They say everyone should have three-to-six months’ worth of expenses in an emergency fund. Unfortunately, if you follow this rule you probably have quite a bit of cash earning almost nothing in interest--and losing money to inflation. Where you save your money can be just as important as how much you have saved. Here’s what you need to know about where you should be stashing your rainy day money: Cash Savings at Home Anyone who … [Read more...]

You're probably reading this site because you want to see your financial life improve? Maybe move toward financial independence? Good on you, my friend! A great way to get better at something is to start tracking it. Let's talk about measuring and tracking your net worth. Simply put, your personal net worth is equal to your assets (the things you own) minus your liabilities (i.e. debts). The trick to getting an accurate number is to carefully examine what you … [Read more...]