November 7th, 2006
Like your money, it’s important to know what events you can plan on. In the next few months I will be working extensively on the stackbacks system. With this work you will find two new posts every week. New posts will always be published on Tuesday and Thursday. I am not striving for mass content. I am working on more developed posts with helpful insight on personal finance.
This work is also part of a bigger project, a revised and expanded version of the free budgeting e-book. Included will be updates to the original system, implementation, and new ideas.
November 2nd, 2006
About a year ago I created a new budget system to help me control my finances. I simply took the ideas of budgeting, money control, and allowances and combined them into a easy to follow plan. After I used it for a few months, I realized it actually worked. For the first time in my life, I had control of my money. Read the rest of this entry »
October 31st, 2006
One concept I’ve been working with is creating a hybrid system to handle cash and a debit card. It seems if I simply just spend money off my card, and get cash when I need it, I end up in either two places. I’m either out of money in my living account or I’m out of cash. Read the rest of this entry »
June 29th, 2006
Just wanted to let everyone know, I’ve created a new website, gregcerveny.com, that serves as a central hub for all my projects.
April 24th, 2006
The stackbacks system for generating wealth is unique because I don’t start by focusing on generating wealth. I don’t believe that is how you to start to get rich. I believe the most reliable way to get rich is by having certain baseline systems in place first. One of which I’ve covered, budgets. The other I’ve yet to talk about, metrics.
Step One - Budgets
I started the stackbacks information with budgets. If you spend all that you make you attract no wealth. If your appetite for consumption grows as your income grows, all you gain is a more expensive lifestyle maintain. This is actually much worse because now you have a bigger liability with expensive car payments, mortgages, and lifestyles to maintain. The path to wealth starts at home.
Step Two - Metrics
The second step in creating wealth is measurement. I believe that you must track your income vs expenses carefully. In the web business the first things you do when launching a website is install a web analytics package. Web analytics tell you who your users are, where they are coming from, and what they want out of your website. It gives you the power to make educated decisions. The same holds true for generating wealth. Track what you invest and what it earns. Amplify that which earns money, change that which does not.
