A budget mentality is a nice tool when you are starting out with money management. But eventually, you need to:
Develop a net worth mentality.
This is about the long term, and looking at the big picture of your overall finances, rather than just managing them month to month. My guest post on Moolanomy looks at the […]
Not too long ago, I posted about the idea of using net worth to set goals for your personal finances as opposed to always being concerned about your budget.
In a guest post for Moolanomy (yes, I’ve been hitting up the guest posts pretty hard), I expound on the idea of a net worth mentality v. […]
Trent, over at The Simple Dollar, has a very interesting post up regarding net worth. He looks at how to move from having a budget mentality to developing a mentality that focuses on net worth. This got me thinking about the differences between making a budget and focusing on net worth.
Budget v. net worth
While a […]
One of the best places to start out when developing a plan for yielding wealth is your net worth. Taking the time to figure your net worth is an exercise in good financial planning. Why? Because it lets you know where you are at right now. This is important. In order to plot out where […]
Taking finances personally
Written by Miranda Marquit [email] for b5media.
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