Organizing your finances enables the creation of additional wealth

What does it mean to organize your finances in order to create more wealth? As you have gained greater control of your spending and borrowing, and have begun planning and saving for the future, you have naturally been led towards more opportunities to create wealth. As this new wealth accumulates, your overall financial picture, though perhaps better understood by you now, is also becoming more complex.
Without organization, it is impossible to continue painting that picture because you will not understand how to order and control some of the complex issues that can surround wealth creation and retention within that big picture. The image on the right of a “junk” drawer helps further illustrate why Principle 8 is so important in light of everything else you have learned thus far. If you’re like most people, you probably have a “junk” drawer in your home where you keep odds and ends. You most likely store items in this drawer because you haven’t decided where an item really belongs and figuring out where to put some things is overwhelming and time-consuming. Consequently, nothing in the drawer ever gets properly organized.Most people have a “financial junk drawer” as well, like the one illustrated here. If you were to examine your own financial junk drawer what would it look like? Perhaps it would resemble this picture where a mishmash of important financial and legal documents have been tossed. Like the junk drawer in your home, this drawer only exists because you haven’t taken the time to order and arrange your important financial documents or
to sort and review them as necessary.