The funny thing is, almost everyone on my dad's side are wealthy. They are business owners or highly educated and now have big fancy careers. You see, growing up I didn't know that, I just thought they were snobby stuck-up people who didn't care about anything except themselves and their wealth. I was wrong.
I didn't start to understand my family until I took a personal finance class in college, my first attempt at college by the way. The class was called Personal Finance 101. The class opened my mind up to all the possibilities that are available if one begins to understand finances. The professor and the class itself presented the basics of personal finance in a way which made it easy to understand and learn. The further the class went on the more and more I realized I loved learning about personal finances and all the little gems that were hidden within it. I felt like I was becoming part of a secret society that only the elite financial moguls were part of. I knew this class was my ticket to financial independence.
The class taught all sorts of different topics ranging from debt-to-income ratios to "good" loans to planning for retirement to investing. I felt like I was starting to get a grasp on how to successfully manage my own finances.
There were two things in the class that changed my perspective of personal finances and most importantly wealthy people. They were preparing a Monthly Budget and the book "A Random Walk Guide to Investing" by Burton G. Malkiel. Below are quick links to the Monthly Budget Template and the book so you can read it for yourself.
This Personal Finance class opened the door and my mind to the possibility that anyone willing to take control of their finances and do just a little bit of work every day, every month, every year can become wealthy and financially independent. I learned it doesn't take being Warren Buffet to become wealthy. It just takes a little bit of common sense and perservence.
Next Suggested Post: How A Monthly Budget Changed my Life.