The Building Blocks of Personal Finance

Having the Cents to Thrive is accomplished by some very basic building blocks which lay the foundation for building the best version of life for yourself and your family. These foundation blocks are often talked about in restrictive terms such as ‘you must always to this…’ or ‘you can’t succeed without…’. I am not here to be that restricted since there are multiple ways to getting to the same place–something that was cemented in my mind while living in New England where straight roads are not the norm (smile)!

A Pile of yellow plastic building blocks
Photo by Ryan Quintal on Unsplash

Alternatively, the building blocks I discuss here are for you to play with and assemble as you and your circumstances warrant. Personal finance is not a jigsaw puzzle that forms the perfect picture when everything fits together exactly how the puzzle was made, it is a set of building blocks which are assembled in stages and can be put together in the manner which you see fit. The beautiful thing is you are the one in control of what becomes the final product. You–no one else. You might find advisers along the way who suggest ideas, but ultimately, you are the creator/the builder/the architect of your financial situation.

So what do you need to get started on this build?

  1. Determination
  2. Common Sense
  3. Income
  4. Savings
  5. A Plan
  6. Giving

Are these the only blocks needed to build your ideal financial situation? No. These are the foundation. As I discuss each of these in future posts, you will see that on top of each of the foundation blocks are blocks which fall in the same category. For example, budgeting is a block which is stacked on top of the Plan foundation block, but it is not the only block that is built upon the Plan foundation–stay tuned to find out what some of the other blocks could be!

Next up: Determination and Personal Finance

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