Build wealth. Love your life
Who isn’t looking for frugal tips to lower their energy bill, right? It is winter and the costs of energy are creeping up. And the higher your energy bills goes the lower your belly sinks because cash is tight, especially this winter. I know. I’ve watched our energy bills…
This is the second instalment of The Money Principle focus on money – today, I made an inventory of our investments and savings. This year has been a health, emotional, and investing rollercoaster, and my inventory is a testament to that. Still, our investments and savings’ total value is…
We all know that we should save but, when money is coming into our accounts and those temptations appear so close, putting that cash aside for a rainy day doesn’t seem appealing. That’s especially true if friends and family seem to be buying freely and loving life, but even if…
You know, I can hardly look through the personal finance articles of the day without reading something that extols the power and beauty of compound interest. Personal finance geeks will tell you to start saving as early as you can so you don’t miss out on compound interest. They’d tell…
‘Why do I need a guide to ISAs?’ – you may ask. Because the number of saving and investing options has increased dramatically and with this, our choices have become non-trivial. I still remember the time when saving options were few and saving was easy. Okay, not easy but…
There are many myths online about saving money and toxic beliefs about paying off debt that simply don’t work in real life – and with 18% of the American population not saving any money at all, it’s important to avoid these myths. Are you unknowingly preventing yourself from saving…
“Gosh, I’m so glad I have no savings and a lot of debt!” It was a dark autumn evening in 2007 and I had just spent couple of hours in a lecture theatre full of people frantically worried about their savings, pensions and investments. Most had worked hard for decades…
You may think that being a saver is boring and it will damage your groove. I thought so as well! For decades I was the hedonistic intellectual who was above and beyond money. Only, I wasn’t. Still, I found saving boring and didn’t even think of doing it. Well, apart…
If you’re struggling to keep your everyday bank account coloured in that healthy black shade, then hearing that the big energy companies will increase the price of energy bills this year – some by more than 10% – probably didn’t come as welcome news. It doesn’t matter whether you have…
Editor’s note: Please welcome The Money Principle’s new staff writer Alex. He used to write on accasional basis last year when he was trying to get a job. Now, he’s finally realised that it may be a better strategy to find work and create a ‘patchwork’ income. We would like…
The other day I was talking to a younger colleague of mine and it occurred to me that young professionals today have a specific problem. No, it isn’t that they are in debt because of expensive but relatively useless education. As it happens, my colleague and his wife have paid…
Many years ago I persuaded myself that, as I had become self-employed, it was important to take care of my aged self. Or at least, think about it. I don’t recall now whether this was from a call or a suggestion or I came to the conclusion without prompting. I…