How would you like to learn how to organize all your financial documents and live rich? Better yet, what if I showed you how to efficiently classify all your documents into different categories, which in turn will alleviate all your money problems? If any of these questions interest you and you are ready to change your life, you may want to continue reading.

I know! The very idea of ​​devising a system to organize all your financial documents is a task that we tend to put on the back burner. Who wants to spend the weekend rummaging through documents involving money and the lack of it? Although this process is daunting, it is probably the most important thing you could do in your life. Not only that, it can take you from average to rich (or your definition of rich). If you’re always confused about where your money is going and need to finally stop it from controlling your life, then this is for you. If you live paycheck to paycheck and are constantly afraid of getting fired, then this is for you? If you are not sure what will happen to your family after you die, then this is for you. And finally, if you are tired of looking for a “get rich” system and are ready to discover a system (created by you) that really works, then this really is for you. Just remember, this is a process and it will take some time, but it will be worth it in the end.

Items you will need:

• 11 hanging folders
• 40-50 file folders
• A glass of wine (optional)

Ok, let’s begin!

Hanging Folder #1 Tax Returns

This folder will have 8 file folders where each folder will house all tax return documents dating back 7 years including this year (2009 – 2016). Documents include W-2, 1099, 1040 EZ and etc… you get the picture! For example, folder 1 will be labeled 2009 and folder 8 will be labeled 2016. It’s important that you find all your tax returns and put them in this folder because that’s usually as far as the IRS can go when they decide to audit you. .

Hanging Folder #2 Retirement Accounts

This folder will hold all of your retirement account statements from your IRAs to your 401K. Depending on the number of accounts you have will determine the number of file folders you need to add. For every account you have, be sure to keep all quarterly statements you receive. This helps you keep track of what’s happening with your accounts and how your money is growing.

Hanging Folder #3 Social Security

This folder will only hold your most recent social security statement. If you are not receiving social security as of 2014, you should receive statements 3 months before your birthday. For more information, visit https://www.ssa.gov or contact them at 1-800-772-1213.

Hanging Folder #4 Investment Accounts

This folder will contain all your investment account documents. For each account you have, create a file folder.

Hanging Folder #5 Savings and Checking Accounts

Create separate file folders for both accounts, if applicable. Because it’s best to update your statements monthly, at the end of the year you should have 12 statements for every account you own. If you bank online and prefer the paperless route, I recommend placing a note in this assigned account folder stating that you saved that month’s statement online.

Hanging Folder #6 Household Accounts

This folder will contain file folders for your home title, home improvement (all receipts for all home improvement jobs), and mortgage (monthly statements). Be sure to constantly review your mortgage statements so you’re not surprised by charges you don’t know about. If you are renting, this folder will contain your lease, your deposit receipt, and your rent payment invoices.

Hanging Folder #7 Credit Card Debt

The terrifying “D” word. In this folder, you’ll create file folders for each credit card you have and house all your monthly statements. As mentioned above, if you choose the paperless route, be sure to record your monthly statement and keep a note in your binder. This allows you to see all the charges on your accounts and shows you their progress or regression.

Hanging Folder #8 Other Liabilities or Loans

In this folder, you will include all of your loans with the exception of your mortgage or credit card debt, and you will put each loan in its own individual file folder. These loans include: personal loans, auto loans, school loans, you get the gist!

Hanging Folder #9 Safe

This folder will include all of your insurance policy statements, including auto, life, health, homeowners, etc.

Hanging Folder #10 Will or Family Trust

This folder will hold a copy of your will or trust. If you haven’t created a will, do so now! You’ll thank me later.

Hanging Folder #11 Children’s Beads

If you don’t have children yet, you don’t have to worry about this folder. If you do, this folder will house records of college savings accounts and investments for your children.

Hurrah! We are finally at the end. How does it feel? It may seem a bit overwhelming, but I promise you it’s all worth it. Whenever you start this system, you will already have made a difference in your life. Remember that you don’t have to do it all in one day and it will take some time to master. If you have any questions about any steps or just need help creating one, feel free to contact me (visit Rescuemyspace.com) Also, be sure to read Smart Couples Finish Rich: 9 Steps to Create a Rich Future for You and Your Partner by David Bach. I have used your system (mentioned above) for 1 year now and it has transformed the way I look at money and has allowed me to know how my money works for me. I’m on my way to getting rich $$$.

“You don’t have to be rich to live rich”

Be wonderful!