Not a bad couple of months overall as was indicated in my Income and Expenses, overall a couple of good months for my net worth overall. Now, it is a bit of a pain to do this monthly as some companies only offer quarterly statements and if I don’t look at some of the balances right at the end of the month, it is a bit of a pain. So from here forward, I plan on only doing quarterly updates – so December’s update will be available in January. Continue reading
Month: November 2014
Income and Expense Update: September & October 14
Back to getting my regular financial updates in, starting with income and expenses before updating my net worth. This update contains the past two months separately as I did not do an update in October for September. Overall I feel that the months went well and I am very happy with our overall spending while maintaining a great lifestyle.
The Most Important Personal Finance Concept?
There are many important factors to consider in personal finance. Opportunity cost, rate of return, interest on loans or investments. But if you asked me to select the single most important factor in making decisions, what would my answer be?
My answer would be cash flow.
This is really what all of our efforts boil down to. Generating the largest amount of free cash flow so that we can retire when we want to. Now there are really three ways to increase your cash flow, assuming you have debt. One is to decrease reoccurring expenses, another way is to invest, and lastly pay off your debts. So lets go over some of these areas and talk about the advantages and disadvantages of these things when trying to increase the spread in cash flow. Continue reading
Fail October & Investing Update
As you may have noticed, it has been a bit since I have been active in blogging. Now there is really no good reason, but that time is already gone. Now once I get my regular computer back working I will have all the stuff to update my income and expenses for the past two months, as well as update my net worth. With that said I have updated my Portfolio showing the stocks purchased from the ROTH IRA transfer as well as my automatic Loyal 3 purchases. I hope to continue with my previous schedule with Tuesday and Thursday blog posts, resuming, today!
And I think the theme of last month had me personally a little off. I just can’t seem to post every day and while thinking about living while I am dying, I would rather live a bit more in the moment. Anyways, as of today I have found myself with some extra time in the short term so I hope to get everything up to date shortly as well as some posts set up for the future as well. Continue reading