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“Virtue, then, is a state of character concerned with choice, lying in a mean… Now it is a mean between two vices, that which depends on excess and that which depends on defect; and again it is a mean because the vices respectively fall short of or exceed what is right in both passions and [...]

While it may be recommended to manage both a budget and net-worth sometimes focus leads to better results. I’ve been keeping a detailed budget for over two years now. My budget served me mostly in tracking my family’s expenditures and investments rather than in setting goals but I tried to “course correct” whenever I ...

Welcome to the May 16, 2009 edition of the Carnival of Financial Planning. Today I’m having the pleasure of hosting the Carnival of Financial Planning on The Personal Financier. The Carnival of Financial Planning takes a long-term view of personal financial planning for individuals and families. We focus on efficient and sustainable ...

Permanent income gone astray The past week has been exceptionally long. I’ve managed to work 42.5 hours in just three days. Since I found this particular project very interesting it hardly felt like work was robbing me of my spare time. I often dislike working long hours as it simply seems like the days are [...]

The before and after pictures of my latest experiment are attached but there was so much more to the process. The straw that broke this camel’s back was a cream “oven painted” M.D.F bed and dresser priced at a whopping $2,400. We’ve been looking for a new bedroom for quite some time now but haven’t [...]

Do we all see the same color of blue? Each passing day bring with it small new understandings into human nature and even bigger new puzzles. Ever since I remember myself I’ve had the good fortune of ranking in the top 10th percentile. Whether in SAT’s or GMAT or in terms of household income I’ve [...]

What If I just don’t have what it takes to get rich? I simply don’t have it. It being the elusive trait self made rich people have. Whether it is simply daring, risk ignorance, animalistic instincts or just a plain good old entrepreneurial spirit I simply don’t have it and I’m starting to think I [...]

Our net-worth hopefully takes a small spike up at each month start The start of each month holds both a sort of thrill and desperation. We manage each month trying to meet our goals, pay our debts and grow our net-worth as much as we can. My budget excel chart eagerly waits its monthly update, [...]