I have been managing our family finance a private wealth manager for over a decade. Here is a brief summary of our family finance.
Posts published in January 2024
The formal organizational structure is a deliberately planned structure of roles, authority relationships and communication channels in a business.
My wife and I have reached the status of financial independence for our family starting from 2022 as our FI Ratio was 100%.
Product Service System Models offer a function of a product rather than the physical product itself. Focus on needs of consumers.
When it comes to financial independence, you can afford to do what you like not what you have to, and work for something else than money.
Sharing Models rely on offering services where customers share products, resources or assets rather than owning such items for themselves.
Product Life Extension Models aim to extend the life cycle of their products in order to reduce the use of finite resources needed to produce them.
Resource Recovery Models focus on recovering and reusing resources from waste streams. This can be done through a variety of methods in a sustainable way.
The quest for ‘ultimate’ financial goals is a deeply personal one, as it will vary greatly depending on your individual values, aspirations and circumstances.
Circular Supply Models focus on replacing finite natural resources with renewable, recyclable and biodegradable resources in a sustainable way.
Circular Business Models (CBMs) focus on multiple-use resources and products which are reused and remain in the economy for as long as possible.
When thinking about preparing family financial plan, you first need to consider your family's specific situation. Every family is different.
Traditional Business Models (TBMs) focus on single-use resources and products which are then discarded as waste.
Cell production adapts the assembly line by splitting the entire flow production process into self-contained units or product-focused work groups with full autonomy.
Building strong emergency funds is a crucial step towards financial security, providing a safety net and peace of mind when unexpected expenses arise.
Mass customization means producing large quantities of products with slight variations to each product which is modified to satisfy individual customers’ requirements at mass-production levels.
This article is about my investment principles which are fairly simple. It is all about making safe investments for my money and stable growth.