Free Money Financetag:typepad.com,2003:weblog-1326262006-04-29T06:08:00-04:00Grow your net worth.TypePadOne Year Ago: Invest in Appreciating Assets, The Value of Insurance and Estate Planning, and Free Money Finance Principles Summarizedtag:typepad.com,2003:post-101468622006-04-29T06:08:00-04:002006-04-29T06:08:00-04:00One year ago this past week I finished my posts on "The Five Principles" I believe will help you grow your net worth (based on the fact that they've helped me). Here are the posts and a brief summary: Principle 4: Invest in Appreciating Assets - This includes things like a house, a small business, or rental property. On the flip side, this principle also advises us to avoid those assets that decline quickly in value – like new cars. As we explore this principle, we’ll discuss these issues and how to address them. Principle 5: The Value of Insurance...NA
<div xmlns="http://www.w3.org/1999/xhtml"><p>One year ago this past week I finished my posts on "The Five Principles" I believe will help you grow your net worth (based on the fact that they've helped me). Here are the posts and a brief summary:</p>
<ul><li><a href="http://www.freemoneyfinance.com/2005/04/principle_4_inv.html">Principle 4: Invest in Appreciating Assets</a> - This includes things like a house, a small business, or rental property. On the flip side, this principle also advises us to avoid those assets that decline quickly in value – like new cars. As we explore this principle, we’ll discuss these issues and how to address them. </li><br /><li><a href="http://www.freemoneyfinance.com/2005/04/principle_5_the.html">Principle 5: The Value of Insurance and Estate Planning</a> - In order to be financially solid, you must protect your largest assets – your home (house insurance), your car (auto insurance), and your income (disability, medical, and life insurance). In addition, you must protect them even beyond your life -- that's why we'll discuss wills in this section.</li><br /><li><a href="http://www.freemoneyfinance.com/2005/04/free_money_fina_6.html">Free Money Finance Principles Summarized</a> - A quick review of all the Free Money Finance five principles.</li></ul>
<p>Stop by these posts and see what Free Money Finance was like in the "early days."</p></div>
Principle 4: Invest in Appreciating Assetstag:typepad.com,2003:post-44126962005-04-25T04:12:00-04:002005-04-25T04:12:00-04:00For many people, their home is the single biggest investment that they’ll ever make. And that’s a good thing. Home prices tend to go up over time, so while your mortgage is going down over 30 years, the value of your house is going up. This has a double positive impact on your net worth (increasing assets and decreasing liabilities) and leaves you with more money. Principle 4 tells us to: Invest in appreciating (or at least neutral) assets only. This includes things like a house, a small business, or rental property. On the flip side, this principle also advises...NA
<div xmlns="http://www.w3.org/1999/xhtml"><p>For many people, their home is the single biggest investment that they’ll ever make. And that’s a good thing. Home prices tend to go up over time, so while your mortgage is going down over 30 years, the value of your house is going up. This has a double positive impact on your net worth (increasing assets and decreasing liabilities) and leaves you with more money.</p>
<p>Principle 4 tells us to: </p>
<p><span style="color: #336600;"><strong>Invest in appreciating (or at least neutral) assets only. </strong></span></p>
<p>This includes things like a house, a small business, or rental property. On the flip side, this principle also advises us to avoid those assets that decline quickly in value – like new cars. As we explore this principle, we’ll discuss these issues and how to address them. </p>
<p>Click here to read about <a href="http://www.freemoneyfinance.com/2005/04/principle_5_the.html">Principle 5</a>.</p></div>