Financial Foundations 2: Cash Flow
In our last post, Financial Foundations 1: Balance Sheet, we introduced the concept of net worth and showed you how to track your financial progress and set goals using a monthly balance sheet. Today, we'll discuss how to reach these goals by tracking your cash flow....
Financial Foundations 1: Balance Sheet
Once you’ve established your “20 Mile March,” how do you track your progress along your journey? The key tool is your personal balance sheet. Your balance sheet tracks your assets and liabilities so you know your net worth at any point in time. Here’s how it works:...
Planting the Seeds
[vc_row][vc_column][vc_column_text]Have you tried teaching your children about money and wonder if these efforts make an impact? As I happily learned, these lessons do stick. According to the FDIC, "Parents are the primary influence on a child’s future financial...
The Power of the 20 Mile March
[vc_row][vc_column][vc_column_text]Imagine you entered a great race—1,400 miles round-trip to the South Pole. You will face gale-force winds and temperatures as low as 20 below zero. How would you prepare your team to finish this journey faster than your competitor?...