Create your personal statement of net worth

Financial Planning

A statement of net worth is a fancy term for finding out the value of all your stuff. The formula for calculating net worth goes like this; assets – liabilities = net worth… simple, right? Okay… maybe easier said than done, but trust me… the process of building your own personal statement of net worth… Read More

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Get rid of those credit cards

Financial Planning

This is one in a series of 10 posts to help you get, and remain, financially healthy. It’s best to start at this post. [click here] Let me start by saying “I am not one of those who thinks you should have zero credit cards. But I am of the mindset you do not need… Read More

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Setting up and evaluating your retirement accounts

Investing, Retirement Planning

This is one in a series of 10 posts to help you get, and remain, financially healthy. It’s best to start at this post. [click here] Okay, so far we’ve calculated your Net Worth, built a Statement of Cash Flow, plugged those spending holes, created a debt management plan, created a plan to build an… Read More

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Take inventory of your debt and pay that stuff off… and fast!

Financial Planning

This is one in a series of 10 posts to help you get, and remain, financially healthy. It’s best to start at this post. [click here] If there is anything that will keep you from building wealth it is debt. Think of debt this way… you’re a track star running the race of your life.… Read More

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Plug those spending holes

Financial Planning

This is one in a series of 10 posts to help you get, and remain, financially healthy. It’s best to start at this post. [click here] Okay… now that you have a cash flow statement, take some time and study it. Are you spending way too much on that coffee? What about going out to… Read More

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