Financial Checkup – Influence

October 29, 2006

Principle 3 – Influence
What is the number one determinate of someone’s attitude towards their health? The family and environment they were raised in. Think about some of the common bad habits that people pick up from their family such as smoking, unhealthy eating, or lack of exercise.

The influence of our environment also determines our financial health. Do you talk about money with your family and friends? If so, is the conversation a learning experience or is it usually an argument or complaint session? If we want to improve our finances, we have to surround ourselves with positive financial influences that will help us learn the ins and outs of our money.

Principle Applied
So how do we apply this principle? Start by looking forward. Don’t worry if you haven’t had great financial influences in the past. Start surrounding yourself with them today!

However you learn best, that’s where you should begin. If you’re a visual person, read finance magazines (Smart Money, Kiplinger’s Personal Finance), or blogs (PFBlog, Blueprint for Financial Prosperity, All Things Financial). If you’re an audio learner, listen on the radio or to an audio book (Dave Ramsey, Suze Orman). If you need human interaction, find a friend or relative. If you don’t know anyone you’d trust financial advice from, join an investment club (Better Investing) in your area, and ask lots of questions!

Read about the next principle of Finding a Mentor.


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Ben Edwards, the founder of Money Smart Life, saved up enough to buy a Nintendo back when he was 12 years old. When he used the money to buy shares of Wal-Mart stock instead, he knew he wasn't like the other kids... His addiction to personal finance has paid off for his family and now he's helping you to afford the life that you want. Check him out on the web at Google Plus, Twitter and Facebook.

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