What do you do when: your source of income suddenly stops? you’re suddenly ill and insurance can’t cover all the costs? you have to travel immediately due to a close relative’s passing away? your car breaks down and you realize you have to spend $700 or more on repairs? Sure you can use credit cards to cover some of ...
Tag Archive: Emergency Reserve
The Spending Pyramid: Personal Values and Financial Planning (Part II)
In yesterday’s article, we were able to explore the structure of a spending pyramid a la Robert Pagliarini. Based on Dan Pink’s lecture on motivation (which I embedded in another article), there are three human motivating factors. Autonomy – The urge to direct our ...
The Spending Pyramid: Personal Values and Financial Planning (Part I)
Do you ever find yourself wondering where the time has gone at the end of the day? It starts out bright and you perform the required tasks for the day, but the rest of the time has flown by before you realize it? This is often also the case with money. In his book
