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#63: My Favorite Financial Rules of Thumb
Manage episode 297322432 series 2680808
Finances can be tricky, whether you are buying a rental property, investing, or making a budget. I’ll frequently find myself getting stuck in a classic “paralysis by analysis” situation.
In times like this, what has helped me greatly is to refer to some simple rules of thumb for each situation. If you’re considering an investment or a purchase, having a rule of thumb can give you have a quick idea of whether it’s worth your time to pursue or analyze it further. Think of these rules of thumb as a basic guide to help make a quick determination.
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Manage episode 297322432 series 2680808
Finances can be tricky, whether you are buying a rental property, investing, or making a budget. I’ll frequently find myself getting stuck in a classic “paralysis by analysis” situation.
In times like this, what has helped me greatly is to refer to some simple rules of thumb for each situation. If you’re considering an investment or a purchase, having a rule of thumb can give you have a quick idea of whether it’s worth your time to pursue or analyze it further. Think of these rules of thumb as a basic guide to help make a quick determination.
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