I see personal finance in a rather simple manner. You have sources and uses of income. Your sources can come from a number of activities: wages, investments, dividends, passive income, businesses, and etc. Your uses of income are obviously your living expenses plus your discretionary income. Discretionary income is the excess income that remains after you pay for your necessities: housing, utilities, medical bills, food, and etc. You have a choice of what to do with this excess money.
I think the most fundamental concept in improving your financial position is to be consistently increasing your sources of income while consciously trying to minimize your uses. Although this is a relatively elementary idea, many people still struggle with it. You see millions of Americans struggle with debt, spending more money than they earn. You see people neglecting to save for retirement, opting to spend their excess cash irresponsibly.

With this blog, I hope to learn and write about new ways of creating additional sources of income while improving on the ways we currently make money. I also want to reveal new ways to save money, to find more efficient uses of our money, and to discover different strategies to increase our net worth.