Comments on: Personal Finance Interview with Chanpory Rith of LifeClever.com ;-) http://www.mint.com/blog/personal-finance-interview/personal-finance-interview-with-chanpory-rith-of-lifeclevercom/ The blog of the free, simple personal finance solution. Track all your spending automatically, find the best deals, save more money. And save the world. Fri, 20 Nov 2009 20:48:42 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: Chanpory http://www.mint.com/blog/personal-finance-interview/personal-finance-interview-with-chanpory-rith-of-lifeclevercom/comment-page-1/#comment-1179 Chanpory Mon, 02 Jul 2007 20:59:53 +0000 http://www.mint.com/blog/personal-finance-interview/personal-finance-interview-with-chanpory-rith-of-lifeclevercom/#comment-1179 Hey Levon, that wallet is by Dior Homme which i got at Saks Fifth Avenue here in San Francisco. It's really a "card holder" but it's minimal enough for my needs. Hey Levon, that wallet is by Dior Homme which i got at Saks Fifth Avenue here in San Francisco. It’s really a “card holder” but it’s minimal enough for my needs. ]]> By: Dave Schappell http://www.mint.com/blog/personal-finance-interview/personal-finance-interview-with-chanpory-rith-of-lifeclevercom/comment-page-1/#comment-1126 Dave Schappell Fri, 29 Jun 2007 19:52:36 +0000 http://www.mint.com/blog/personal-finance-interview/personal-finance-interview-with-chanpory-rith-of-lifeclevercom/#comment-1126 Not sure if you've already covered this, but the most effective financial planning tool for me has been to compile a Net Worth statement, and then track my progress every month. I've been using the same simple Excel spreadsheet with assets and liabilities for almost 10 years. It allows me to tracks Highs and Lows on my net worth, set goals for each year and to keep an eye on those fun 20 and 30 year projections, assuming similar growth, investment rate on assets, etc. Once you start doing this, it makes you think more seriously about those larger depreciating asset purchases. And, my wife just loves it... not! ;-) Not sure if you’ve already covered this, but the most effective financial planning tool for me has been to compile a Net Worth statement, and then track my progress every month. I’ve been using the same simple Excel spreadsheet with assets and liabilities for almost 10 years. It allows me to tracks Highs and Lows on my net worth, set goals for each year and to keep an eye on those fun 20 and 30 year projections, assuming similar growth, investment rate on assets, etc.

Once you start doing this, it makes you think more seriously about those larger depreciating asset purchases.

And, my wife just loves it… not!

;-)

]]> By: Scott Elias http://www.mint.com/blog/personal-finance-interview/personal-finance-interview-with-chanpory-rith-of-lifeclevercom/comment-page-1/#comment-1095 Scott Elias Fri, 29 Jun 2007 04:46:53 +0000 http://www.mint.com/blog/personal-finance-interview/personal-finance-interview-with-chanpory-rith-of-lifeclevercom/#comment-1095 I despise balancing my checkbook (or Quicken - whatever!) so I don't do it. Online banking has gotten so good lately that I don't see the reason to record every transaction. Back in the "old days" when we were writing checks, it was important because it could be days (weeks!) before a check was cashed, but with debit cards, I can swipe my card at the Subway or Qdoba and the transaction shows up on my bank's website before I get home. I despise balancing my checkbook (or Quicken – whatever!) so I don’t do it. Online banking has gotten so good lately that I don’t see the reason to record every transaction. Back in the “old days” when we were writing checks, it was important because it could be days (weeks!) before a check was cashed, but with debit cards, I can swipe my card at the Subway or Qdoba and the transaction shows up on my bank’s website before I get home. ]]> By: levon http://www.mint.com/blog/personal-finance-interview/personal-finance-interview-with-chanpory-rith-of-lifeclevercom/comment-page-1/#comment-1075 levon Wed, 27 Jun 2007 17:02:01 +0000 http://www.mint.com/blog/personal-finance-interview/personal-finance-interview-with-chanpory-rith-of-lifeclevercom/#comment-1075 Feel your pain. I also tried to track my every transaction using Excel. That sucked and I gave it up. Now I purchase everything through my one CC. This way I can see how I'm spending my $. What kind of a wallet is that? I really like it! Feel your pain.
I also tried to track my every transaction using Excel.
That sucked and I gave it up.
Now I purchase everything through my one CC.
This way I can see how I’m spending my $.

What kind of a wallet is that? I really like it!

]]> By: Misti http://www.mint.com/blog/personal-finance-interview/personal-finance-interview-with-chanpory-rith-of-lifeclevercom/comment-page-1/#comment-1074 Misti Wed, 27 Jun 2007 16:20:20 +0000 http://www.mint.com/blog/personal-finance-interview/personal-finance-interview-with-chanpory-rith-of-lifeclevercom/#comment-1074 I really like the idea of spliting your money into percentages like that on those areas. It's simple but is it effective? How long has Chanpory been doing that? His net worth doesn't let us know if it's working out for him. I really like the idea of spliting your money into percentages like that on those areas. It’s simple but is it effective? How long has Chanpory been doing that? His net worth doesn’t let us know if it’s working out for him. ]]>