Overcome Confusion & Frustration While Solving Your Money Puzzle

April 14, 2007

Money concepts can be confusing and overwhelming. There are many things I don’t understand about the world of finance; you could say I see it as a big puzzle.

What are Blue Chips?
Every day on the drive home I used to hear newscasters announce the Dow was up or blue chips were down. I knew up was good and down was bad but I had no idea what the Dow was or what kind of company was classified as a “blue chip” stock. Finally I got tired of not knowing what they were talking about and did a few minutes of research on the Web. As I discovered the meaning behind a blue chip stock and the Dow Jones Industrial Average a small piece of the big money puzzle fell into place.

Gradual Progress
The nice thing about looking at money as a puzzle is that you don’t expect yourself to know it all. If you come across something you don’t understand just realize it’s just a missing piece. You’ll figure it out and over time the “financial picture” will become a little clearer.

The Finished Masterpiece
When you start a puzzle what’s the first thing you do? Put the picture on puzzle box where you can see it so you know what the end result should be. I think the same applies with your money puzzle. If you can visualize what your long term goals are, i.e. the finished masterpiece, then it makes it much easier to put your money puzzle together.

Your Money Puzzle
We all have a different vision of what we want our finished puzzle to look like and we all go about solving the puzzle a different way. If we can visualize the end result and realize that the progress will be gradual rather than immediate, it will motivate us to learn about money and keep us from getting discouraged or overwhelmed. What tricks have helped you overcome frustration and confusiong while putting together your money puzzle?

Ben

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Ben

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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