The proper financial order should go:
1. all monthly income.
2. minus total monthly expenses.
3. = what is leftover to spend.
4. Put leftover amount towards first financial priority.
5. Carefully record the results.
6. Repeat until you have...
From where I sit, I can almost clearly see why it is almost impossible to keep up with simple accounting of our expenditures and to keep a daily log of our actions and thoughts.
It’s because we follow the trail of unsolvable riddles.
Here...
This is the age of the highly distracted mind.
We literally encounter thousands (3,000 from the last article I read) of new advertisements that were designed to grab our attention each day.
But there is an even more fundamental difficulty in...
Of all the problems in life, these are the fundamental ones in terms of financial health.
The question is how to permanently lower the costs for these three things:
1. living expense (mortgage and utilities).
2. Food.
3. Car payment and maintenance.
Seriously...
Why can’t I move forward?
I can see now that one of the reasons we’re stuck in our financial mess is because of how we interpret the meaning of that mess. In other words, when we see the mess, we almost immediately turn towards character...
Not writing down your financial records, no matter how small, is similar to meeting tribes that do not read or write.
Many human tribes have existed for thousands of years without a written history. No one knows their past, except for the oral...
Controlling your finances is like being a captain of a ship.
Sometimes you find yourself far away at sea, and far off you can see a storm approaching.
You know it’s going to get rough, in fact you might not make it.
If you knew that you’re...
The power of dividend reinvestment.
It is often easy to ignore how a small amount can make a real difference. However, when you reinvest the dividend amount you receive from your investments, even though they may be a small amount, they can...