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Category: Savings Rate

Our Savings Rate in 2019

Our Savings Rate in 2019

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Savings Rate

The holiday season just came to an end and it feels like the right time to go back and evaluate how well we did in the year that just passed. Both my wife and I set personal and professional goals at the beginning of the year but if there is one thing we also look forward to is calculating our annual savings rate.

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A Model To Estimate Your Savings Rate – The QDIKW Pyramid

A Model To Estimate Your Savings Rate – The QDIKW Pyramid

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DIKW Rock Pyramid

I’m a big fan of the DIKW model or DIKW pyramid. It is a method that aims to explain the ways we move from Data to Information, Knowledge, and Wisdom with a component of actions and decisions. Simply put, it’s a model to look at various ways of extracting insights and value from all sort of data. It’s often depicted as a hierarchical model in the shape of the pyramid and also known as the data-information-knowledge-wisdom hierarchy.

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