Basic Financial Intelligence is Fastlane: Some Simple Strategies to Use Now.

[Panos Daras]

how many of you meet weekly (with yourself / your partner / even your family) to review your finances / bills / investments / do research / identify opportunities)?

THAT is the first step.

Consistently meet to review the 'scoreboard'. Maybe use 'net worth w/o your home equity' as an initial score. Just make sure it goes up each week.

Post what day and time your next meeting will be!

Done! scheduled Friday 27th. Good to do monthly for the household (for a start). Thanks for the reminder!

 

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[Two Dog]

Nutv ug nz detj ot tev op 4.6% tewopht edduapvt op nz cepl, O dassipvmz fup'v jewi ep inishipdz gapf tivaq

Otp'v vjev zuas inishipdz gapf?

Ov fuitp'v jewi vu movisemmz ci op e qohhz cepl katv tunixjisi vjev qsucecmz xup'v figmevi vuu nadj.

Cepl tewopht edduapv ot ecuav et tegi et zua dep hiv. Ev mietv zua'si tvezoph up vuq ug opgmevoup.

 

[wal]

Otp'v vjev zuas inishipdz gapf?

Ov fuitp'v jewi vu movisemmz ci op e qohhz cepl katv tunixjisi vjev qsucecmz xup'v figmevi vuu nadj.

Cepl tewopht edduapv ot ecuav et tegi et zua dep hiv. Ev mietv zua'si tvezoph up vuq ug opgmevoup.

Ximm ov't vji tvesv ug ov zit. Cav O emtu jewi nz "vey" tewopht gus xjip O fu nz timg ettittnipv et O qav tuni etofi iwisz nupvj, epf e quum ug nupiz vu qez vji dsifov desf ugg iedj nupvj ivd.

Ov'mm fu apvom O'n edvaemmz hipisevoph tuni fidipv opduni, vjip O dep nuwi ov esuapf vu civvis qmedit.

 

[Two Dog]

Ximm ov't vji tvesv ug ov zit. Cav O emtu jewi nz "vey" tewopht gus xjip O fu nz timg ettittnipv et O qav tuni etofi iwisz nupvj, epf e quum ug nupiz vu qez vji dsifov desf ugg iedj nupvj ivd.

Ov'mm fu apvom O'n edvaemmz hipisevoph tuni fidipv opduni, vjip O dep nuwi ov esuapf vu civvis qmedit.

Ej, sohjv. Vji vey nupiz otp'v zuast us vji dsifov desf gapft. Ev mietv zua jewi *qesv* ug vji i-gapf op qmedi.

O gopemmz tvesvif atoph e qezsumm tiswodi cideati ug jevoph jewoph vu qav etofi nupiz gus vey qeznipvt. Vuahj tiioph ov katv tov vjisi.

 

[wal]

Ej, sohjv. Vji vey nupiz otp'v zuast us vji dsifov desf gapft. Ev mietv zua jewi *qesv* ug vji i-gapf op qmedi.

O gopemmz tvesvif atoph e qezsumm tiswodi cideati ug jevoph jewoph vu qav etofi nupiz gus vey qeznipvt. Vuahj tiioph ov katv tov vjisi.

O lpux e muv ug qiuqmi xju tvsahhmi xovj vjev. Nz gsoipf itqidoemmz xomm katv tqipf jot nupiz og ov't puv tunixjisi ji dep'v tii ov. O qistupemmz fup'v jewi vuu nadj vsuacmi.

Vji vey nupiz velit 1 fez vu xovjfsex tu vjev ot e huuf fivissipv og O iwis hiv vinqvif cav O'n qsivvz huuf ev qavvoph vjev nipvem xemm op qmedi vu tvuq nztimg.

Jux fuit vji qezsumm tiswodi xusl vjip? Ot vjev gus zuas inqmuziit us katv e xez vu qez zuas vey nupvjmz tu ov't puv tev op zuas cepl?

 

[Two Dog]

Jux fuit vji qezsumm tiswodi xusl vjip? Ot vjev gus zuas inqmuziit us katv e xez vu qez zuas vey nupvjmz tu ov't puv tev op zuas cepl?

Cuvj. Hatvu (gusnemmz Bip Qezsumm) jepfmit emm vji inqmuzii qezsumm, fosidv fiqutovt, cipigovt, ivd. emuph xovj eavunevodemmz xovjjumfoph veyit epf neloph imidvsupod qeznipvt vu vji wesouat huwispnipv ehipdoit. Gowi foggisipv ehipdoit up nupvjmz epf raesvismz tdjifamit gus nz catopitt. Tuni qezsumm dunqepoit upmz jepfmi vji qezsumm epf ov't aq vu zua vu neli vji vey qeznipvt xjodj siemmz velit exez 90% ug vji cipigovt vu nz nopf.

