{"id":618,"date":"2010-10-05T06:50:05","date_gmt":"2010-10-05T13:50:05","guid":{"rendered":"https:\/\/maysfinancial.local\/"},"modified":"2017-02-26T02:01:58","modified_gmt":"2017-02-26T02:01:58","slug":"money-management-introduction","status":"publish","type":"post","link":"https:\/\/maysfinancial.local\/articles\/money-management-introduction\/","title":{"rendered":"Introduction to Money Management"},"content":{"rendered":"<p><strong>Money management is the cornerstone of every financial plan and the foundation for every financial future. <\/strong> Even with optimal risk management through insurance, a solid estate plan, minimal taxes and an extraordinary investment portfolio, <strong>if you fail to properly manage your money you will fail.<\/strong> <strong><!--more-->Just like a house built on sand, a poor foundation of money management will continue to erode and deteriorate until the inevitable collapse of the structure.<\/strong> On the flip side, <strong>even with humble beginnings, through effective money management a significant estate and substantial wealth may be accumulated. <\/strong><\/p>\n<p>Our primary tools in this endeavor are cash flow and balance sheet, they will gauge our success. From our balance sheet we can know our net worth. <strong>Cash flow and net worth represent the cumulative result of all of our financial actions and decisions.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Money management is the cornerstone of every financial plan and the foundation for every financial future. Even with optimal risk management through insurance, a solid estate plan, minimal taxes and an extraordinary investment portfolio, if you fail to properly manage your money you will fail.<\/p>\n","protected":false},"author":1,"featured_media":3994,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[2,14],"tags":[33,151],"_links":{"self":[{"href":"https:\/\/maysfinancial.local\/wp-json\/wp\/v2\/posts\/618"}],"collection":[{"href":"https:\/\/maysfinancial.local\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/maysfinancial.local\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/maysfinancial.local\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/maysfinancial.local\/wp-json\/wp\/v2\/comments?post=618"}],"version-history":[{"count":0,"href":"https:\/\/maysfinancial.local\/wp-json\/wp\/v2\/posts\/618\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/maysfinancial.local\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/maysfinancial.local\/wp-json\/wp\/v2\/media?parent=618"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/maysfinancial.local\/wp-json\/wp\/v2\/categories?post=618"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/maysfinancial.local\/wp-json\/wp\/v2\/tags?post=618"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}