The 7 Laws of Money (in 60 seconds) - Money Wisdom - Matthew Kelly - 60 Second Wisdom

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The 7 Laws of Money (in 60 seconds) – Money Wisdom – Matthew Kelly – 60 Second Wisdom

Video Transcript:

“There is wisdom to be gained in every area of life. Do you have more money wisdom today than you did a year ago?

Money plays a central role in our lives, yet we teach our young people so little about it, and most people never seriously apply themselves to learning about money. So, most people’s personal finances are a mess, and tragically, more than 35% of people who get divorced say they ended their marriage over disagreements about money.

Here are the seven laws of money.

1. Save part of everything you earn
2. Spend less than you earn
3. Invest wisely
4. Protect your assets from risk
5. Own your own home
6. Avoid unnecessary debt
7. Improve your ability to earn.

These laws have not changed in thousands of years. Commit yourself to them and they will lead you to financial health and allow you to be generous with those you love and those in need.”

The Best Version of Yourself and 60 Second Wisdom are registered trademarks.

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Financial health 🙌🏼 Thank you Matthew Kelly 😊 I’ll pass this to my family and friends. ❤️

createdbless
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Thank you for sharing the 7 Laws of money, Matthew.

jimondrus
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It's so important to share these tips with young people. The earlier we speak with them about money, the more financially savvy they will be. Thanks for sharing this message, Matthew.

KateVolmanMedia
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I got in trouble with a credit card in my early 20's. It was the best mistake I ever made. I learned about compound interest, interest rates, the need for saving, how to budget, how to pay down debt and the value of spending within my means.

realjoanna
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Best advice ever!! I live below my means, finally own my home by paying off my mortgage in 20 years instead of 30, and I never carry a balance on credit cards! Never take out a home equity loan either!!

pamelaadams