Free Money Finance Principles Summarized

We've now covered the five principles to increasing your net worth. As a quick review, here they are with links to each summary:

Principle 1 -- Maximize income from all sources

Principle 2 -- Minimize expenses

Principle 3 -- Control liabilities – eliminate liabilities and limit or eliminate borrowing of any kind

Principle 4 -- Invest in appreciating (or at least neutral) assets only

Principle 5 -- Protect the value of your assets

If you need specifics on any of these items, simply click through to read more about it.

Thus ends the (long) introduction.  Starting next week, we'll begin working on the details.

Comments

[Tim MMF]

Good principles.