Five Equations for Financial Wellbeing
Five Equations for Financial Wellbeing POSTED BY ADMIN ON FEBRUARY - 1 - 2011 New years are befitting of great beginnings. As you promise to exorcise personal demons and execute a new world order, have you looked at how much you’re really worth? Ultimately, changes command financial viability – so be armed with the five financial equations below. I. Savings » A Sustainable Bank Accounts Proper partition of income and allowances is key to a bank account that actually grows, not merely dwindle. Here’s a simple equation: Income – Savings = Expenditure Or if you want to be snide about it: Reality – Delusion x Sacrifices = Money for a Rainy day Cutting corners is a good step towards liquidity. Substitute brand name products (clothes, food, even shoes) for cheaper alternatives. Living within one’s means should not equate to a vow of poverty. It’s more like allocating your resources properly, instead of wasting too much on unnecessary stuff. II. Investments » Make Mo