Financial 101

Hello, I’m Alan Akina. I’ve helped thousands of families just like yours to live lives of financial peace of mind. I even host a morning TV segment on KHON 2 Wake Up 2day show, to help people learn how to manage their personal finances.

My mission is to help people get the education about personal finances that most did not learn in school. My intent is to educate the masses, so every family can leave their stress and frustrations about money problems behind, for good.

Growing Your Financial Understanding

Discovering how to manage your personal finances is the first step to living a life free from financial stress. Just like eating healthy food helps your body operate at it’s best, educating yourself and your family in the proper ways to manage money enables you to live life at its best.

Calculating Your Net Worth

Where does your financial education begin? You must know where you stand now, in order to improve your financial life. The best way to see how healthy your finances are is by calculating your net worth. To find out your net worth, calculate the total of your assets, and the total of your liabilities. Now subtract your assets from your liabilities to get your net worth.

Money Topics All Newlyweds Should Discuss

Money problems are the #1 cause of divorce in America. If you are a newlywed, (or even if you’ve been married for a number of years), discussing money with your spouse is something you should do regularly. Make a commitment to have a weekly “money talk” with each other. Make a plan to pay off your debt as quickly as possible.

3 Tips For Creating a Better Life For You and Your Family

To live with financial fitness, I suggest you include your entire family in the process. Having your spouse and children involved in your family finances will produce positive results now and in the future.

Family Finances Tip #1

Show your family how to set a budget. Assign each child a few household expenses to keep track of. Have them monitor the prices of these expenses so they see most things get more expensive.

Family Finances Tip #2

Take your family shopping with you. Give them the experience of selecting products and checking prices. Include your children when making your grocery list and clipping coupons. Then have them help look for savings when buying food, so they see the true cost of living.

Family Finances Tip #3

Communicate openly about family money matters. Never underestimate your children’s capacity to understand money. Doing this will make them much more responsible as adults.

Open a savings account with your child. Encourage them to start saving and investing early. They can start with the allowance they get, or with what they earn doing chores or odd-jobs around the neighborhood.

Most Importantly, Lead By Example

As a parent, your example is the best teacher. Ensure that you are doing all you can to be a good financial example. Ensure that you are giving your children a look at how you manage your finances in a responsible manner.

For more information you can go to www.financial101.com

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Alan Akina is the CEO of 101 Financial, a financial education provider for adults, which has been helping families since 2002. 101 Financial help people eliminate financial worries, pressure and stress, and live lives of financial peace of mind. Attend Alan’s free online training: “Experiencing Financial Peace of Mind.” Start your personal finance education at webinar.101financial.com.

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