Build wealth. Love your life
There are benefits to having a later life mortgage ranging from preparation for your golden years to benefaction and preserving the possibility to borrow. As usual with money, there are also mistakes you must avoid. Benefits and mistakes are set out in this post. “My new apartment is lovely. Unfortunately,…
Deciding how to organise family finances is not as straightforward as it used to be. My mum and dad, for example, didn’t need to make complex decisions about that: my dad worked, my mum looked after the children and all money was shared. There is also the part where my…
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. …
Introduction Today I’d like to chat about ways to transform wealth into wellbeing. Why do we need to talk about that? Two reasons, really. First, wealth matters little if it doesn’t nourish our lives and contribute to our wellbeing. And second, in our pursuit of wealth, we often forget the…
‘What is your biggest success?’ – a friend asked me recently. Oh, gosh. My brain started spinning with examples of my savvy money decisions in the last eight years. Nothing seemed noteworthy enough to mention as my biggest financial success. What would you answer if someone asked you what…
Editor’s note: Many people believe, somewhat misguidedly, that their future prosperity depends on spreadsheets, calculators and the iron discipline to squeeze the living hell out of your life. I’m not one of those. Yes, I have spreadsheets and I know my day-to-day money; what I find most helpful in the…
Beating your investing goals is more about knowing yourself than it is about picking stocks A recent article did a great job of describing ways to make your money work for you. Of the five investments, I’ve actively invested in four and love the results I’ve gotten from each. It…
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…
How is your Sunday going? Mine is great. I’m packing for my next trip – this time to Georgia the Country – while looking at a very large Christmas tree and writing this note to you, friend. Why the hurry? Because I just realised that I have not chatted to…
Does your teen think you are poor even when you’ve just returned from a nice holiday in the sun? They may be displaying early symptoms of what is known as a poverty mentality. And if poverty mentality was only mildly unpleasant and offensive to you, I wouldn’t be telling you…
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…
“Are we going to be poor, mum?” – my teenage son asked. I was driving us to the gym and we were talking about changing our phones. Naturally, he wants a top-notch iPhone; I understand that. I worship in the temple of ‘Apple’ too. What was my son about? I…