Designing for Financial Independence
In the blog post “Budgeting the Foundation of Wealth Building,” I discussed the various types of budgets that could be used to take control of your finances. But within all budgets, there are four overarching categories that have an impact on how much money you are able to save and pay down debt. The categories are housing costs, … Read more
“Be fearful when others are greedy, and greedy when others are fearful.” Warren Buffet All of the leading economic indicators says that the American economy is strong and looking to continue to grow for the foreseeable future. Unemployment is down, consumer confidence and consumer spending are up and many forecasters are expecting it to continue to rise throughout … Read more
In my third post, “Paying-Off Debt – Which Strategy Works Best,” I outline the various options for paying-off debt. Well, Mrs. Broke Architect asked me to add a little more meat to the bones of paying-off debt. So, for this post I will discuss the money organization strategies we used in the Broke Architect’s home during and after our debt pay-off … Read more
In my first post, “$80,000 Paid off Twice,” I ask you to track your expenses for a month. Guess what? It has been a month and now you should have the information needed to begin laying the foundation of your financial empire. Now that you understand where your money is going, let’s review some debt pay-off strategies. Before … Read more
Not long after getting married, Mrs. Broke Architect and I sat down to review our newly combined financial situation. What we discovered very scary, we had accumulated a total of $80,000 in debt. We could not believe that we had this much debt, there were credit cards, furniture debt, student loans and cost of our wedding rings. We … Read more