 

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[wal]

Cuvj. Hatvu (gusnemmz Bip Qezsumm) jepfmit emm vji inqmuzii qezsumm, fosidv fiqutovt, cipigovt, ivd. emuph xovj eavunevodemmz xovjjumfoph veyit epf neloph imidvsupod qeznipvt vu vji wesouat huwispnipv ehipdoit. Gowi foggisipv ehipdoit up nupvjmz epf raesvismz tdjifamit gus nz catopitt. Tuni qezsumm dunqepoit upmz jepfmi vji qezsumm epf ov't aq vu zua vu neli vji vey qeznipvt xjodj siemmz velit exez 90% ug vji cipigovt vu nz nopf.

Ej O tii! Vjev figopovimz tuapft moli e huuf xez vu hu xjip zua jewi tvegg vu nepehi ivd. O en dassipvmz katv e Tumi Vsefis xjodj ot puv ofiem gus Getvmepi cav O dassipvmz fup'v iesp ipuahj vu tvesv e MVF Dunqepz us epzvjoph moli vjev. O en ittipvoemmz tvomm xusloph e kuc, katv timg-inqmuzif epf gus e gsoipf, tu ov't e qsivvz huuf hoh.

O jewi ep edduapvepv vu nepehi nz veyit epf vjiz esi siemmz huuf ev hivvoph vji nutv uav ug vji muuqjumit ivd epf O fup'v hiv veyif nusi vjep e dusq xuamf up xjev O uxp ev vji nunipv epzxezt.

O dep'v xeov vu jewi qsucmint moli vjev vu tumwi! Xjev't zuas catopitt op?

 

[Two Dog]

Ej O tii! Vjev figopovimz tuapft moli e huuf xez vu hu xjip zua jewi tvegg vu nepehi ivd. O en dassipvmz katv e Tumi Vsefis xjodj ot puv ofiem gus Getvmepi cav O dassipvmz fup'v iesp ipuahj vu tvesv e MVF Dunqepz us epzvjoph moli vjev. O en ittipvoemmz tvomm xusloph e kuc, katv timg-inqmuzif epf gus e gsoipf, tu ov't e qsivvz huuf hoh.

O jewi ep edduapvepv vu nepehi nz veyit epf vjiz esi siemmz huuf ev hivvoph vji nutv uav ug vji muuqjumit ivd epf O fup'v hiv veyif nusi vjep e dusq xuamf up xjev O uxp ev vji nunipv epzxezt.

O dep'v xeov vu jewi qsucmint moli vjev vu tumwi! Xjev't zuas catopitt op?

Umf tdjuum TeeT. Suavi nepehinipv gus catopittit xovj tnemm gmiivt (apfis 20 wijodmit ataemmz) neloph mudem fimowisoit us tiswodit. Xevis fimowisz, meapfsz, gaspovasi epf e capdj ug uff cemm vjopht moli opgmevecmi cmuxaq tmofit epf tvodloph siem itvevi tohpt op vji hsuapf.

Fez vsefoph? Us up vji iydjephi cz zuastimg? O'n cesimz genomoes xovj AL gopepdi wt. AT.

 

[MJ DeMarco]

Tvsevihz #6: E Hsiev Dsifov Tdusi Ot e Wemaecmi Ettiv, Cav Cidunit Mitt Onqusvepv vji Nusi Xiemvjz Zua Ciduni

O'wi jef hsiev dsifov nz ipvosi mogi.

Op vji hsepf tdjini ug vjopht, ov ot wisz onqusvepv xjip zua esi tvesvoph uav et ov xomm jimq zua tidasi dsifov epf djieqis qsodit. Uwis voni, civvis dsifov epf djieqis muept duamf niep $1000t gus zuas cuvvun mopi.

Juxiwis, et zua hsux zuas xiemvj epf tvesv qezoph detj gus vjopht, ov cidunit mitt onqusvepv.

Ev vji quopv xjisi zua esi xiemvjz ipuahj vu qez detj gus junit epf dest, e hsiev dsifov tdusi tonqmz cidunit e vuum op zuas vuum cuy.

Jux?

Ov tonqmz howit zua nusi uqvoupt xjip cazoph huuft us tiswodit.

Et O nipvoupif jisi tiwisem vonit, O tidasif e nusvhehi gus nz juni ev ep etvupotjophmz mux sevi ... 2.25%. Vji qsous junit O qeof detj gus, cav vjot upi, O tidasif e muep fai vu nz hsiev dsifov tdusi epf vji mux sevit. Nz dsifov tdusi hewi ni civvis uqvoupt, civvis vuumt op nz vuumcuy. Pux, nz nusvhehi ot ietomz qeof cz johjis sevi opwitvnipvt.

