The Financial Roadmap for High School Graduates Navigating Money Matters with Confidence Congratulations, recent high school graduates! As you step into the next chapter of your lives, there’s an exciting world of opportunities. By mastering the art of financial management early on, you can set a solid foundation for a prosperous future. This is for […]
The Financial Roadmap For High School Graduates Read More »
The Great Retirement Withdrawal Rate Debate : And why Dave Ramsey Is Wrong Many people dream of the day when they will retire. There aren’t many topics as polarising in the personal finance world as that of retirement. This week a Dave Ramsey video got the whole Finance Twiitter world in a spin. When should
How Much Can You Withdraw When You Retire? Read More »
It’s Never Too Early To Start The teenage years are a time of growth, self-discovery, and laying the foundation for the future. While it may seem early to think about building wealth and happiness, the truth is that the habits and choices you make now can have a significant impact on your long-term success. Let’s
Top 12 Ways For Teenagers To Invest In Themselves Read More »
Budget or ‘Pay Yourself First’? This post will question whether a budget is the best solution for increased savings Traditional money advice often starts with telling you that you need to create a budget. It says that you should analyse your current spending and identify areas that can be cut back, create a plan of
Why You Don’t Need A Budget Read More »
Knowledge Is Power And Reading Books Gives You Knowledge It is fair to say that there have been quite a few personal finance books written over the years. Many preach the same messages as this top 10 list again shows. However, there still seems a need for this advice as most people continue to follow
The 10 Personal Finance Books You Need To Read Read More »
Our Relationship With Money Our relationship with money can be simple or we can make it complicated. The world tends to complicate things and it is sometimes useful to just step back and think of simpler times and simpler ways of looking at life. If your goal is ‘financial freedom’ then you should really consider
My Grandmother’s 5 Simple Steps To Financial Freedom Read More »
Understanding Opportunity Costs ‘The cost of the next best alternative forgone’ That’s the definition of opportunity cost that I teach my students. But the important addition is to include ‘… when making a decision’. Decisions are everywhere, therefore economics is everywhere. Opportunity cost is the cost of the next best alternative forgone when making a
What Is The Opportunity Cost Of Not Learning Economics? Read More »
Bankruptcy We have all seen examples of financial failures. For some it comes down to unavoidale factors; bad luck, poor timing or a poor economy. The concept of bankruptcy – seeking legal relief for one’s debts, whether personal or in business – dates back at least to the 1500s if not earlier. The term comes
How To Avoid Joining The Long List Of Financial Failures Read More »
Your Relationship With Money Is Important We all have different relationships with money. But as Morgan Housel says in his book “The Psychology Of Money”, ‘we’re not all crazy’. We have just had different experiences that have shaped how we feel about money. This also shapes how we treat money and how we see money
Why Is Your Relationship With Money Important? Read More »
In the realm of personal finance and wealth accumulation, certain principles have stood the test of time. Some of these guiding principles have been passed down through generations, transcending the boundaries of time and culture. Here is where can easily see that wealth wisdom is timeless. But for most people, they have either been lost
Wealth Wisdom Is Timeless Read More »
