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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
A couple of days ago, the Sow a Dime & Reap a Dollar household encountered a situation that reinforced the importance of having a financial Plan B. Thankfully, we had a backup plan ready and deployed it quickly; however, I wondered what could have happened had we not had Plan B on standby. First, let … Continue reading The Importance of Plan B
“If I had a million dollars, I would…” Most of us have heard people make this statement on many occasions in our lifetimes. Think about the last time you heard someone say it—how did they complete the sentence? Did they have a real, tangible, detailed, actionable plan that followed the first part of the statement? … Continue reading If I Had a Million Dollars…
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