Monthly Archives: January 2011

Basic Financial Literacy – Part 8

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Philanthropy The American Heritage Dictionary defines philanthropy as the effort or inclination to increase the well-being of humankind as by charitable aid or donations. You may ask what does philanthropy have to do with financial literacy?  There’s several answers that … Continue reading

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The Curve

Getting to know The Curve and Flow There’s lot’s of numbers in personal financial planning, so it can get overwhelming fast.  To keep the “overwhelmed factor” in its cage I hooked up with my good buddy and ad man extraordinaire … Continue reading

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Basic Financial Literacy – Part 7

Government No discussion of the personal finance environment would be complete without considering government, especially its economic attributes and their impact. A good place to start this explication would be with defining public goods. These are items whose consumption is … Continue reading

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Basic Financial Literacy – Part 6

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To spend today or spend tomorrow that is the question? I’ve created the formulas below to help in considering the question. For any given period of time like a month or year: 1) Available to consume (ATC) = Income – … Continue reading

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Basic Financial Literacy – Part 5

Complexity (path = personal finance/environment/reality/natural_forces/complexity) I don’t want to belabor complexity as an environmental factor because it’s obvious. I just want to arouse in you a certain consciousness about it. Think of how simple life as an infant was.  Eating, … Continue reading

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Basic Financial Literacy – Part 4

In Financial Literacy 1, 2 and 3 I discussed scarciTy, creativiTy and the first component of realiTy time, environmental factors all to which personal finance is subject.   In the next several posts I’ll be discussing what I’ve named the … Continue reading

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Top of the Curve

In my posts on the Curve and it’s components I talk a lot about “the top of the curve,” the point where the curve begins moving down and to the right. In personal finance terms it’s the time we no … Continue reading

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Keeping Your Eye on the Ball

If I had to choose the most important component of personal financial planning it would be tracking. By tracking I mean the willful act of orienting oneself relative to his curve. The more habitual and routine the act the greater … Continue reading

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Basic Financial Literacy – Part 3

Fin Lit – 1 & 2 covered the first two Ts of the personal finance environment, scarciTy and creativiTy.  This post begins discussing the third environmental factor, realiTy which I organize into the buckets that follow: -Time -The Natural Forces … Continue reading

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Compound Interest – The Eighth Wonder of the World

What did Albert Einstein, Bernard Baruch and the Baron de Rothschild have in common? They all said that  “Compound interest is the Eighth Wonder of the World” “‘Wonder”  means something awesome and inspiring; think Grand Canyon, the Taj Mahal, and … Continue reading

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