Comments on: Advanced cash flow diagrams http://earlyretirementextreme.com/advanced-cash-flow-diagrams.html Becoming debt-free is the first step to building a better world. Financial independence is the second. Doing what YOU want is the third. Thu, 09 Feb 2012 00:07:08 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: blah http://earlyretirementextreme.com/advanced-cash-flow-diagrams.html/comment-page-1#comment-24100 blah Fri, 29 Jul 2011 03:21:27 +0000 http://earlyretirementextreme.com/?p=259#comment-24100 It is interesting the appreciation you show in this article for the visual representation of math. I have often thought the same thing, but it is because I used to see pretty well and got straight A's in math, sometimes 100% perfect for a whole semester. My eyesight started to get worse, and I can tell you, when I used either audio or used Nemeth Braille (a Braille system for math which is more left to right in rows the way literary text is represented), I just didn't do as well, even failed my last semester of math in high school. I am not worse about thinking about math in my head, but keeping track of it without the visual representation is a pain. I just hadn't heard anyone express this connection between visualization and math as strongly as I have noticed it is until now. I don't know if everyone is that way and suspect that maybe it has to do with cognitive learning style, but not sure. Ever since I experienced that difference though, I have been interested in cognition and learning styles because that made me curious. It is interesting the appreciation you show in this article for the visual representation of math.
I have often thought the same thing, but it is because I used to see pretty well and got straight A’s in math, sometimes 100% perfect for a whole semester.
My eyesight started to get worse, and I can tell you, when I used either audio or used Nemeth Braille (a Braille system for math which is more left to right in rows the way literary text is represented),
I just didn’t do as well, even failed my last
semester of math in high school. I am not worse
about thinking about math in my head, but keeping
track of it without the visual representation is a pain.
I just hadn’t heard anyone express this connection between visualization and math as strongly as I have noticed it is until now. I don’t know if everyone is that way and suspect that maybe it has to do with cognitive learning style, but not sure. Ever since I experienced that difference though, I have been interested in cognition and learning styles because that made me curious.

]]> By: FreeUrChains http://earlyretirementextreme.com/advanced-cash-flow-diagrams.html/comment-page-1#comment-24064 FreeUrChains Thu, 28 Jul 2011 19:04:19 +0000 http://earlyretirementextreme.com/?p=259#comment-24064 My bad here is the link to the budget, http://www.vertex42.com/ExcelTemplates/personal-budget-spreadsheet.html My bad here is the link to the budget,

http://www.vertex42.com/ExcelTemplates/personal-budget-spreadsheet.html

]]> By: FreeUrChains http://earlyretirementextreme.com/advanced-cash-flow-diagrams.html/comment-page-1#comment-24063 FreeUrChains Thu, 28 Jul 2011 19:03:42 +0000 http://earlyretirementextreme.com/?p=259#comment-24063 I've been using this budget excel sheet everyday for the last 10 months, it's exactly what jacob is describing above. I modified it to my personal colors, and made it into a day to day with monthly tabs calendar to know when & where i spent what. I’ve been using this budget excel sheet everyday for the last 10 months, it’s exactly what jacob is describing above. I modified it to my personal colors, and made it into a day to day with monthly tabs calendar to know when & where i spent what.

]]> By: Glenn Dixon http://earlyretirementextreme.com/advanced-cash-flow-diagrams.html/comment-page-1#comment-13437 Glenn Dixon Thu, 08 Jul 2010 16:29:55 +0000 http://earlyretirementextreme.com/?p=259#comment-13437 dead dead dead - no link love dead dead dead – no link love

]]> By: Weekly Links Heat Wave Edition | sustainablelifeblog.com http://earlyretirementextreme.com/advanced-cash-flow-diagrams.html/comment-page-1#comment-13430 Weekly Links Heat Wave Edition | sustainablelifeblog.com Thu, 08 Jul 2010 12:54:39 +0000 http://earlyretirementextreme.com/?p=259#comment-13430 [...] Advanced Cash Flow Diagrams at Early Retirement Extreme.  I am quite fond of drawing a chart for anything that I can, and like jacob’s idea and the categories. [...] [...] Advanced Cash Flow Diagrams at Early Retirement Extreme.  I am quite fond of drawing a chart for anything that I can, and like jacob’s idea and the categories. [...]

