The Foundation of Financial Control: Cash Flow
The first step to mastering your finances is understanding where your money goes. Every dollar flows in one of two directions—in or out—and most people only pay attention when more is going out than coming in. But true financial independence requires constant awareness and intentional management.
At DIY Wealth Education, we focus on three key habits: controlling spending, saving consistently, and being strategically frugal. Central to this is the Cash Flow Plan (CFP)—a practical, step-by-step system tailored to your lifestyle. It helps you identify how much you can save each month, spot out-of-line expenses, and build an emergency fund from within your existing income.
Cash flow is the engine of wealth accumulation. The CFP isn’t just a spreadsheet—it’s a roadmap to financial clarity and long-term independence. It’s the tool that helped me take control of my money, instead of letting it control me.
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Simple Savings Plan
One question I get asked alot is : "How much should I save?" The simple answer is the one everyone gives; 10% of what you make. This figure is used because it is simple math for anyone to figure out. If you get $200.00 you save $20.00. I absolutely agree that if...
Shopping for Rates.
There are really two ways to save money. One is actually putting cash away (not spending it), and the other one is not spending more than you have too on what you do buy. This second way of saving is what I want to talk about. When you are looking for new furniture,...
The Financial Stations of Life. Which one are you at?
Which of the 4 Financial Stations are you at? The Stations are based on how much your Life Style costs you, and how long you can maintain that Life Style if you lost a pay cheque.
Wealth Accumulation Steps: Step 1 Your Beliefs
We run our lives based on our BELIEFS. Yet most of us have not really looked at what our beliefs are. Your Beliefs about money always determine your Financial situation. So, What are your Beliefs??
Wealth Accumulation Step 2: The Words of Money
There are not a lot of words that are used in basic money situations. As you investigate other topics and pages on the site, you will be introduced to more words of money, specific to certain areas. Things like Bid and Ask, Options, Puts and Calls, all have to do...
Wealth Accumulation Step 3: How to Track Your Money
A friend took exception one day when I said that we spend $600.00 a month on groceries. They said that I was full of **##. That nobody spends that much money on groceries. I then asked them how much they spent on groceries. The answer was...
Stop Using Debt to Finance Your Lifestyle
It took some time to get into debt, it will take some time to get out. There is a simple system that works. If used properly it can be the begining of a wealthy life style.
Wealth Education. Why do I need it?
I own Mutual Funds and I have bought a house. I know everything I need to know about Finance. Are you sure??