You might have expected that we would start out fixing your finances with a pencil and a calculator. In fact, it will be a few days before we have any need for either of these. Why? Before we can define a plan that works for you, we need to sit down and figure out what…
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Dec
30
Day 1: Your Five Main Values
May
03
Day 2: Defining Your Goals From Your Values
Yesterday, we defined five main values that define our life. These values are what we live for; they drive us to work and generally guide us in how we spend our lives. Yet so often we find ourselves betraying these values (everyone does this at some point), and it is when we choose to betray…
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May
03
Day 3: Create A Plan For Each Goal
Yesterday, we made up a list of ten goals that derive directly from our values. Now (and for some of you, finally), we start talking a little bit about numbers. Let’s get right down to business. Take ten sheets of paper and at the top of each sheet, write one of the goals you defined…
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May
03
Day 4: How Much Did You Earn Last Year?
Yesterday, we developed some very specific plans to achieve aspirations that fit within the context of our personal values. These plans provide the basis for what we should be doing with our money; not only do they guide us towards a goal, but they also serve as a reminder that we’re off track if we…
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May
03
Day 5: How Much Did You Work Last Year?
Yesterday, we calculated the actual cost of our employment over a given year – and were surprised to discover how little it actually is. Once you remove all of the work-related expenses, such as the commute, the wardrobe, the extra meals, and the child care, the actual income you get from your job is ominously…
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May
03
Day 6: Your True Hourly Wage
Two days ago, we determined your true annual salary. Yesterday, we determined the number of hours you truly work in a year. Today, we combine the two numbers – and consider what exactly that means about you, your employment, and your time usage. Are you ready for the big calculation? Take the total salary you…
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May
03
Day 7: Work For Your Dreams, Not Your Money
During this past week, we identified our primary values and used these to create clear goals and plans that derive from those values. Then, we spent some time discovering what our work time is actually worth. Today, we’re going to combine these two together. If you’ve been following the plan, you’re probably working on the…
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May
03
Day 8: Breaking Down Your Expenses
Yesterday, we worked out exactly how the hours you spend at work break downinto three areas: your living expenses, your debts, and your dreams. Since thiswas only a thumbnail sketch, today we1re going to look more carefully at thebreakdown in living expenses. Let1s get started. Take out a sheet of paper and start another list.…
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