Getting Started

In my opinion, personal finance isn’t something that you do for a few weeks, months or years until you’re financially well off – and then stop. To be truly successful at building wealth, it needs to become a lifestyle. Something you just do. Like breathing. … [Read more...] about Financial Planning Continuous Improvement

I like principles. I like rules. I don't always follow them, mind you! And I certainly know when to purposely break them, in order to get where I need to be, or do what I need to do. However, I like getting knowledge that has been 'tested' out by people who came before me. Knowledge transferred saves me having to learn lessons the hard way. … [Read more...] about Eleven Elementary Rules of Personal Finance

Breaking out your net worth into short-term vs. long-term components You can break out assets and liabilities into short term/liquid and long term/non-liquid. This allows you to differentiate between assets that could be accessed quickly and without penalty (market or regulation) and those longer-term assets where we would pay a price penalty to convert them to cash … [Read more...] about Net Worth Components

Wealth and Net Worth, for all intents and purposes, are synonymous. In personal finance, it is the single most important metric to track. It is the yardstick by which we measure our progress. … [Read more...] about How to Calculate your Net Worth

Part of the reason I’ve taken on this project is to try and distill the seemingly endless amount of information available on this topic into the essential as distinguished from the non-essential. To select the advice that is fundamental and indispensable to wealth creation and then expound on that information to develop a repeatable path applicable to anyone. … [Read more...] about Personal Finance in 100 Words