It’s coming up for the end of the year and after 365 days of toil, the temptation is there to take your 13th cheque or annual bonus (for those who are lucky enough to receive one) and spend it on some serious retail therapy. As much as you deserve to be spoiled, there are far smarter ways to spend your 13th cheque and ones that aren’t necessarily going to deprive you of some much-need...
Read More..We tend to think of wealthy people as being lucky because they can afford to spend their money on anything they like. Well, that’s all a misconception: wealthy people don’t spend carelessly because they have money; they have money because they don’t spend carelessly! Becoming financially independent starts with healthy saving habits and the sooner you cultivate these habits, the wealt...
Read More..The whole aim of creating a budget is to gain control over your financial life, the overarching benefit of which is (ultimately) financial independence. That’s the dream, isn’t it? Being able to take care of yourself and your family while still being able to afford the things you want. Smart budgeting and having the discipline to stick to “the plan” are habits you need to cultivate if...
Read More..“There are only two certainties in life: death and taxes.” That’s how Benjamin Franklin’s famous adage goes. Well, it should be changed to three things: death, taxes, and stress because, in today’s fast-paced digital era, stress is pretty much guaranteed! With little time on our hands to get organised and the tendency to become emotionally attached to stuff, our homes, offices, and ev...
Read More..In your 20’s you took risks and probably got away with it (thanks, on occasion, to mom and dad). You lived your life, perhaps without medical, car, or home insurance and found a way to make it work. Now that you’re in your 30’s, there are no more excuses. It’s time to “adult”, which means you need to put plans in place in case the unplanned happens. With nicer things, a more expensive...
Read More..The prospect of teaching your kids about money can seem like a daunting task, especially when you look at your own finances and the steep learning curve it took to get you to where you are. Children aren’t exactly rational creatures; they want what they want, and they want it now. In a world chaotically ruled by the need for instant gratification, how can you instil a rational underst...
Read More..If there’s one thing the modern education could greatly benefit from, it would be the addition of subjects that actually prepare the student for adulthood. Instead, every year, millions of high school students are unleashed upon the “real” world with absolutely no idea what a mortgage is, how taxes work, and why they should start saving for their retirement in their 20’s. If your pare...
Read More..Life is for living and a part of that philosophy is not wasting time worrying or even thinking about death. However, being responsible and providing proper care for the people we leave behind requires us to confront thoughts of death and think about how we wish to allocate our life’s wealth after we pass on. It might not be comfortable but it’s necessary for many different reasons, wh...
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