by Joe, want to accompany his pioneering?

Personal Finance Ladder

Updated 3/30/17

Only a certifiable nerd curates the 3 most credible resources:  Ladder Of Personal Finance and Stages of Personal Finance

  1. Money Boss: 6 Stages Of Financial Freedom  
  2. Mr Money Mustache: Spectrum of Financial Idiocy
  3. Free Money Finance: Steps 1-3, 4-6, 7-9, 10-12, 13-15, 16-18, 19-21, 22-24, 25-27, 28-30 & 10 Similar

Discover What The Geeks Know That You May Not

Disclaimer: Please keep in mind external links policy & subjectivefinancial servicesadvice


Personal Finance Ladder

Photo Credit: Kitces & License

Photo Credit: KitcesLicense

When Steve and Annette Economides from Scottsdale, Arizona got married in 1982, they made a conscious decision to always live below their means.  In fact, they even made it part of their wedding vows.  The first big test came shortly thereafter when the car broke down.  For the next month, Steve rode a bike to work and the couple committed to saving even more.  Annette reflected on that time saying, “Friends lent us an occasional vehicle over weekends. They’re still good friends of ours.”

What steps would you include on your own ladder of personal finance?
— You can leave a comment by clicking here.

Steve worked as an advertising account executive and graphic designer and Annette was a stay-at-home mom, raising five children on an income that rarely exceeded $40,000 a year. Steve and Annette defined living below their means as paying for all their expenses, including adding to savings each month and charitable giving.  At the time, that was about $800 a month. Every month, three accounts were prioritized: rent (later a mortgage that they eventually paid off in nine years), charitable giving, and an emergency fund.  They used a single savings account and a simple spreadsheet to keep track of all the items for which they were saving each month including, car repair, car replacement, home repair, medical emergencies, & emergency travel.  Their system worked and after years of focus, by July, 2015, Steve and Annette had amassed almost a million dollars. – adapted from Get Rich Slowly

Journey far,

― Joe


If the ladder is not leaning against the right wall, every step we take just gets us to the wrong place faster.
Stephen Covey

Disclosure: Please be aware site may receive commission for affiliate marketing & advertising
Recommendation: Read Financial Blogs
What I have: A Daily Routine


 
 

Intentionality Ink

1900 North 12th Street, Grand Junction, CO, 81501

I have been fortunate enough to pay off all my debt, travel to all 7 continents, and complete a Bachelors of Psychology & MBA in Finance. I am eternally grateful to the brilliant and self-less people who have gone before me to pave the road.


Subscribers access site map & investing picture-book Ready. Set. Invested. 


 

Disclaimer: Please regard comments & editorial policies