In a world full of constant distractions it has become extremely hard to focus on things that matter (even if today we have more opportunities than ever before). Specially when it comes to finance it may affect the other big areas of your life if not managed properly.Such managing tool is termed as personal finance curriculum. It’s sole intend is making us conscious about all the movements our money is making. Its power is based on the fact that we cannot control something that we don’t understand. And we cannot understand something we cannot see. In other words, something we don’t even know that exist.

It may be incredible how effective a personal finantial plan can be. Even if your money spending habits are terrible by just looking and registering those numbers you are more likely to save and make more.It is an effect commonly studied in psychology: Would you act the same way if you had a big black camera pointing on you? Of course not! This is somehow the way financial consciousness works. The moment you see what’s happening you start making decisions more cautiously even if you do not want to.

Even though a financial curriculum sounds great reality is that it is rather useless when it is not combined with appropriate financial literacy. It’s like having bought a car without an engine. If it cannot be understood or measured it cannot be controlled. But obviously it cannot being understood without even knowing that it exists. That second part represents the personal financial curriculum.

Personal expense management has become a necessity because of living in presence of distractions and consumerism. The purpose is stopping to lose money and control its direction so it can be put into the proper task and eventually make even more money.Those ‘right directions’ are called ‘the areas of focus’: Financial position, Adequate protection, tax planning, Investment and accumulation goals, retirement planning, cash management… everything you may need concerning to income management.

Finally and most importantly, calculating your networth. I have decided to put the single most important component at the end because here is where people get confused the most. Specially those whose personal financial plan is only based on traditional accountability.

The greatest myth about net worth is assuming that it is all about the assets you currently own. Now, people who have the highest success rate with money agree that money is not what makes one wealthy, but what he or she knows about money and assets.That comes to mean net worth is not only about capital but particularly about money generators.

Precisely, there are four areas to define someone’s networth. The first is the best known which is money itself. The second consists on skills. I everything you have disappears, this expertise you may have will keep you wealthy no matter what.
The third one is influence. Sharing your story, your message and thoughts give immense potential leverage. And last but not least, health. This one is obviously priceless.

‘A financial curriculum 2.0.’ you could say. The difference with the traditional one is that this allows you to predict future with higher accuracy. So the next time you review your data and numbers, do not forget including this principles nobody told us in school.