]]> By: Joris http://earlyretirementextreme.com/advanced-cash-flow-diagrams.html/comment-page-1#comment-13426 Joris Thu, 08 Jul 2010 09:18:13 +0000 http://earlyretirementextreme.com/?p=259#comment-13426 @JFR It's not just you, I can't access Frugal Retirement either trough that link. @JFR
It’s not just you, I can’t access Frugal Retirement either trough that link.

]]> By: JFR http://earlyretirementextreme.com/advanced-cash-flow-diagrams.html/comment-page-1#comment-13421 JFR Thu, 08 Jul 2010 04:11:18 +0000 http://earlyretirementextreme.com/?p=259#comment-13421 Is it just me or the links to Frugal Retirement are dead? Is it just me or the links to Frugal Retirement are dead?

]]> By: Photoguy http://earlyretirementextreme.com/advanced-cash-flow-diagrams.html/comment-page-1#comment-13416 Photoguy Thu, 08 Jul 2010 02:39:30 +0000 http://earlyretirementextreme.com/?p=259#comment-13416 I used to do this type of analysis all the time. It's a great way to visualize complex flows (but I must say that it's not for everybody). There are a lot of graph mapping programs that will automatically make these type of diagrams (many of these are free and open source). You can even set them up so that you assign qualities to the lines such as associating thickness with some quantitative value (e.g., variable magnitude). One advantage of having it on a diagram is that that you can see a lot of patterns quite easily that might be difficult to discover in a spreadsheet. E.g., chains of nodes, nodes with lots of inflow, nodes with outflows, anomalous connections between nodes, etc. I used to do this type of analysis all the time. It’s a great way to visualize complex flows (but I must say that it’s not for everybody).

There are a lot of graph mapping programs that will automatically make these type of diagrams (many of these are free and open source). You can even set them up so that you assign qualities to the lines such as associating thickness with some quantitative value (e.g., variable magnitude).

One advantage of having it on a diagram is that that you can see a lot of patterns quite easily that might be difficult to discover in a spreadsheet. E.g., chains of nodes, nodes with lots of inflow, nodes with outflows, anomalous connections between nodes, etc.

]]> By: Robert Muir http://earlyretirementextreme.com/advanced-cash-flow-diagrams.html/comment-page-1#comment-13414 Robert Muir Thu, 08 Jul 2010 02:34:51 +0000 http://earlyretirementextreme.com/?p=259#comment-13414 Nevertheless, I think this mind-map cash-flow diagramming would be a valuable exercise. Nevertheless, I think this mind-map cash-flow diagramming would be a valuable exercise.

]]> By: Robert Muir http://earlyretirementextreme.com/advanced-cash-flow-diagrams.html/comment-page-1#comment-13413 Robert Muir Thu, 08 Jul 2010 02:32:49 +0000 http://earlyretirementextreme.com/?p=259#comment-13413 I think what Jacob is getting at, (what bar charts etc. can't depict), is the flow of all elements in our decisions. Especially the elements that Quicken doesn't track, i.e. time & health. It's basically placing all the elements from YMOYL into a graphical depiction. I'm not sure how beneficial the drawing would be if you've already bought into YMOYL and ERE. Once that happens, then the obvious goal is to get the cash flow from investments to exceed the requirements of necessary expenditures; and once that happens, job and commute is eliminated. Perhaps the drawing would help show the millstone a large house can become, or how much time and health are used up by job-related activities. Personally, I rather enjoyed Jacob's simplified cash-flow diagrams. They really showed graphically the difference between poor, middle-class, and wealthy thoughts, attitudes, and actions. I think what Jacob is getting at, (what bar charts etc. can’t depict), is the flow of all elements in our decisions. Especially the elements that Quicken doesn’t track, i.e. time & health. It’s basically placing all the elements from YMOYL into a graphical depiction.

I’m not sure how beneficial the drawing would be if you’ve already bought into YMOYL and ERE. Once that happens, then the obvious goal is to get the cash flow from investments to exceed the requirements of necessary expenditures; and once that happens, job and commute is eliminated.

Perhaps the drawing would help show the millstone a large house can become, or how much time and health are used up by job-related activities.

Personally, I rather enjoyed Jacob’s simplified cash-flow diagrams. They really showed graphically the difference between poor, middle-class, and wealthy thoughts, attitudes, and actions.

