Wednesday, December 16, 2009

Francisco Colayco's 10 Commandments on Personal Finance

Commandment # 1: Pay Yourself First
Commandment # 2: Define your financial target at each phase
Commandment # 3: Stop spending on things that decline in value
Commandment #4: Protect your greatest asset: Yourself
Commandment #5: Grow with the economy and beat inflation
Commandment #6: Trust the power of compound interest
Commandment #7: Assess Risks and Options
Commandment #8: Make Money Work For You
Commandment #9: Invest and Diversify
Commandment #10: Use the Power of One

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