Do you remember me telling you about my friend, Leif?* I knew him when I lived in Chicago. He carries one of the best souls I’ve ever encountered. Kind and loyal and good, we saw each other almost daily for years and I counted him among my favorite people. He was also, unfortunately, a super… Read More »
***I’m not working on this project anymore, but I’ll let you know if I decide to pick it up again. The idea for this blog started as most truly great ideas start – binge-watching television on my parent’s couch one weekend. I discovered the television show “Til Debt Do Us Part”, a truly delightful personal… Read More »
It is in Leif’s fortune (literally) that he makes a good income. If he takes a deep breath and dives in completely with my suggestions, he can free up his cash flow and knock out the debt in an astonishingly fast time frame. My job is to show him what’s possible. Here is a presentation I… Read More »
I went through six months of Leif’s finances (January 2013 – June 2013) and made some pretty charts in an attempt to diagnose the sickness in Leif’s financial avatar. I’ll start with the good news. Income. Leif makes a healthy income in a profession that is more recession-proof than most and as an independent contractor,… Read More »
In the second week strength training Leif’s financial avatar, he told me he was planning a 2 week vacation. Oof, this was the equivalent of telling your personal trainer that you were gearing up for an amateur pie eating contest. Leif expressed concern about the timing as well and and floated the idea of shelving… Read More »
Leif’s Money Makeover Week 2 Note: Leif has no credit cards and all of his debt is from student loans. He uses his debit card for his purchasing. He is an independent contractor and has to pay his own taxes. Now that we know where your financial avatar is right now (your current net worth:… Read More »
Leif’s Money Makeover Week 1 The first step is to see exactly where you are right now in terms of net worth. This means paying attention and owning up to your situation. The month to month change in your net worth is a good indicator of how healthy your finances are in a chart-able and… Read More »
Leif* is a brilliant, handsome, creative and fun guy in his late 20’s. He finished graduate school with a lucrative and stable degree in 2009 and quickly found a job. He works as an independent contractor and his accountant opened an S Corporation for him a couple of years ago. Leif is as scattered in… Read More »