Budgeting for Success

written by @CoreyLStokes
Since starting on this road trip to live a debt free life, I have kept my eye out for success stories and information that the average Joe (or Jane) and I could use to create a better and more prosperous life for ourselves. I recently came across an article, “Budgeting for Success”. Although many of us have the desire to be financially independent, or just want to get through the month without struggle. We also (often enough) cannot see our own road map to get there. This leaves us ill prepared to take advantage of the opportunities that are right in front of us.

Financial experts such as Kelvin Boston, and much recently Dave Ramsey and Susie Orman have laid out, in various formats and on many different platforms, strategies and plans that millions of people use as their road map. Former Football player Michael Jackson, as discussed in the “Budgeting for Success” article, has committed himself to such a plan and has made a world of difference in his life. With 78% of NFL players going bankrupt within two years after retirement, this former New Jersey Red Dogs Player (2000 and 2001) committed himself to a three-pronged strategy for success. In an interview with Black Enterprise he lays out his strategy to building his savings, living on a budget, and developing multiple streams of income. At the age of 42 Jackson is looking to expand on his business empire and further “diversify his income.”

It goes without saying, that if you want to live like everyone else you should expect to get the same results as everyone. If you, as Jackson suggests, stick to your budget, save, educate yourself, exercise self-control and surround yourself with trusted advisers, you too can set yourself up for long term success.

Do you have your road map?