Highlights from Warren Buffet’s Annual Letter

Each year, we all (or at least I) eagerly anticipate Warren Buffet's Annual Letter to Shareholders. It's such an awesome read in so many ways! Not only does it give a great summary of what happened over the past year at Berkshire but it also provides amazing financial advice, a good read on the economy …

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Calculate Your Net Worth Quarterly

I believe you should calculate your personal net worth quarterly.  When you calculate your net worth, you are acknowledging where you are financially.  When you re-calculate it, you are coming face-to-face with how you are doing in improving your finances. As you begin to track your net worth over time you will realize how you …

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Toddlers and Dollars: Teaching Toddlers about Money

Teaching your toddler about money may seem like an odd thing at first. How much can a person that can barely walk or talk really learn about something as complex as money? I think you will be surprised! I believe toddlers can learn a lot about money and how it works. Our toddlers are amazingly …

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Focus on Your Balance Sheet

Visit the full post to hear the Podcast! You will more often hear people talk about how much money they make (aka, their income) than you will hear those same people talk about their net worth.  These are very different things.  You should focus on your personal net worth versus how much money you bring …

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Financial Stage 3: Thriving

Are you in Stage 3: Thriving? You are in Financial Stage 3, Thriving, once you have no consumer debt and have saved your Financial Independence Fund. In this stage, you are focusing on building your net worth and being generous. You are still following your financial plan, including a budget. The biggest change is going …

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Financial Stage 2: Stabilizing

Are you in Financial Stage 2: Stabilizing? You are at Financial Stage 2, Stabilizing, once you have calculated your personal net worth, developed your financial plan and budget, and you are working on a positive money mindset.  You will remain in this stage until you have achieved a few more financial milestones.  Financial stability is …

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