Cash Flow & Net Worth Trackers

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I made a cash flow statement template available for download in a previous post and it’s been a popular download. Recently, I realized the template is in an older file format, so I created templates in multiple file formats and linked to them below. Similarly, I previously posted a net worth tracking template in an… Continue reading Cash Flow & Net Worth Trackers

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When Compound Interest Empties Your Wallet

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“Compound interest is the 8th wonder of the world. He who understands it, earns it; he who doesn’t, pays it.” – Albert Einstein Compound interest is a financial concept I really, really wish was emphasized more in the United States’ education system.  Of the many subjects taught in school, all of them with some value… Continue reading When Compound Interest Empties Your Wallet

Money Lessons from the Pandemic

The COVID-19 pandemic has been a sobering experience, to say the least:  Lockdowns, supply shortages, skyrocketing unemployment, a stock market plummet, and, worst of all, over 58,000 deaths in the U.S. caused by a virus that is not fully understood.  I’ve been fortunate to remain employed and maintain the same income, but if the lockdown… Continue reading Money Lessons from the Pandemic

Personal Finance Foundation – Part 4 – Invest, Invest, Invest

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Having examined how you can grow net worth by reducing spending and growing income, we now come to the most powerful tool for growing net worth: Investing. Reducing spending produces quick wins in growing net worth, but there’s only so much cost cutting you can do until you are living on a bare bones budget.… Continue reading Personal Finance Foundation – Part 4 – Invest, Invest, Invest

Cyber Securing Your Finances in Five Steps

If you’ve been paying attention to the news the past year or two, you’ve no doubt read headlines about organizations having their computer networks infected, encrypted, and held hostage by hackers seeking a ransom.  Ransoms have reportedly ranged from thousands of dollars to millions of dollars, sums hackers know to seek from organizations that have… Continue reading Cyber Securing Your Finances in Five Steps

Personal Finance Foundation – Part 3 – Grow Income

This is the third part of my Personal Finance Foundation series that serves as a starting place for those who are looking for an organized way to approach their finances.  It’s easy to find personal finance articles, but it’s much more difficult to find an organized approach to personal finance.  To read Parts 1 and… Continue reading Personal Finance Foundation – Part 3 – Grow Income

Personal Finance Foundation – Part 2 – Easy Money: Spend Less

This is the second part of my Personal Finance Foundation series that serves as a starting place for those who are looking for an organized way to approach their finances.  It’s easy to find personal finance articles, but it’s much more difficult to find an organized approach to personal finance.  To read Part 1 of… Continue reading Personal Finance Foundation – Part 2 – Easy Money: Spend Less

Personal Finance Foundation – Part 1 – A Starting Place (Calculating Net Worth)

So you’re on the journey to get your financial house in order.  You first need to know where you’re starting.  You do this by measuring your net worth.  Net worth is calculated by adding up your assets and then subtracting your liabilities.  A very, very simple example: You have a savings account balance of $10,000… Continue reading Personal Finance Foundation – Part 1 – A Starting Place (Calculating Net Worth)

What Can You Learn from the Subprime Mortgage Crisis?

It’s hard to believe time has passed so quickly.  Ten years ago the subprime mortgage crisis led the U.S. economy into a severe recession and carnage ensued.   Many people lost their homes along with huge portions of their retirement savings.  Credit markets froze and taxpayer money was used to purchase toxic assets from the… Continue reading What Can You Learn from the Subprime Mortgage Crisis?

Lending Money – Advice from Scripture and the Catechism

At Mass on last Sunday, February 19th, the following passage from the Gospel of Matthew caught my ear: Give to the one who asks of you, and do not turn your back on one who wants to borrow. This passage stood out to me because at first glance it stands in contradiction to another passage, Proverbs… Continue reading Lending Money – Advice from Scripture and the Catechism