Budgeting at the Coffee Shop: A Personal Finance Story (Chap. 1)

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Authors’ note: 

Explaining accounting and finance can be pretty dull. That’s a problem, if you need to learn accounting or finance.

On a plane from St. Louis to Seattle, I decided to try and fix the problem. What if I could wrap some accounting concepts inside of a quirky (funny?) short story? My goal here is to present some information, and then add another step to the story. So, when you get to the end, you’ve been reminded of an accounting or finance concept- but you’ve received the information in a light-hearted way.

Anyway, that’s the goal here. The stories are written in chapter order, so that there is a logical flow for the reader. Enjoy!

‘Excuse me- is that you in that poster?”

Continue reading Budgeting at the Coffee Shop: A Personal Finance Story (Chap. 1)

The Rear View Mirror and the Tree: An Accounting Story

 

 

Winding Road

Authors’ note:

Explaining accounting and finance can be pretty dull. That’s a problem, if you need to learn accounting or finance.

On a plane from St. Louis to Seattle, I decided to try and fix the problem. What if I could wrap some accounting concepts inside of a quirky (funny?) short story? My goal here is to present some information, and then add another step in the story. So, when you get to the end, you’ve been reminded of an accounting concept- but you’ve received the information in a light-hearted way.

Anyway, that’s the goal here. Enjoy!

Well, it seemed strange.

Greg and his dog Collete eyed the tree between the street and the sidewalk. The bark on one side of the tree seemed to be sheared off, and there was broken glass and plastic around the tree. How in the world…..then his cell phone rang.

Continue reading The Rear View Mirror and the Tree: An Accounting Story

What The Rio Olympics Teaches Us About Personal Finance

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My favorite Rio Olympics-related headline so far:

Olympic kayaker possibly capsized by couch in Rio de Janeiro

Priceless.

Now, the story isn’t confirmed, but it illustrates all of the controversy related to Brazil’s preparation for the Olympic Games. This situation is a great analogy for personal finance, because it helps us think about the answer to this question:

Are you being realistic about how much your investing, and the growth rate of your portfolio?

(Preview video) Top 10 Personal Finance Mistakes (And the Tools To Avoid Them)

Continue reading What The Rio Olympics Teaches Us About Personal Finance