Personal Finance Shortcut: Start With The Big Picture In Mind
While the scoreboard does not lie in personal finance, you will need to do some work building the scoreboard.
“You are what your record says you are”
Former NFL Head Coach Bill Parcels
Bring Your Personal Finances To A Corporate Level
Simple solutions are the best option to solve complex problems. It is easy for Bill Parcels to recognize his record in the NFL, but can your personal finances be just as transparent?
Corporations constantly review their record throughout the year. The key to applying this corporate habit to your personal finances is compiling information automatically and choosing straightforward metrics to review.
For example, to upgrade my personal finances to a corporate level, I summarize my finances with a personal income statement (it is much simpler than the income statement for the company I work for).
