Managing your money is no nuclear science!
A.P.JAYANTHRAM.
“Honesty is the best policy…. When there is MONEY in it. “Said MARK TWAIN.
Whatever is one’s philosophy of life, it is certain that Money does help substantially. But, the problem with Money is that it stays with people who respect it and do that extra bit of organizing and goal setting and planning. This does not need the brains of a chartered accountant, though most “Aam Admi” consider Finance as a complicated subject and do not give it a rightful place in their thinking space.
It is said that Money is the servant of the Wise and master of the Fools. For any reasons including religion or morality , if you happen to think that money is evil, possibilities are that you will only attract minimal amounts of it into your life. Money is not evil if the methods to channelise it towards you are not evil. Wealth is basically a state of mind and anyone can create wealth almost out of nothing, provided…. You PLAN and set goals.

To start with you should know how much money is coming to you, from where it is coming and where it is going. Stark reality is that most people do not know this first fundamental about money management. Is it not a first deficiency to remove?
When it comes to spending, even accountants are not rational because most of them think that if a product is priced higher, it must be of higher quality .There is hardly any real relationship between IQ and wealth.
In India, where a Wealth manager is still not a certified identity, the best course for anyone interested in planning for creating money will be to try and be his own manager. In fact, though we have banks, insurance agents, mutual fund distributers, and chartered accounts, all of whom loving to be called Wealth managers, we really do not have real wealth managers and even if you locate someone with a massive effort, he is only interested in millioners whom they call HNIs or High Net worth Individuals.
Bottom line is…But, even for these HNIs the relationship Manager will end up selling financial products with which he has a distributor relationship and of course which give his bank the maximum remuneration. The very design of his job prevents him from giving you real advice. You are the best wealth manager that you can ever find!
Can any wealth manager know what your life goals are and how badly you want to reach there? Only you can do it and how?
All that you need to do is, to be disciplined. Keep records, resist instant gratification of your irrational desires, and make your own budgets. Write it down, in a note book, in your computer, spend wisely, save wisely, plan for specific events.
Does it mean that anyone- Just anyone- can be his own financial planner? The answer is a resounding YES. But take care of the following:
Keep meticulous records and monitor periodically
Do not procrastinate. Find some time to do what needs to be done today.
Do not live by credit cards. Live within your means.
Acquire a basic insight into the process of personal finance planning by making use of information freely available.
Make a simple action plan .

Pretty easy. Isn’t it?