]]> By: HSpencer http://earlyretirementextreme.com/advanced-cash-flow-diagrams.html/comment-page-1#comment-13412 HSpencer Thu, 08 Jul 2010 02:11:31 +0000 http://earlyretirementextreme.com/?p=259#comment-13412 You can do it in Microsoft Excel, and then have Excel print out a bar graph or pie chart. You can run it on a daily basis with macros. I do it that way. Not sure what boxes and lines would do to improve things. Those could make possibly a clearer, easier to observe picture of the flow. Cash Flow is successful (positive) if: (a) Cash in, from all income sources, is greater than cash out, to all expenses or bills or predetermined purchases over a specific time period. (b) The system has a built in accumulator to provide for short term and long term savings growth. (c) The system has a built in accumulator to provide for an emergency fund, which includes at least some of your worst case emergencies. Of course it will not cover all, nor is that an intention of the fund. Cash flow is adjustable through control of either (1) Increasing cash in. (2) Decreasing cash out. (Make more money or cut expenses and purchases). For people doing daily work with investments, I think the "box" diagrams would be helpful. I can actually track most of my cash flow through my various bank statements, and I have never set up Quicken or Quick Books as I find them entirely too complex and time consuming. That's my opinion and I welcome yours--- (Phrase above was stolen from Mike Huckabee). You can do it in Microsoft Excel, and then have Excel print out a bar graph or pie chart. You can run it on a daily basis with macros. I do it that way. Not sure what boxes and lines would do to improve things. Those could make possibly a clearer, easier to observe picture of the flow.

Cash Flow is successful (positive) if:

(a) Cash in, from all income sources, is greater than cash out, to all expenses or bills or predetermined purchases over a specific time period.

(b) The system has a built in accumulator to provide for short term and long term savings growth.

(c) The system has a built in accumulator to provide for an emergency fund, which includes at least some of your worst case emergencies. Of course it will not cover all, nor is that an intention of the fund.

Cash flow is adjustable through control of either (1) Increasing cash in. (2) Decreasing cash out. (Make more money or cut expenses and purchases).

For people doing daily work with investments, I think the “box” diagrams would be helpful.
I can actually track most of my cash flow through my various bank statements, and I have never set up Quicken or Quick Books as I find them entirely too complex and time consuming.

That’s my opinion and I welcome yours—
(Phrase above was stolen from Mike Huckabee).

]]> By: Carol@inthetrenches http://earlyretirementextreme.com/advanced-cash-flow-diagrams.html/comment-page-1#comment-13410 Carol@inthetrenches Thu, 08 Jul 2010 00:27:07 +0000 http://earlyretirementextreme.com/?p=259#comment-13410 Ok. So it's on a diagram instead of a spreadsheet. What are you going to do with the information next and what conclusions have you been able to draw? I used to do something similar but very simple with stress areas. The bigger the circle the more the stress. Helps put things in perspective. Showed me what to work on and what to mellow out about. Guess a bar chart would have worked too. But I got to say that most people will call that nuts. :)lol I just say it's from my dad's side of the family. Ok. So it’s on a diagram instead of a spreadsheet. What are you going to do with the information next and what conclusions have you been able to draw? I used to do something similar but very simple with stress areas. The bigger the circle the more the stress. Helps put things in perspective. Showed me what to work on and what to mellow out about. Guess a bar chart would have worked too. But I got to say that most people will call that nuts. :) lol I just say it’s from my dad’s side of the family.

]]> By: Robert Muir http://earlyretirementextreme.com/advanced-cash-flow-diagrams.html/comment-page-1#comment-13404 Robert Muir Wed, 07 Jul 2010 17:10:21 +0000 http://earlyretirementextreme.com/?p=259#comment-13404 It's very like a mind-mapping exercise. I bet that the right mind-mapping software could handle this. It wouldn't be worth the money though. It would be far better to just sit down with some colored pencils and draw it out from your spreadsheet. It’s very like a mind-mapping exercise. I bet that the right mind-mapping software could handle this. It wouldn’t be worth the money though. It would be far better to just sit down with some colored pencils and draw it out from your spreadsheet.

]]> By: starshard0 http://earlyretirementextreme.com/advanced-cash-flow-diagrams.html/comment-page-1#comment-4762 starshard0 Wed, 06 May 2009 15:40:14 +0000 http://earlyretirementextreme.com/?p=259#comment-4762 Someone ought to make a program that does this. Someone ought to make a program that does this.

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