One of the more powerful concepts to understand in the matter of personal finance is cash flow. Unfortunately, many people do not truly understand cash flow, nor do they grasp the crucial role it plays in regard to their own personal finances...

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The 2nd Edition of The Carnival of Cashflow Consciousness is up and live. Go check out some of the great articles for ideas on generating passive income, residual income, and building positive cash flow!

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While there is no single best measure of wealth, net worth is a seriously flawed metric.

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I found many personal finance books to be boring and intimidating. They usually go into great detail about setting your financial goals, budgeting, etc. — but they don’t tell you the big picture in a simple and concise way. As the most financially astute person in my family, I use the following explanation to help my family gain a better understanding. Here it is, wealth building in a nutshell…

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