Immersion 3: Personal Wealth

1. True wealth? The stuff money can't buy, of course. The stuff we forget about until it's damaged, receding or gone. Health, relationships. Interesting job. A view over the sea. A garden to tend. Kids to play ball with.
2. But if we need to talk money, calculate your wealth not by salary nor car but by balance sheet. Otherwise you might become 'big hat no cattle'.
3. Your personal balance sheet=assets (house)-liabilities (debts).
4. Simple strategies to sort one's finances:
5. Save, then spend.
6. Know what comes in and what goes out.
7. Create and stick to budgets for areas of spending. 
8. Minimise debt 
9. Use cash rather than credit cards more often, You feel the appropriate value of money more easily.
10. There is a difference between standard of living (stuff) and quality of life (soul). They can equate initially, But chasing too much of the former can ironically damage the latter.