Build wealth. Love your life
Your net worth is the best overall measure of your financial position. Your net worth change over time is a measure of personal finance success (or failure). Analysing net worth regularly is ‘chicken soup’ for your wealth. I’ve written about the importance of knowing your net worth before. There are…
In this post I look back at our earnings, spending and cash flow during 2018 using The Money Principle Monthly Budget Planner. This, hopefully, will: Inspire you to take stock of your annual earning, spending and cash flow; Provide you with a blueprint for doing your annual money review; and…
Having a good financial score is important. There are easy to implement ways to improve your credit score. A healthy credit score opens a whole host of opportunities. Your credit score is an asset that is easily affected; both positively and negatively. It’s important to understand how you can improve…
Editor’s note: This is a guest post by Millionaire Mob, a blog focused on ways to improve your financial future. They have helped thousands of people with bettering their financial future through passive income, dividend investing and travel hacking. In this post you’d find ways to save money on travel…
Today I ask you how much money you need to change your life. You can answer by: Working out where you stand now according to material wealth and emotional wellbeing. Deciding where you wish to be. Examining your motivation. Estimating how much money you need to achieve the change. …
What do you reckon, friend, is a holiday in the sun worth getting in debt? I can tell you what I think. I most emphatically believe that nothing is worth getting in debt; not even a week of sunshine, sea and beautiful beaches. Still, this is the reformed me; the…
What would you say has been your biggest money mistake to date? Did you spend more than you make? Did buy something you never used? Did you invest without doing your research? Yes, I know. I have made these mistakes as well. (I’m saying this just in case you…
Do you still lament the opportunity you missed five years ago? Or you are where you are because you’ve had no opportunities. Or you’ve been faced with too many opportunities and couldn’t make up your mind. Guess what? Opportunities are ten for penny: you have to learn to spot them….
There are many lies about money you probably still believe. Don’t blame you – I did believe many of these money lies as well before I put my brain into gear and did some sums. You don’t even need complex maths, or any maths for that matter, to see that…
Do you spend hours pouring over your budget just to end up the month broke and disappointed? Yes, I used to do this as well. I’d spend my time and energy deciding what I’m allowed to spend on different items just to find that I’d forgotten something important. At the…
In this post, I’ll tell you about four kinds of free summer holiday activities that your family would love; and these will also make your wallet sing with joy and spare cash. Summer holidays could be expensive. I’m not talking only about the costs of transport (in our case usually…
Having conversations about money with teens is not easy. In this post I share why the most important money competence you can help your teen develop is spending money, the five essential skills when spending and how I’m trying to do this with my son. The five essential skills to…