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Orange on Green: Mastering the Art of Finance PDF Print E-mail
Written by Tom and Brad Cunningham   
Thursday, 13 May 2010 21:40

Orange on Green: Mastering the Art of Finance
The simplicity in a classic children's book serves as an analogy for taking control of your finances, and our financial gurus give an art lesson this week to help you paint a money masterpiece.

Whether as a child learning to read or a parent sharing literature with a child, many of us have been exposed to one of the classic children's books Little Blue and Little Yellow. Written in 1959, author and illustrator Leo Lionni uses basic art colors to create a unique and stimulating picture book. For those new to the book, the story tells of little blue and little yellow, the best of friends, one day coming together to make green. Lionni tells of their many adventures as green and does so in a very simple way — just using color.

 

In the story, little blue and little yellow blend into a new color. Similarly, we find three elements that create a new 'color' within the art of finance:

 

1. Education — Only through knowledge can you increase your competency of how money works.

2. Communication — Once literate, you can communicate effectively in your household with your spouse or partner, which provides proper modeling for your children.

3. Accountability — With the first two elements in place, you can set measurements and hold yourself accountable to financial guidelines.

 

These three elements fused together create that new "color" — financial literacy. It is really very simple. As Lionni was able to effectively get the message across with simple color, we have found the key to financial success lies within these basic essentials.

 

Can it really be this easy? Many of us see finance as intimidating and overwhelming. With so much financial information out there, how do we know what to believe? What is the right thing for you? We have found it truly can be clear-cut.

 

Seek education from credible sources. Be watchful of the many money misconceptions that currently exist. Only then can you be informed to make the right decisions for you.

 

Communicating in the household actually is effective once you are financially literate. Make sure to talk and plan together consistently as adults and with your children.

 

Hold yourself accountable to financial disciplines. Set rules in the household regarding cash flow, savings and debt management.

 

Keep things simple by focusing on the three components and your new color will take a beautiful form.

Tom And Brad Cunningham -

Tom and Brad Cunningham are Cincy Chic's financial columnists, and they are the co-founders of Orangefinancial. If you want to share your comments or inquire for more information, e-mail them at This e-mail address is being protected from spambots. You need JavaScript enabled to view it and This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

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