Muhlenkamp Marathon Financial Training Workbook

There are many similarities between training for a marathon and creating a legacy of financial freedom—both take desire, time, effort, and discipline. Our workbook contains 26.2 “miles” of financial information to use as a reference guide to keep you on course, including best practices based on current tax rules and regulations, as well as words of wisdom based on experience, observation, and statistics.
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Cash Flow Statement

A personal cash flow statement is a spreadsheet you can use to see where you spend your income over a period of time. This cash flow statement is set up so you can use it to estimate your monthly inflows and outflows, document the actual amounts, and plan your spending for next month.
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Balance Sheet

A balance sheet is a spreadsheet used to find your net worth at a specific point in time. You subtract your total liabilities from your total assets. If you calculate your net worth on a periodic basis, you can determine whether your total assets are growing or shrinking. To increase your net worth, you must shrink your debt (liabilities) and grow your assets.
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SMART Financial Goals – Short Term

Short-term financial goals are those goals that you would like to achieve in five years or less. The reason for separating short- and long-term goals is because the number of years that you have until your target date will affect where you should save or invest the assets you are accumulating to reach these goals.
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SMART Financial Goals – Long Term

Long-term financial goals are those goals with a target date more than five years away. For long-term financial goals, you have to grow your assets to counteract the effects of inflation, but you don’t have to worry as much about short-term market volatility or liquidity.
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Recap: December 3, 2015 Investment Seminar

On December 3, 2015, portfolio managers Ron and Jeff Muhlenkamp provided an update on the checklist they use to monitor...
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How Shale Gas Benefits the Consumer

This essay was originally published in 2012. Ron—investment manager, engineer, farmer, and landowner—examines how the consumer of natural gas is...
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Natural Gas, Hydraulic Fracturing, and Water

This essay was originally published in 2013. Ron examines the amount of water that is produced by burning methane and...
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Shale Gas an Environmental Perspective

This essay was originally published in 2012. Ron compares the carbon content of various energy sources and the number of...
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Shale Gas Versus Ethanol A Water Perspective

This essay was originally published in 2012. Ron examines the amount of water needed to produce the BTU equivalent of...
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