Among all the financial data and information that is necessary to build and maintain your financial and retirement planning, there's one number that, in my opinion, is important above all others. It's your "MDI" or monthly discretionary income. This is the average number of dollars you have each month after you've paid all your normal bills and supported your lifestyle. This number can be positive (surplus) or negative (deficit).
Your Most Important Money Number - Episode 6
Your Most Important Money Number - Episode 6
Your Most Important Money Number - Episode 6
Among all the financial data and information that is necessary to build and maintain your financial and retirement planning, there's one number that, in my opinion, is important above all others. It's your "MDI" or monthly discretionary income. This is the average number of dollars you have each month after you've paid all your normal bills and supported your lifestyle. This number can be positive (surplus) or negative (deficit).