked there for six years in beautiful Naples, Fl., after having cut his teeth in the currency options pits of the Chicago Mercantile Exchange. He is a CFP certificant and a graduate of the University of Florida’s MBA program.
 
(Photo credit: Tennekis; C.C. 3.0)