Being the household CEO can be a very lonely job indeed, but it doesn’t have to be.  In multiple-person households, there may be others (usually the spouse) who will wish, or even insist, to be a part of the financial management process.  Luckily, in order to keep harmony within the household, the savvy household CEO can delegate many of his responsibilities to a second management position.  This adjunct position is

Continue reading What the Heck Does a Household CFO Do?

Okay, so you’ve heard me preach that the job of household CEO is a relatively easy one.  I’ve already discussed the primary qualifications that every household CEO must have in hand, but just what is it that a household CEO does?

To answer that question let’s first look at what most corporations expect from their CEOs.  When they are not drawing a fat paycheck, receiving copious stock options, enjoying all-expenses paid

Continue reading What the Heck Does a Household CEO Do?

Anybody can run a household like a business, but to do it effectively you first have to appoint a household CEO in order to get the job done.  Of course, the best candidate for running your household is always YOU.

For those of you that already are having doubts about taking on the role of a household CEO, stop it.  As I said in yesterday’s post, getting your financial house in

Continue reading Treat Your Household Like A Business

One significant insight that people should take from the current federal corruption charges made against Illinois Governor Rod Blagojevich is that a high household income can never be assumed to be a guarantor of  financial freedom.   According to this report, Blago and his wife were struggling to keep their heads above water despite a combined average household income of almost $350,000 per year since 2003.

Incredible, huh?

Financial freedom should never be

Continue reading High Incomes Don’t Guarantee Financial Freedom