Creating & Monitoring Pillars
Personal Finance Essentials Series
Where do your Pillars of Wealth (or assets) come from? Money doesn’t magically appear in your retirement accounts; a home doesn’t build and pay for itself; your medical practice isn’t established by divine edict.
Your pillars of wealth are enabled by your human capital—everything is made possible by your education, expertise, and hard work.
Your human capital also depends on the support you receive from your spouse or partner (your Pillar of Strength).
Pillars of wealth may be tracked using a balance sheet.
Dr. Yuval Bar-Or
Creating and Monitoring Pillars - Introduction
Human Capital
Pillar of Strength (Your Spouse/Partner)
Tracking Your Assets
Sample Multiyear Personal Balance Sheet
Mapping Pillars to Balance Sheet Assets
Sample Personal Balance Sheet
Personal Balance Sheet Template
Axioms & The Time Value of Money
Future Value
Present Value
Net Present Value
Figure 1 Time Value of Money
Time Value of Money Examples