"board of directors"

Every morning, 5 days a week, we’re learning 1 new finance term and 1 practical frugal living tip. Should take less than 1 minute to take in this info!

DEFINITION
“Board of Directors”

• The "board of directors" is a group of people who make big decisions for a company. They help decide how to spend money and how the company can grow. Knowing about the “board” is important if you want to build your wealth because their decisions can affect how successful the company is. If the company does well, your investment in the company might grow too. So, when thinking about investing, it’s smart to check who's on the board and what decisions they are making.

PRACTICAL ADVICE
Figure out your cost of living

• How much does it cost you to survive each month? Do you have a rough number in mind? If you don’t you should definitely figure it out. My wife and I spend around $3,000 a month usually.

OUR COMMUNITY
What are your questions? Or share a win!

• Reply to this email with any personal finance question you have, or share with me any wins in your life! (I’ll respond to your questions anonymously in future emails)