This blog has two objectives. The first objective will be developing a set of performance measures or metrics, to help keep your goals well within sight. The other will be providing guidance to live a fiscally responsible life.
The three performance areas that we will focus on are: Financial, Personal, and Work. Below is a description of each of these areas.
- Financial Performance metrics emphasizes fiscal responsibility by focusing on spending, saving and reducing debt. These metrics do not focus on investments. This concept will be covered in more depth in later blog posts.
- Personal Performance metrics focuses on what you want to accomplish in the next year, 5 years, 10 years, or longer. For example, you may want to lose weight, maintain a certain weight, or thru hike the Appalachian Trail from Georgia to Maine.
- Work Performance metrics concentrate on your career, current job, or professional development. These metrics are designed to highlight where work performance can be improved and assist the move into your dream job or position.
Living fiscally responsible can be easy. Fiscally responsible means you are able to pay all debts incurred at one time. We believe to achieve being fiscally responsible you will need to spend less, save more and be prepared.
As the PFPM Blog progresses, we hope to bring you case studies of individuals that are using metrics to improved their performance, achieve their goals, and keep those ideas and future plans in sight. To achieve these tasks we will provide book reviews that emphasize financial, personal and work goals. Excel spreadsheets containing metrics that we currently use with calculations, definitions, and performance calculations will be posted to help you develop your own metrics and track your progress.
Questions and feedback are welcome.
Please remember advice given is the opinion of the creator and owner of the blog. Using this information is at your own risk.
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