In our last post in this series, we discussed broadly the balance sheet, which in the sum of all its parts, defines your worth. Remember, everyone has a balance sheet, even though most of us never take the time to actually define our total worth on paper. To define and actually manage our worth, we must define…
Tag: Net worth
Prudent Fiscal Planning (Part 4): To Save, Or Not To Save That Is The Question
Previous posts in this series on prudent fiscal planning, focused on the need for fiscal planning, as well as both the income and expense elements of the profit and loss (income and expense) statement. Today, we will look at net income–which is the total after subtracting expenses from income in any given period–and, yes, it…