Intangible Financial Assets – Hint: It’s Not All About the Money

Because I don’t want the title of the article to intimidate anyone, let’s first define an intangible asset.  Instead of citing detailed accounting guidance, here’s the simplest definition I could find: “an asset that lacks physical substance.”  You see, it’s all too easy in the realm of personal finance to focus on those physical (read … Continue reading Intangible Financial Assets – Hint: It’s Not All About the Money

Part 3: Emergency Fund versus Emergency Strategy

As we embark on the last article in the three-part series, I want to cover what emergency savings are good for and what they aren’t.  There are hundreds of benefits to emergency savings.  A few examples are: Helps you sleep at night Lowers stress levels Encourages more diligent spending Manifests in better financial decision making … Continue reading Part 3: Emergency Fund versus Emergency Strategy

Part 1: Emergency Fund – A False Sense of Security?

Recently, a headline grabbed my attention.  That doesn’t happen often these days because I’ve vowed to be more aware of and intentional about ignoring sensational headlines, mostly because the articles typically don’t have much substance or meaningful analysis behind them.  But this one caught me—hook, line, and sinker.  The article I read was centered around … Continue reading Part 1: Emergency Fund – A False Sense of Security?