UNLESS ONE INHERITS MONEY OR RECEIVES A MONETARY GIFT, ALL CURRENT AND FUTURE PERSONAL FINANCES ARE DEPENDENT ON YOUR CURRENT INCOME.

A portion of current income generates cash flow used to pay current bills. A portion of current income is saved to pay for emergencies. A portion of current income is used to pay insurance premiums, which in turn, are used to prevent catastrophic loss of income and wealth. A portion of current income is investedContinue reading “UNLESS ONE INHERITS MONEY OR RECEIVES A MONETARY GIFT, ALL CURRENT AND FUTURE PERSONAL FINANCES ARE DEPENDENT ON YOUR CURRENT INCOME.”