Part I: Building a Snowman
Your income is where we’ll begin to demonstrate how personal finance is as simple as building a snowman. We’ll compare money earned to a fresh snowfall and discuss the similarities in next steps. The section ends with the first analogy I used to help my brother years ago. We’ll compare inflation and its impact on your money to a snowman stuck in the blistering sun.
Along the way, we’ll cover:
Setting aside money as it’s earned to pay off debt or to save
Investing your savings to help them grow
Choosing the right investments for your needs
Taking on the right amount of risk to reach your goals
Protecting your savings from unexpected expenses