Where to Stash Your Emergency Cash

An emergency savings account should be a first priority when setting financial goals. The concept of this particular goal was discussed in the previous post – Rule #1: Spend Less than You Earn. Now let’s cover the details of making this a reality. The purpose of this savings safety net is to cover unexpected “emergencies” such as unemployment or loss of income, a major medical expense, an auto repair, a home appliance repair or replacement, etc. The primary function of Continue Reading →

The Voyage to Financial Independence

Given that it’s the dead of winter here in Colorado and I’m landlocked in a sea of white snow, I thought conjuring the image of a sailboat, preferably on blue Caribbean waters, would be a pleasant analogy for illustrating a path to financial independence. Imagine that you are the Captain of a sound sailing vessel and her name is You, Inc. Put on your captain’s hat and let’s set sail on a Money Mind voyage… Identify Your Port of Call Continue Reading →