Your money or your life
Face your financial reality¶
Humans are creatures of habit books/atomic-habits, stuck in patterns not aligned with reality. To overcome prejudice you must create your own roadmap.
Net worth¶
Income: - salary - gifts - stocks Assets: - liquid - cash - savings - Fixed - house - car Liabilities: - mortgages - car loan - credit card debts
Prejudice VS money¶
- Practical realm: daily transactions
- Psychological realm: your prejudice and beliefs about money coming from your family and your culture
- Cultural realm: shared beliefs about money (eg: USA VS Italy opposite debt/savings habits)
- Personal responsibility realm: you must understand that money is just a token exchanged for life energy, finite and tangible. Money has no intrinsic reality.
BALANCE SHEET¶
- how much time do you invest in your job? Calculate real hourly wage for all job related expenses and activities. Add job-related hours to your spreadsheet and subtract them from your salary.