I recently talked with a friend who was into investing. She was somewhere in the midst of discussing different stock valuation theories when I finally realized I was in over my head.
The truth is most of us don't have the time or interest to become expert traders. But we do need to be responsible enough to provide for our families.
Every few months, we evaluate how well we are using our monies. That process has helped identify four simple principles. If we follow these basic principles, we're usually in a pretty good spot financially.1