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: Savings
Something’s Gotta Give
Two recent charts say it all. The first shows the average growth in tuition versus income over the past 35 years. As you can see our growth in income (United States only) through 1986 kept pace with the growth in average tuition (plus fees, room and board). Since 1986 our growth in income has not…
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…