Personal Finance Toolbox

The Personal Finance Toolbox is a resource for the average person that is looking for advice and information on how to get out of debt, save, invest, and learn more about how to manage and grow their personal net worth. There is a lot of useless information on the internet that leads people down wrong paths or attempts to make money from their lack of savvy regarding finances. The Personal Finance Toolbox organizes the relevant and useful financial content on the Internet that helped me structure my finances, get out of debt, and grow my net worth into organized online lessons that users can read and watch at their own pace.


Introduction to Personal Finance

  1. It is possible for everyone to be financial independent / retire early (FI/RE). However, along the way we all commit certain mistakes which derail our ability to reach millionaire status at an early age (if at all). By following a few very simple steps, we can right the ship and get back on course to reaching our financial goals. For those that are young, there is even better news, you can avoid making mistakes in the first place and retire in your late twenties or early thirties.
  2. http://jlcollinsnh.com/2011/06/06/why-you-need-f-you-money/
  3. https://www.daveramsey.com/baby-steps/
    The first step to building wealth is to get rid of debt. Debt is like quicksand to building wealth where the more you fight to get free, the deeper you sink.
  4. http://www.mrmoneymustache.com/2013/02/22/getting-rich-from-zero-to-hero-in-one-blog-post/
  5. http://www.mrmoneymustache.com/2011/09/15/a-brief-history-of-the-stash-how-we-saved-from-zero-to-retirement-in-ten-years/
  6. http://www.mrmoneymustache.com/2011/09/17/the-race-to-retirement-revisited/

Understanding Money and the Economic Machine

  1. https://youtu.be/PHe0bXAIuk0
    How The Economic Machine Works by Ray Dalio
  2. https://youtu.be/23DNe0cJhcU
    The Monetary System Visually Explained

Personal Finance Tools

  1. I use Personal Capital to track my spending, saving, net worth, and daily progress towards my goal of financial freedom.
  2. I use Wealthfront for low-cost index investing (first $10,000 invested for free). Once you have crushed your debt, this is one of the first places to start investing and building your financial legacy.

Setting Your Financial Goals

  1. http://www.mrmoneymustache.com/2012/05/29/how-much-do-i-need-for-retirement/
  2. http://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/
  3. http://www.millennial-revolution.com/invest/how-much-is-enough/
  4. http://www.financialsamurai.com/recommended-net-worth-allocation-mix-by-age-and-work-experience/
  5. http://www.millennial-revolution.com/build/need-f-u-money/