The Priority Pyramid

Bruce Sellery has devised a system to help you reach your financial goals.

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If you want to get a handle on your money, but just don’t know where to start, then you need the Priority Pyramid. The Priority Pyramid lays out the best way to approach your money and take control of your finances.

Everything becomes easier once you’re pointed the right direction, and that’s precisely what this approach can do for you. Should you be investing or saving? Fretting about taxes or buying derivatives? It can get overwhelming and, quite frankly, fruitless if you try to tackle them all at once. At the end of the day you won’t be any closer to reaching your goals. For instance, focusing on stock picks is all fine and good, but it makes little sense to put your energy here if you’re paying 20% interest on your credit card debt.

The Priority Pyramid tells you when you can think about investing and when you need to save. There are five levels in the Priority Pyramid: cash flow, debt, saving, taxes, investment performance and optimizing returns. Once you’ve mastered the first level you can move up to the next.


In this video Bruce Sellery explains how each level works. It’s time well spent.

ask@moneysense.ca

2 comments on “The Priority Pyramid

  1. Very good advices! But where do you put life insuraces et disability insurances in your system? Thank you

    Reply

    • Wow, deep post.I too, struggle with many of the thnigs you have written about. The PF and investing blogging space has gotten absolutely HUGE in recent years. I guess you could include me in that growt, I’ve been blogging only for the last two years and self-hosting for just 9 months.Being a small fish in a big pond, can be very frustrating. Then again, it can be rewarding depending upon what your goals and objectives of this blog are.I know for me, part of my blog is for therapy. I find getting my thoughts down in black and white help me get more financially organized and focused. My writing is certainly far from perfect, but I’m not in this thing for a Giller prize or anything.I want to share what I know, what I don’t, and have a forum to learn from and monitor my financial progress. If I surpass 1,000 readers this year, great, but it’s not the end of the world if I don’t.I also struggle with the networking. I’m not great at it nor do I strive to fit into it . I promote who I like, articles I’ve enjoyed but I do not do this at whim. Simply takes too much energy Back to you and your decision, I would make a list (a blogpost maybe?) on why you’re doing this , how this blog is fulfilling or fueling some passion in you. If in the end of that internal search, if more cons show up than pros then you have your decision.In closing, I hope you stick around for a bit Kim. I enjoy the detailed posts and perspectives you offer. I encourage you to keep BJ going. It doesn’t have to be all about quantity. If you have quality (and you do), you enjoy writing, many other people will gladly follow . Myself included Take care, Mark

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