Who said “Follow the Money” first? Deep Throat. That was the code name for the Watergate informant about wrongdoing by the Nixon whitehouse that eventually led to the resignation of the President, and who was first made famous in the 1974 book “All The President’s Men,” by journalists Bob Woodward and Carl Bernstein, and was later played by Hal Holbrook in the 1976 film of the same name. It was most decidedly NOT said in the Linda Lovelace porn film of the same name, or in efforts to have Courtney Love and later Lindsay Lohan depict Linda Lovelace on film which were scuttled due to the actresses well documented struggles with substance abuse. (Extra Credit: Deep Throat was revealed to be William Mark Felt Sr., former Associate Director of the FBI, in the July 2005 issue of Vanity Fair.) But I digress.
But I’m not talking about Watergate. I’m talking about you, and your path to financial wellness. In the earlier post “You Need Your F*@k You Money!” we went over a simple way to calculate your Net Worth. If you haven’t done that yet, please jet over there and work through that exercise. Now we have to do the next step in getting an accurate read of your financial situation: where you are spending your money and how that compares to your income. Continue reading