It took about 2.5 years to get completely debt free! Anyone can do it! We support you! It was a long war with lots of battles won and lost. There was sacrifice and celebration, and lots of changes to our life (almost all good). In the end, I would do it a million times over.… Continue reading What We Did to Get Out of Debt
Category: Personal Finance
Skin in the Game, Feedback, and Learning
True, efficient learning, comes from experience: Experiencing the consequences of actions. In systems this is called “feedback”. It can be “positive” or “negative”, but it returns information back to the system based on the output. A system with feedback is called “closed loop”. Only a closed loop system (a system with feedback) can reach a… Continue reading Skin in the Game, Feedback, and Learning
Treadmills and Houses: A Hallmark of Bad Decisions
Dearest readers, For those of you who don’t know me, I am but a simple-minded monkey. I have gotten to where I am today by a fairly simple habit. As the youngest of my siblings I have survived and thrived by this simple practice: Monkey See, Monkey Do I have the privilege of being the… Continue reading Treadmills and Houses: A Hallmark of Bad Decisions
The Results of Using a Budget
Here’s the results of using a budget: A couple of important points: Budgeting takes about 3 months to “work” It’s like learning to ride a bike or drive stick-shift, it is crazy awkward for a while, then it’s fun and easy, taking you anywhere you want to go! Once budgeting starts working, a gap is… Continue reading The Results of Using a Budget
Become a Personal Finance Ninja
The goal of any personal finance journey is to transition from fragility to security, then to sustainability, and finally to legacy. Focusing on adding value to others and making the world a better place is the key to increasing impact and income. Below are my “Personal Financial Ninja” belt levels. I’ve also added some other… Continue reading Become a Personal Finance Ninja