Be The CEO And CFO Of Your Life: Manage Your Money Like A Business

One statement that has been continually bouncing around my head since I read it is, be the CEO and CFO of your life.

I first read this CEO (Chief Executive Officer) and CFO (Chief Financial Officer) call to action from JD Roth of Get Rich Slowly on his former/other blog Money Boss.

As soon as I read that on JD’s Money Boss 101 page, I immediately nodded my head in approval and did a small fist pump.

It was such a powerful, yet simple statement on taking control of your money and life. The focus of the idea behind be your own CEO and CFO was to manage your money as if you were a small business.

JD nailed it with this statement. I couldn’t agree more and wish I’d taken this mindset in my teens and early 20’s. I definitely would have avoided the stupid money mistakes I made. Or found the personal finance resources and content that saved my financial life sooner.

Before we dive into JD’s core idea and build out further on how we can apply this concept in our own lives, let’s quickly look at what a traditional CEO and CFO is.