How to Become CFO of Your Life Why not apply the money principles you use for business to your personal finances?
By J.D. Roth •
Opinions expressed by Entrepreneur contributors are their own.
In college I got hooked on credit cards, and I graduated with an addiction. My habit grew with my income. By the time I was 30, I had more than $35,000 in consumer debt and a big mortgage, to boot.
Eventually I turned things around, but it didn't happen overnight. It took years for me to master my own money, and it became possible only when I realized that I should treat my personal funds the same way I treat my business finances. I decided, in effect, to become CFO of my own life.
It wasn't easy to bring the rigor of cold cost-benefit analysis to my day-to-day living, but the result is that I no longer work to pay off debt. I now work to live the life I want to live.
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