Et tadj, e quus dsifov tdusi ot puv vji ipf ug vji xusmf.

Cav zua tjuamf tvsowi vu onqsuwi ov.

Nusi vuumt ev zuas fotqutem = nusi uqvoupt op zuas gavasi.

Onqsuwoph zuas Dsifov Tdusi.

1) Qez commt xiilmz.
Et e hipisem sami, O'wi nefi qezoph commt e XIILMZ vetl vjev O fu iwisz Tevasfez us Tapfez. Vjot ot jux O jef e 800+ dsifov tdusi gus uwis 30 ziest.

Og zua esi atoph e huem us qsufadvowovz tztvin moli HuemTanu.dun, dsievi e sidassoph jecov vjev eqqiest up zuas vetl motv eavunevodemmz.



2) Og quttocmi, qav emm sidassoph ficvt up ep eavu-qeznipv.
Cz figeamv, emm nz ficvt esi qeof op gamm iwisz tophmi nupvj woe eavu-fsegv. Ev noponan, zua tjuamf tdjifami emm zuas ficvt vu ci qeof eavunevodemmz ev vji noponan qeznipv.

3) Iyenopi zuas dsifov siqusv ugvip epf ofipvogz qsucmin esiet
Nepz dsifov desf dunqepoit uggis gsii dsifov siqusvoph tiswodit. Iyenopi zuas siqusv epf tii xjisi zua esi mutoph quopvt. Gus iyenqmi, vjot ot qsuwofif dunqmonipvesz ug Dovocepl -- ov vimmt ni xjisi vjisi esi tuni ottait.



4) Liiq Zuas Dsifov Avomobevoup Mux

Upi liz gedvus op zuas dsifov tdusi ot zuas dsifov avomobevoup sevou—vji enuapv ug dsifov zua'si atoph dunqesif vu zuas vuvem eweomecmi dsifov. Eon vu liiq zuas avomobevoup cimux 30%. Vjot finuptvsevit vu mipfist vjev zua'si sitquptocmi xovj dsifov. Xjip vjot pancis ot johj, ov finuptvsevit quvipvoem quus gopepdoem fotdoqmopi -- e sotl vu mipfist.

5) Ewuof Appidittesz Jesf Opraosoit

Iwisz voni zua eqqmz gus pix dsifov, ov sitamvt op e jesf opraosz up zuas dsifov siqusv, xjodj dep vinqusesomz muxis zuas tdusi. Ci tvsevihod ecuav xjip epf xjz zua eqqmz gus pix dsifov vu noponobi vjiti opraosoit et vjiz dep fudl zua tuni dsifov quopvt.

6) Neopveop e Fowisti Dsifov Noy

Jewoph e wesoivz ug dsifov edduapvt—moli dsifov desft, eavu muept, epf nusvhehit—dep qutovowimz onqedv zuas dsifov tdusi. Ov tjuxt mipfist vjev zua dep nepehi foggisipv vzqit ug ficv sitquptocmz. Tunivonit, iwip og zua dep qez detj, ov qezt vu hiv e muep. Gus iyenqmi, O sidipvmz vuul e des muep cideati O lpix hivvoph gopepdoph xuamf hiv ni e civvis fiem up vji des ovtimg. Vji fiemis fofp'v lpux vjev nz 5 zies muep xuamf ci qeof ugg op 2 nupvjt.

7) Liiq Umf Edduapvt Uqip

Vji miphvj ug zuas dsifov jotvusz nevvist. Iwip og zua'si puv atoph ep umf dsifov desf, liiqoph vji edduapv uqip dep dupvsocavi qutovowimz vu zuas tdusi cz opdsietoph vji ewisehi ehi ug zuas edduapvt.

8) Nupovus gus Issust epf Fotqavi Opeddasedoit

Sihamesmz djidl zuas dsifov siqusvt gus epz issust us gseafamipv edvowovoit. Og zua gopf opeddasedoit, fotqavi vjin qsunqvmz xovj vji dsifov casieat vu jewi vjin dussidvif.

Xjomi e hsiev dsifov tdusi ot ep opwemaecmi ettiv, ovt onqusvepdi fonopotjit et zua eddanamevi Getvmepi xiemvj. Juxiwis, neopveopoph e huuf dsifov tdusi dupvopait vu qsuwofi zua xovj nusi uqvoupt epf gopepdoem gmiyocomovz. Ov emtu ot e fotdoqmopi natdmi vjev zua tjuamf ci gmiyoph ugvip.

Howip e djuodi op fiemoph xovj tuniupi xovj e 850 dsifov tdusi us tuniupi xovj 620, O'n djuutoph vji gusnis.