Introduction

There is an alarming statistic that speaks volumes about the financial health of the average American consumer: savings rates (as a percentage of disposable income) is close to 0%, while consumer credit is at an all time high.

This guide is intended to help you understand the basics of money management and how to set up your accounts so that you can start building wealth.

We will not delve deep into any financial vehicle, but rather take a look at the big picture, to give you a framework to start building your own personal finance strategy.

As a disclaimer, let me state that I am not a financial adviser. The strategy I am describing has worked for me, but your situation may be different. If you have any questions please consult with your tax and accounting professional or a certified financial planner.