We are now officially halfway through the series. In last article, we discussed protecting your family from hardship through building a one-month emergency fund and acquiring adequate insurance. I challenged you to review your existing insurance policies and to start building an emergency savings worth one month of your income. In this article, we will discuss what debt can do to your life. Continue reading “Personal Finances – Phase 7: Understanding Debt”
In my last article, we discussed the steps and things to consider when creating a balanced budget. I challenged you to create a budget, it you haven’t already done so. In this article, we will discuss how to overcome difficulties which will inevitably come so that you can follow through on the commitments you made when you created your budget.
In last article, we discussed prioritization of money and changing your mindset into using a faith based approach in spending. In this article, we use the information we have collected, and the proper mindset to develop an aggressive, yet realistic budget to achieve your financial goals.
Last week, my wife and I started a 12 part seminar on personal finances. This program is for those of us who want to increase independence, become unified as a family in temporal matters, and improve personal responsibility. During the next several weeks, I plan to regurgitate what I have learned, incorporating with my thoughts. In doing so, I hope to reinforce what I have learned and be of some benefit to you. Continue reading “Personal Finances – Phase 1: Self Reliance”
As a father and husband you have to wear many hats. You have to be the protector, the teacher, the strong ox, the one who guides them etc. One thing I’ve also realized is how you also have to be in charge of the finances of your family and how you need to be the one who green lights all expenditures.
This is part two of a multi-part series which discusses a method Ben Franklin used to develop his character as a man. Last week, I covered the first two. Today we’ll go over the next three: Resolution, Frugality, Moderation. Franklin provided a quick explanation that I’ll provide as well as my own interpretation, as well as how to employ these virtues in your life, and how it relates to red pill theory as a whole.