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Net Worth Defined With Precision

Net worth, the yard stick for comparing financial success is a loosely defined term (irritatingly so to our brains).  See our diagram for the break down of "total" vs "investable" net worth.  After you read this you'll be able to cut through the TV / magazine / cocktail party net worth jibber jabber and use the term correctly.

Financial Literacy, Net Worth

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Net Worth Defined With Precision
Net Worth Defined With Precision

Net Worth Defined With Precision

Net worth, the yard stick for comparing financial success is a loosely defined term (irritatingly so to our brains). See our diagram for the break down of "total" vs "investable" net worth. After you read ...

Financial Literacy, Net Worth

Read More...

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The Idea of Utility and Why It Matters for Budgeting

The Idea of Utility and Why It Matters for Budgeting

Utility is the overall usefulness you get from something. Everyone instinctively makes decisions based on utility all the time, but do you consider it when you make a big purchase or setup a budget?

Financial Literacy, Budgeting

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Understanding Net Worth

Understanding Net Worth

Net worth is a way of measuring your progress towards financial goals. It is calculated by adding up the net market value of your assets and subtracting all your debts. If you want to build ...

Financial Literacy, Net Worth

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Cryptocurrencies - Get Rich Quick (or not) and Investment vs Speculation

Cryptocurrencies - Get Rich Quick (or not) and Investment vs Speculation

Lots of people are giddy over the sky rocketing prices of cryptocurrencies like Bitcoin. It’s easy to confuse speculation with investing. We explain the difference.

Financial Literacy

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Understanding Savings Accounts
  • August 18, 2017
  • by Emily

Understanding Savings Accounts

One of the simplest tenets of wealth creation is to “pay yourself first.” In other words, put money into your savings account. There are many types and we explain them here.

Financial Literacy, Personal Finance

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What is Passive Index Investing?

What is Passive Index Investing?

Passive Index Investing is an investment approach characterized by four main features: 1) the index, 2) the index fund, 3) passive management as opposed to active management, and 4) low costs.

Financial Literacy, Personal Finance

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Inflation - Why Prices Usually Go Up

Inflation - Why Prices Usually Go Up

Have you ever noticed that prices are slowly rising all the time? That effect is called inflation. We’ll discuss where it comes from and how to make it work in your favor, or at least ...

Financial Literacy

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What is an Expense Ratio? Part 2

What is an Expense Ratio? Part 2

The components of a fund's expense ratio explained in detail. In short it goes to the fund's management, advertising cost, and company 'slush fund'.

Financial Literacy, Personal Finance

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What is an Expense Ratio? Part 1

What is an Expense Ratio? Part 1

Expense ratio is one of those cryptic financial terms that has a dramatic impact on the performance of your mutual fund or exchange traded fund (ETF). And if you invest in mutual funds or ETFs, ...

Financial Literacy, Personal Finance

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The Golden Rule: Keep Your Investment Costs Low

The Golden Rule: Keep Your Investment Costs Low

Want a bigger slice of the pie? If you desire financial independence, remember to keep your investment costs low because you put yourself in position to lose less money. And likewise, you’re in better position ...

Financial Literacy

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The Eighth Wonder of the World - Compounding

The Eighth Wonder of the World - Compounding

If you understand compounding—the idea that interest grows on interest—you probably already know more about money and how to build wealth than 90% of the population. And you will have at your disposal a weapons-grade ...

Financial Literacy

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The Time Value of Money

The Time Value of Money

How well do you think you know money? Money in hand is great, but at what point is it smarter to defer and receive a larger amount in the future? Here's a challenge for you...

Financial Literacy, Personal Finance

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