Here is the updated cash flow for January 2008. It is similar to the last one (though arguably more visually appealing) with the addition of the “changes in debt” category. Since I paid off the last of a credit card I have less cash available. If I had taken out a loan than I’d have [...]
My cashflow for January 2008: I need to make a few changes to the visual cashflow. It doesn’t reflect changes in debt via repayment and taking out new loans very well. In this case the last payment on a credit card looks like a huge outflow of cash. This is technically correct but I’d rather [...]
My last post covered the balance sheet as a way to get a look at your Net Worth (or accumulated wealth). That is as of a specific point in time since you expect the various levels of your assets and liabilities to change over time (stock prices changing, paying off debt, getting a paycheck, etc). [...]
Before I can begin to implement my financial plans, I need to take stock of my current situation. Although I regularly check my various accounts, I do not have a single source that breaks everything down. Companies use a balance sheet for just such a purpose and so I have decided to arrange my finances [...]
With so much news about the U.S. being in a recession, I thought I would chime in with some old-fashioned facts. So what is a recession? Two consecutive quarters of decline in real GDP -EconModel.com I would not call the current state of affairs a full 6 months of negative GDP growth. In face several [...]
To continue my introduction after Bernanke so rudely interrupted, I would like to share my plan to achieve financial freedom and update the steps I take to achieve it as they happen. Hopefully I’ll be able to share some useful knowledge and I’m sure I’ll learn a few things on the way. Please feel free [...]
Bernanke hates Valentine’s Day. Why else would he say such things? There’s a very good reason that Greenspan, aka the former most powerful man in the universe, was always “cautiously optimistic” about the economy. The reason being that his predictions were self-fulfilling. Benny boy, by declaring doom and gloom you cause the stock market to [...]
The internet is a wonderful resource for finance. Up to date quotes are available at numerous discount brokers (I use Scottrade) and slightly delayed or historical data is available for free at numerous sites such as Yahoo Finance and Google. Even The Personal Finance Blog details one man’s path to a comfortable retirement. What I [...]