October 19, 2005

Long-Term Financial Plan

Lately I've been working on creating a comprehensive long-term financial plan. As much as I think and learn about personal finance, I have yet to put all of my goals and plans down in one place. So I thought I'd do it here, and maybe we can learn something from each other.

If you have something to share -- if I may have forgotten an important goal, or step, or if there perhaps is a better way to accomplish something -- feel free to jump into the discussion with a comment below. If you don't know your long-term financial plan, do this along with me!

I'm going to break this up into steps, and share each one with you as I tackle it. I'll do step 1 today, and link up to the other ones so you'll know when they're done. Here are the steps as I see them:

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Posted by Frank at 8:07 AM | Comments (10) | TrackBack

October 13, 2005

What is Your Net Worth?

You know that the most important measure of financial health is net worth. So how do you figure out what yours is? It's actually pretty easy.

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Posted by Frank at 8:32 AM | Comments (2) | TrackBack

October 11, 2005

What is Rich?

I have a problem with surveys that determine the richest people in the world, or in a country, based on their income. After all, it's not how much you make, it's how much you have. Would you rather make $50,000 and have a million dollars in the bank, or make $200,000 and be a million dollars in debt? Some people would say the person who makes $200,000 is four times as wealthy. That's what those surveys say. I say that's bull.

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Posted by Frank at 8:15 AM | Comments (10) | TrackBack

October 9, 2005

Carnival of Personal Finance #17

Welcome to the 17th Carnival of Personal Finance! If you haven't read the Carnival before, it's a gathering together of personal finance-related posts submitted from across the blogosphere, and hosted on a different blog each week.

If this is your first time here, welcome to Hello, Dollar! If you'd like to know more about this blog, feel free to check out the "About" section on the left. I'm glad to have you here!

Now, on to the posts!

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Posted by Frank at 9:55 PM | Comments (11) | TrackBack

September 7, 2005

Let Them Eat Cake

I read this post on Being Poor yesterday and I wanted to share it. It's an emotional reminder that some people don't have the luxury of putting away that extra dollar a day. Frugality is not a lifestyle choice -- it's survival.

"They could stop, if they really wanted to."

One thing I read over and over in that post and the following comments is how useless it is to tell people to "stop being poor". It's not that simple, they say.

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Posted by Frank at 11:28 AM | Comments (14) | TrackBack