Comments on: My Financial Map: A Detailed Description of How I Manage My Money https://fourpillarfreedom.com/my-financial-map-a-detailed-description-of-how-i-manage-my-money/ Sharing insights on how to grow wealth and gain freedom. Fri, 12 Jan 2018 15:03:54 +0000 hourly 1 https://wordpress.org/?v=6.6.1 By: Zach @ Four Pillar Freedom https://fourpillarfreedom.com/my-financial-map-a-detailed-description-of-how-i-manage-my-money/#comment-2061 Fri, 12 Jan 2018 15:03:54 +0000 https://fourpillarfreedom.com/?p=27980#comment-2061 In reply to Cyn.

I also got the idea for this post after seeing Luxe’s own financial map. You’re right, it’s pretty incredible to realize just how much most of us pay in taxes. For most people, they actually pay more in taxes than they save from each paycheck. It’s great to hear that creating a financial map was so beneficial for you as well 🙂

]]> By: Zach @ Four Pillar Freedom https://fourpillarfreedom.com/my-financial-map-a-detailed-description-of-how-i-manage-my-money/#comment-2060 Fri, 12 Jan 2018 15:02:25 +0000 https://fourpillarfreedom.com/?p=27980#comment-2060 In reply to Mrs. Adventure Rich.

Thanks so much! 🙂

]]> By: Zach @ Four Pillar Freedom https://fourpillarfreedom.com/my-financial-map-a-detailed-description-of-how-i-manage-my-money/#comment-2059 Fri, 12 Jan 2018 15:02:08 +0000 https://fourpillarfreedom.com/?p=27980#comment-2059 In reply to Mike @ Balanced Dividends.

Thanks, Mike! It is a great exercise, I encourage everyone to create their own map.

]]> By: Zach @ Four Pillar Freedom https://fourpillarfreedom.com/my-financial-map-a-detailed-description-of-how-i-manage-my-money/#comment-2058 Fri, 12 Jan 2018 15:01:33 +0000 https://fourpillarfreedom.com/?p=27980#comment-2058 In reply to dividendgeek.

Thanks! Glad you found it useful 🙂

]]> By: Zach @ Four Pillar Freedom https://fourpillarfreedom.com/my-financial-map-a-detailed-description-of-how-i-manage-my-money/#comment-2055 Fri, 12 Jan 2018 14:57:19 +0000 https://fourpillarfreedom.com/?p=27980#comment-2055 In reply to The Luxe Strategist.

Thanks, Luxe! Your map was more detailed than mine, so I actually liked yours more in that regard. And not a problem, happy to share it! 🙂

]]> By: Zach @ Four Pillar Freedom https://fourpillarfreedom.com/my-financial-map-a-detailed-description-of-how-i-manage-my-money/#comment-2054 Fri, 12 Jan 2018 14:56:26 +0000 https://fourpillarfreedom.com/?p=27980#comment-2054 In reply to Matt @ Spills Spot.

Thanks for sharing the link to your map!

Yes, I calculate savings rate based on after-tax income. This is my personal preference, but I have seen people calculate it using gross income. I don’t think there’s a “right” or “wrong” way to do it, just so that you’re consistent over time so you can compare your savings rate against past savings rates to track your progress.

]]> By: Zach @ Four Pillar Freedom https://fourpillarfreedom.com/my-financial-map-a-detailed-description-of-how-i-manage-my-money/#comment-2053 Fri, 12 Jan 2018 14:54:50 +0000 https://fourpillarfreedom.com/?p=27980#comment-2053 In reply to Sean @ FrugalMoneyMan.

Thanks, Sean! That’s right – savings rate is the metric everyone should be focused on most in personal finance 🙂

]]> By: Zach @ Four Pillar Freedom https://fourpillarfreedom.com/my-financial-map-a-detailed-description-of-how-i-manage-my-money/#comment-2052 Fri, 12 Jan 2018 14:53:59 +0000 https://fourpillarfreedom.com/?p=27980#comment-2052 In reply to Lily | The Frugal Gene.

Thanks, Lily! Glad you enjoyed it 🙂

]]> By: Cyn https://fourpillarfreedom.com/my-financial-map-a-detailed-description-of-how-i-manage-my-money/#comment-2041 Fri, 12 Jan 2018 06:01:37 +0000 https://fourpillarfreedom.com/?p=27980#comment-2041 I love posts like this! It’s so interesting to see where someone’s money goes! Last year, I was inspired by The Luxe Strategist to make my own money map. Even though I’ve always been responsible with finances, it was pretty eye-opening to see just how much of my income goes to taxes! Visually seeing my cash flow helped me figure out where I was being inefficient with my money and where I could make optimizations.

]]> By: Mrs. Adventure Rich https://fourpillarfreedom.com/my-financial-map-a-detailed-description-of-how-i-manage-my-money/#comment-2040 Fri, 12 Jan 2018 03:12:22 +0000 https://fourpillarfreedom.com/?p=27980#comment-2040 Nice set up! I like seeing how different people manage their money flow 🙂

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