What do you mean you don’t know your Net Worth?

Whenever I travel to a new place, my initial reaction is to quickly survey the land and look for the nearest, highest point that I can somewhat easily scramble up.  There is something orienting about understanding the lay of the land.  It helps me acknowledge where I am, where I want to go, and what I want to see.  Tracking your net worth serves the same purpose – you need to understand financially where you are and where you want to go.

Lost Soul Who Doesn't Know his Net Worth
Lost Soul Who Doesn’t Know his Net Worth
“What gets measured gets managed.”

I’m a big believer of this statement and it can be very beneficial or an absolute disaster if the wrong thing gets measured.

Continue reading “What do you mean you don’t know your Net Worth?”

The Eighth Wonder of the World

I promised this blog wouldn’t be full of a bunch of advice as there are multiple ways to skin the wealth-building cat.  However, it seems any PF blogger worth their financial salt has their go-to wealth-building tip that they feel most helped them get to where they are.

Albert Einstein
Albert Einstein

For some, it is to never own a car and live in an area where you can bike to work.   For others, it may be that dividend, index fund, or peer-to-peer investing trumps all else.  Further yet, buying rentals and becoming a landlord is another silver bullet that some may preach.

All of these are doable and great options.  However, the only way to get to a point where you can do these things is to have the money to do so first.

So here it is, Buck’s first and foremost wealth-building tip (drum-roll please)… Continue reading “The Eighth Wonder of the World”