November 2022
Beginner
288 pages
6h 34m
English
Content preview from Overcoming Debt, Achieving Financial Freedom
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.
Chapter 12Your Financial Roadmap
Now that you understand the eight pillars to build wealth, it is time to implement them! In this chapter, you will find checklists for each pillar and helpful templates to guide you through your journey to financial freedom.
Pillar 1: Take Inventory of Your Numbers
- Calculate your assets (what you own).
- Calculate your liabilities (what you owe).
- Calculate your net worth.
- Determine how you will track your net worth (e.g., pen and paper, spreadsheet, app).
- Calculate your monthly income.
- Review your paycheck, including taxes and deductions.
- Review your revenue sources (if self‐employed).
- Calculate your monthly expenses.
- Review the past three months of credit card and debit/bank transactions.
- Review your subscriptions and cancel any that no longer serve you.
- Calculate your monthly savings and investments.
- Calculate your monthly debt payments.
Net Worth Tracker Template
Copy this template into a notebook or spreadsheet software to calculate your monthly net worth. Update your numbers once a month, preferably the same time each month.
| [MONTH] NET WORTH | |||||
|---|---|---|---|---|---|
| ASSETS | LIABILITIES | ||||
| Category | Amount | Category | Amount | ||
| Checking account | $2,800 | Car loan | $10,000 | ||
| TOTAL ASSETS | TOTAL LIABILITIES | ||||
| Net worth formula: Total assets – total liabilities = net worth | |||||
| [Insert Month] Net Worth: | |||||
Four Core Monthly Numbers Template
Use this template to get you started on gathering your four core monthly numbers.
| FOUR CORE MONTHLY ... |
|---|
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Read now
Unlock full access
More than 5,000 organizations count on O’Reilly
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.