About Me

scfr

Cool Quote: "The roosters may crow, but the hens deliver." (Ann Richards)
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Fun things to do before we leave Austin:
- Lunch at The Salt Lick (BBQ)
- Sunday Brunch at Fonda San Miguel (Mexican)
- Austin City Limits (try to score tickets)
- Bat Flight at Congress Ave Bridge
- Hike & Bike Trail (Town Lake)
- Cavern Tour: DONE!
- San Antonio (Alamo, Riverwalk)
- Houston (NASA)
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BA (Balance Sheet Affluent, as explained in "The Millionaire Mind"):

Age x .112 x Total Annual Realized Income = Expected Net Worth

If you are 2 times your expected net worth, you are "Balance Sheet Affluent"

My goal is for my household to be a bit over BA (have 2.12 times its expected net worth) by the time my DH is 50.

Starting Number (4/30/07) = 1.32 times expected net worth

First Year Quarterly Goals:
7/31/07 = 1.440 [Result: 1.510]
10/31/07 = 1.435 [Result: 1.569]
1/31/08 = 1.430 [Result: 1.541]
4/30/08 = 1.425 [Result: 1.400]

Second Year Quarterly Goals:
7/31/08 = 1.550 [Result = 1.515]
10/31/08 = 1.550
1/31/09 = 1.545
4/30/09 = 1.530

Financial Savvy Peaks at age 53?

March 27th, 2007 at 10:25 am

According to this Yahoo Money article, financial savvy may peak at age 53 ... Sounds good to me, as it means I have 10 more years on the uphill side of the equation! Wow - just imagine how incredibly smart I'll be then! [Just kidding, folks.]

http://finance.yahoo.com/loans/article/102675/Why-Middle-Age-May-Be-Healthy-For-Your-Wallet

Posted in Uncategorized | 2 Comments »

2 Responses to “Financial Savvy Peaks at age 53?”

Carolina Bound Says:
March 27th, 2007 at 03:43 pm

Uh oh. I'm 57 and I was planning on getting smarter in the future.
Joan.of.the.Arch Says:
March 27th, 2007 at 04:01 pm

I'm 48 and I'm sure my knowlege of finances hasn't peaked!

scfr's Personal Finance Blog

Financial Savvy Peaks at age 53?

2 Responses to “Financial Savvy Peaks at age 53?”

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