One of the most powerful concepts in your personal financial success is net worth. Simply put, your net worth is the difference between the value of what you own and the value of what you owe. By tracking it regularly and taking actions to increase it, you will have an exceptional foundation for your personal financial future. There are three simple steps for calculating your net worth in a way that will make it highly useful for your financial planning.
Winning is what everybody wants to do. There is a growing view of winning and success that recognizes the importance of discipline and routine. A phrase that has emerged is that “discipline is freedom.” This seems counter-intuitive since most people associate freedom with being able to do what you want and discipline with being rigid and unspontaneous.
In the context of news and media, there is a popular belief that journalists and reporters are ethically bound to avoid injecting any of their personal opinions into their work. This assumption leads many people into a blind belief of anything that is reported by the news agencies. The unfortunate impact of this phenomenon is that so many people accept what is reported to them in the news without any skepticism or question that it is quite possible for the masses to be manipulated.
In the world that we live in, total separation of thought and action is not possible. This means that the personal views & opinions of news journalists cannot be prevented from reflection in their actions. Because of this, objectivity is really a myth that is propagated to create a false sense of trust in news reporting. The unfortunate result is a large amount of people who allow the television, newspaper, or radio to do their thinking for them.
If you ask most people whether they would like to earn a pay raise, they would answer yes.
If you ask them whether their boss is likely to give them a pay raise, they would most likely answer no.
However, there is a reliable way to give yourself an after-tax pay raise in any year and any economy. This fool-proof strategy is to track your spending and tighten-up your budget, regardless of your pay.
Continue reading “Giving Yourself a Pay Raise”
Dear Internet –
We haven’t spoken for a while …
A while back, I used to blog quite regularly. (Who am I kidding – it was “A long time ago, on a website far far away”)
I found the experience to be cathartic and enjoyed the process of using writing as an outlet for my thoughts and feelings. However, life got in the way … so I stopped.
The Saga Continues