My first thought when I saw the new tax bill got passed this week was, holy crap congress passed a bill! My second thought was, I do not care all that much about the details. What do you mean Mr. Widget!? How could you not care about the new tax brackets, standard deductions, etc? The answer is actually quite simple; control.
One of the greatest lessons I have learned over the past couple of years is the importance of having options in life. I have had my fair share of good fortune, but I have also realized how I have had influenced this as well. It is important to realize early on how you can generate the most possible options in your life.
Photo from Pixabay
You do not have to search long and hard to find posts on Net Worth. Everything from the basics of how to calculate it, to what you should include in it has been covered many times by financial experts. I can not tell you anything that they haven’t already. What I can tell you is why tracking net worth has been such a game changer for the Widget household. [Read more…] about Why Tracking Net Worth is a Game Changer
When making important engineering decisions, it is critical to follow a set process to investigate all options and variables to identify the best possible solution. The same process used in engineering can also be applied to financial decision-making.
Financial matters share a fair amount of overlap with engineering; they both involve numbers, analysis, and critical thinking. Maybe this is why I have become more and more interested in finances over the years. That and I do not want to have to work until I am 70 years old. 🙂 [Read more…] about Engineering Cents Financial Decision Process