The $7 Million 7 Years Wealth System

Your One Time Budget should now be complete; now, let me show you how to put it all together: Note: You need to be a Premium Member to view this content: Name and State (eg John, FL) List Your One Time Budget (include Categories and amortized/monthly $ Budget for each) If this month varies from […]

By now, (if it’s been a month since you started your One Time Budget (KLE25), you should have a complete list of your expenses for the month. But, you’re not quite done yet! You may not have fully accounted for your bi-monthly, quarterly, bi-annual, and annual expenses e.g. rates, utilities, insurance, etc; if not, here’s […]

We’ve set your savings bar very high: in addition to what you are currently saving in your retirement accounts, you now have a target to pay yourself twice, to the tune of an additional 10% (or, as much as 15% if you don’t have at least 5% of your gross pay going into your retirement account). Of course, this is easier said than done: if […]

Annual income twenty pounds, annual expenditure nineteen six, result happiness. Annual income twenty pounds, annual expenditure twenty pound ought and six, result misery. Charles Dickens, David Copperfield, 1849 English novelist (1812 – 1870) You may already be in debt up to your eyeballs, or just starting on the road to financial freedom … … in either […]

My Recovery… Congratulations to Jeff, a recovering budgetaholic … he had an unusual spending month, which happens when you are trying to budget: Life gets in the way! What advice can you give Jeff, other than telling him that MY wife had to cooperate for the one month that we did this exercise … and, […]

Automated Budget? Photo credit: urbanraven Another great graphic! Thanks, Mark … Unlike those whose MM101 issues are at the fore, Mark has a good income and low cost base so the ‘pressure’ to budget, etc. seems less … but, how important do you really think it is? Any advice for Mark on his spending / […]

Photo credit: www.hot-screensaver.com On a Budget? No Problem! For a moment I thought this was Jeff’s post … after all, he’s the pilot, right? 😛 But, no, this is Ryan’s post and he chose the image … I like Ryan’s ‘electronic envelope system’ for budgeting expenses throughout the month. Would a cash budget be more […]

Where Did All the Money Go? OK Scott is off the hook for not doing this exercise … … but only because he actually already has a pretty strict budgeting system in place: I love the idea of withdrawing a certain set amount from the ATM each week for things like personal spending and entertainment […]