Personal Financial Plan – Phase 5 – Paying Yourself First

August 24, 2009

In order for myself to be successful blogger, I have to write. Since the written word is my chosen form of communication, there is nothing more important in my day than the act of writing. I therefore arrange my schedule around time for writing. The least important tasks like checking email, non-urgent callbacks, marketing, accounting [...]

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Personal Financial Plan – Phase 4 – Saving For Your Future

August 21, 2009

“For all long-term investors, there is only one objective— maximum total return after taxes.” – Sir John Templeton I wish I could tell you that the 15% taken out of your paycheck, about 7.5% from you and 7.5% from your employer, will support you when you’re old. The concept of Social Security taxes, or FICA [...]

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Personal Financial Plan – Phase 3 – Emergency Fund & Goal Setting

August 19, 2009

Don’t become a wandering generality. Be a meaningful specific — Zig Ziglar It’s Phase 3 of your personal financial plan, where you finally realize there is a purpose to all this hard work. Paying off debt feels good, but it’s not something you want to do your whole life. Your first step in this phase [...]

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Personal Financial Plan – Phase 2

August 17, 2009

My closest is a great example of a project that went and will probably stay unfinished. I have a pile that needs to go to goodwill, books that need posting on Paper Back Swap, wires that I’m not sure of their purpose, and unfortunately a lot more random things. When I started the project of [...]

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Personal Financial Plan – Phase 1

August 14, 2009

You don’t need a financial planner or a PHD to turn your financial life around. All it really takes to get out of debt and start building wealth is to take control in areas that you have control over. This is the beginning of a series, where I will take you through the basic phases [...]

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