Friday, August 05, 2005

Financial Planning

On of the guest bloggers at Evangelical Outpost has advice on your personal finances. The specific suggestions are:
  1. Maximize income from all sources
  2. Minimize expenses
  3. Control liabilities - eliminate liabilities and limit or eliminate borrowing of any kind
  4. Invest in appreciating (or at least neutral) assets only
  5. Protect the value of your assets
And on this topic I'd like to announce that sent off my last car payment today. This puts me out from under my car loan in about 30 of the 60 months of the loan. Yeah. Now I shall start putting that money towards a downpayment on a house.

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