Step 1. Money Management – Stage 1: Cashflow Protection & Budgeting

January 30, 2007

Money management, I feel it is the basic foundation to all wealth creation strategies, it must be easily repeatable and built upon solid principals. I will break money management down into 3 stages that will hopefully lay solid groundwork for future investing. Each stage will have it’s own post.

The first stage of money management as I see it are CASHFLOW PROTECTION & BUDGETING. If you don’t have sufficient and regular cashflow it’s a pretty hard slog in today’s society, also if you don’t plan your future cashflow’s you’ll inevitably find yourself short or at the very least to unable pay some large bill that you hadn’t accounted for previously.

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My Basic Wealth Creation Strategy

January 28, 2007

I have contemplated for some time how to provide a basic roadmap for wealth creation which mirrors my own strategy. I feel that the following is my best attempt at how to provide a consistent top level structure to wealth creation which can be repeated by anyone and which closely follows how I view and approach wealth creation.

As a primer to the following 4 steps.

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The Start of a Journey to Wealth through Effective Budgeting

January 28, 2007

Hello, I would like to thank you for coming with me on this journey to help myself and in turn others just like you to get their personal finances into order. The flow on effect will be an automatic increase in overall wealth by treating personal finance exactly the same as budgeting and running a professional business. Assets VS Liabilities will be the key theme here and Good Debt Vs Bad Debt the ongoing battle to get ahead.

So once again I thank you for coming. Remember, it’s not how much you earn, it’s how much you do with your earnings.

Laughing BuddhaBigBuddha – Budget Well, Budget Wealth