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The Iron Law of Wealth Building (or How to Translate Personal Financial Statements into Results) RPF0029

Radical Personal Finance

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A Rational Approach to Looking at Deficits

A rational approach to looking at deficits should say, well guess what, i'm going to refinance my debt to get it at a lower rate. While that cuts my outflow because it reduces my interest expense, i'm oing to choose to pay off my debt and get a greater return on my surplus. So now i must add another kind of sub lever: We can adjust the size and the characteristics of our inflows. And into those three kinds of adjustments, i can fit every single financial planning article, book, essay, anything that suggestion, advice, anything that people have to say. But ultimately, it all comes down to infloes and outflows.

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