A Quick Recap First Now that we have learned about determining your Net Worth, creating your Cash Flow Statement, preparing your Safety Account, setting your Financial Goals, having a Spending Plan and knowing all about…
The Morbid Truth Yes, it’s another morbid topic. We’ve talked about life insurance and its different types. Now we’ll know about another type of insurance which is Disability Insurance. But before that, let’s imagine a…
What is Life Insurance? Now that we already know the types of risk, let’s focus on one risk that most people don’t even think about: the risk of losing their life. Actually, I do not…
Ways to Handle Risks In a previous post, we talked about risks and what it means to you. So know that you understand what risks are, the next question is “How do I handle risks?”…
What are Risks? It’s never enjoyable to think about risks. However, if you get the big picture and you really understand risk management, you will actually feel more secure and more relieved. Do you know…
Plan How You Spend Do you plan how you will spend your income? Do you treat your savings as an expense? Do you pay yourself first or do you pay credit card companies, electric companies,…
How to Buy Happiness If you have read my post about how money can buy us happiness but you’re still not convinced that it’s true, read on. I want you to meet Michael Norton, a…
Where are you? After getting acquainted with your personal net worth, how your cash flows, and building up your safety fund, you now have concrete evidence as to where you are financially. If you haven’t…
Safety is a Priority Most people call it “Emergency Funds“. But me, I prefer to call it “Safety Funds“. Why? Because whenever I hear or read the word “Emergency“, I automatically associate it to something…
Your Income vs Your Expenses Hooray! Now that you’re done with your Net Worth Statement, it’s time that you take a look at your cash flow. Let’s start again by defining what cash flow is. Investopedia states:…