Let’s face it, personal finance is a boring subject, most people would rather spend their time doing the things they love. But the irony in that is if people spend more time managing personal finances they would have much more time and resources to do what they love. Personal financial planning is one of the least discussed subject in the world, but one of the most powerful ways to become financially wealthy. I will teach you five golden rules that are easy to follow and will put you on the road to better money management. I will try to keep it exciting.

1. Save: Saving 15 percent of your gross income cannot be stressed enough. Saving does not come easy for many people, it’s not that they do not consider it to be important, but There are a million reasons to spend your money now. The sooner your start the more you can save and earn in interest. That could mean hundreds of thousands in the long run.
2. Prepare: Life can throw curve balls that not even the the greatest ball player can hit. All we can do is our best to plan for these occasions. The golden rule is to save 3 to 6 months worth of expenses. This will give you time to regroup without missing any payments on your bills.
3. Retirement: The secret to planning for retirement is to start early. The sooner you start the more time your money will have to grow and the less you will have to save out of your pocket.
4. Invest: Long term investments are always a good choice and your 401(K) is a great place to start. You do not need to make high risk investments, in fact the low risk long term investments is the best choice for the average person.
5. Tracking: Tracking the flow of your money both in and out of your life will help you to understand what you do with it. You will gain a clear picture of what you spend it on, how much you invest, and where you might need to cut back.

Well, there you have it 5 golden rules that will get you no track to financial freedom. They will only work if you actually use them.