Current Lifestyle Tube This tube supplies the cashflow necessary for you to pay for all the things that make up your standard of living. Those things could include cars, house, education for your children, food, clothing, vacations, entertainment, and everything else we spend our money on that we call life. The key thing to understand…
DetailsThe Lifestyle Regulator Everyone’s current “lifestyle” is sacred. No one ever wants to consider reducing their lifestyle. The Lifestyle Regulator may be the one piece of the model that plays the most important role of all in how you manage your money. It regulates the amount of money that you allow to flow through the…
DetailsAs promised last week, this week in Coach’s Corner we’re going to discuss the tax filter…so let’s get right to it. The Tax Filter If you focus your attention on the copper tax filter (shown in the red box above), you will notice it takes center stage in the model. Every dollar will eventually…
DetailsBy now, you are probably familiar with the segment I am calling Coach’s Corner. (If not, check out March 11th’s and March 18th’s post.) This week, we’re going to cover: Monthly Cash Flow This is something that needs little explanation. Most live from month to month. Our fixed expenses are paid monthly, and our discretionary…
DetailsIf you read my email last week, you learned that I’m starting a new segment called “Coach’s Corner”. Last week, I told you I would cover the Personal Economic Model (PEM) in more detail. So let’s get to it… The importance of the big tank illustrated on the left side of the model is to…
DetailsThe PEM Can Help I am starting a new column today on ideas about money, income, risk and debt. It relates to some of the tools we use. Some of these ideas you may have heard. Others maybe not. We’ve decided to call the column Coach’s Corner. I hope it will be thought provoking and…
Details
