The Money M.O.R.S.E. Code is the framework we use to focus on our finances each week.
Here’s the breakdown:
1. Money Time – schedule 25 minutes recurring weekly and mark it “busy”. (HARD STOP at 25 minutes.)
2. Observe Your Money (5 min) – without judgement look at your trailing 30 day spending, your net worth statement and your Financial Zen numbers.
3. Raise Your Financial IQ (10 min) – Bad financial decisions come from a lack of knowledge, not a lack of intelligence. Read a good personal finance book. Read the back catalog of FZ Dailies. Listen to a podcast. Just feed your brain money knowledge for 10 minutes.
4. Strategize (5 min) – Develop strategies to improve your money situation.
5. Execute your strategy (5 min) – Take action! Open that account! Transfer the money! Increase your contributions!
If you haven’t done yours this week, then hop to it!
Nicole and I did ours a couple hours ago!
