A Brief Note on Passive Income: Forever Nirvana or a Wild Goose Chase
Passive income is a tantalising prospect. When it comes to reality and making real cash, things can resemble a wild goose chase rather than a ‘forever’ nirvana. There is a lot of talk in the media about passive income. It is presented as the panacea that will allow us…
5 Excellent Reasons to Celebrate Your Debt While Paying It Off
Have you considered learning to celebrate your debt? I bet you haven’t. I bet you spend your time vilifying, hating, and fearing your debt. You are not alone. Most of us, who have real-life experience with enormous debt, have swum in the ocean of negativity that comes with realising…
The Money Principle Manifesto Revisited
Dear friends of The Money Principle, With this post, I am going back to the beginning. You may not remember or know that, but this site used to be where I shared with you my thoughts, struggles, and life (such as it is). When I did that, my heart…
Pay Off Debt Inpiration From Someone Who Paid Off £21,000
Editor’s note: Today I offer you the story of one couple who are pay off debt inspiration – they paid off £21,000 in eight months. Ruth, who blogs at MoneySavvyMumUK.com, and her husband tell a powerful story of money success, learning and progress, and hope for the future of…
How to Make Buying a Car an Investment
We’re told that the minute you drive a new car off the lot, the value goes down significantly; the question is, can we make buying a car an investment? So, how do you make a necessity that is bound to lose value into a worthy investment? It all depends…
Pros and Cons of Debt Consolidation
When we were in debt, we didn’t even have the luxury to consider the pros and cons of debt consolidation. We had to consolidate because we had so much debt that simply paying the credit card minimum payments was pushing us further into debt. We didn’t stop to think,…
Planning An Early Retirement?
If early retirement was possible, most of us would do it. But how can it be achieved? Here are some tips to retire sooner rather than later. How to plan for an early retirement Retirement, it’s something many of us don’t think about. Why isn’t it covered in the…
Living a Frugal Life Now Can Have Lots of Long-Term Perks
Living a frugal life means being very rational and intentional with your spending. It involves prioritising your spending on things that matter the most and cutting back on those that don’t. Living frugally can have different meanings to different people. However, it does not necessarily mean choosing a staycation…
I Just Sold All My Investment and It is a Good Thing
Yes, you heard me right – I just sold all my investments. Stocks and Shares ISAs? Sold. Gold coins? Sold. Share in a garage? Sold. Put all my money in our savings account – it is secure there, and it yields a bit of interest. Last tax year, our…
How Has My Relationship with Money Changed Over the Years?
Editor’s note: You, friend, already know I’m very interested in the softer side of money management, including the way our relationship with money shapes our financial health and wealth. Here is a wonderful guest to share the evolution of her relationship with money: from a saving child, through a credit…
Debt Freedom Lessons From 15 Personal Finance Bloggers Who Have Paid Off Their Debt
Debt, and how to pay it off and become debt-free, are very much on the agenda. Debt freedom lessons offering wisdom and inspiration are like rain after a long, dry summer. While we still can only guess the size of the economic fallout of the Corona pandemic, it is…
Can You Pay Off Your Debt? Here is How You Know for Sure (And What to Do About it If You Find You Cannot)
For years people have been telling you that you can pay off your debt – just spend less than you earn. But here is the thing: paying off your debt is not always as easy as cutting out some ‘fat’ from your budget. It is a bitter truth to…