Writing Your Investment Policy Statement

Part of a solid foundation to financial freedom is protecting yourself and your family. That means protecting your property through insurance; your health, life, and ability to earn income; and your identity. But it also means protecting yourself from financial mistakes, and the best way to do that is through the use of an investment … Continue reading Writing Your Investment Policy Statement

Protect Yourself and Your Family – Insure Yourself Against Disaster

Insurance. It's one of those things we all hate to pay for-until we need it. Only then are we extremely grateful that we have it in place. The same is actually true of all aspects of this tier - insurance, investing and financial planning, identity theft, and disability or death. None of these are pleasant … Continue reading Protect Yourself and Your Family – Insure Yourself Against Disaster

Is it Snowing or Is It an Avalance? Planning to Pay Off Non-Deductible Debt

Getting out of debt. It's a dream for many, no matter what kind of debt you might have. I'm focusing today on the first part of the second tier of financial freedom - making a plan to pay off "non-deductible" debt. What's "non-deductible" debt again? It's the worst kind of debt-the kind where you can't … Continue reading Is it Snowing or Is It an Avalance? Planning to Pay Off Non-Deductible Debt

The Pyramid to Financial Freedom – Second Tier

I've talked about setting the foundation to financial freedom by getting to know your balance sheet (net worth), cash flow (dollars in/dollars out), and your dreams. Now we're going to move on to an introduction to the second tier, and we'll spend time over the next few weeks working our way through each specific topic. … Continue reading The Pyramid to Financial Freedom – Second Tier

Know Your Cash Flow – Not a Budget

So far this week I've talked about the foundation to financial freedom, and detailed how calculating your net worth is the best starting point. Now I'll talk about pulling together your statement of cash flows. What is a statement of cash flow, you might be wondering? It's a concept companies use to do something simple: … Continue reading Know Your Cash Flow – Not a Budget