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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
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
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
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
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
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
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
The idea of budgeting is scary to most people. It’s charged with trepidation and misconception. Most think it’s time-consuming and complicated. I liken it to dieting, no one really wants to admit they have to and the few who do … Continue reading
In Fin Lit -1 we discussed the first of the 4 Ts, scarciTy. This post tackles the second environmental factor, creativiTy. There is a unique unbreakable connection between the two albeit a paradoxical one. Scarcity feeds creativity. The knowledge … Continue reading
To be literate about personal finance one needs to know a bit of economics. 1st to the big question! Tick Tock……Tick Tock……….Tick Tock………. If they were we wouldn’t need to worry. We could get anything we wanted any time we … Continue reading
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