An alternative way of managing personal money than working with a budget is consider using a spending plan. "What's the difference?" you may ask, well for some probably not a lot, but for others its a easier concept to work on and manage. Take a read and see if this way would suit you and set you up for 2019. https://www.becomingminimalist.com/trust-me-it-work...
Monday, December 31, 2018
Sunday, December 30, 2018
Secret to Retiring Early
Retirement is often thought of as an age related target, but actually, its about a financial status - independent or free - and early retirement is about that status, and then choice, work for yourself or others if you want to. See what you think of the advice in this video....
Saturday, December 29, 2018
The path to financial independence and retiring early, in one simple chart
As we come to the end of 2018, here's an article that simplifies the maths of financial independence. Could this help you for your 2019 targets? https://www.marketwatch.com/story/the-path-to-financial-independence-and-retiring-early-in-one-simple-chart-2018-12...
Friday, December 28, 2018
Should You Invest or Pay off Debt?
A viewpoint of whether to pay off your debts or invest the money instead.Take a look...
Thursday, December 27, 2018
How Debt Works
When starting the journey to financial independence and financial freedom, there's lots of advice given on the way in which debt should be handled. Key to this is to understand how debt works, whether it will help, hinder (or indeed completely stop) the process. Take a read. https://money.howstuffworks.com/personal-finance/debt-management/debt1....
Monday, December 24, 2018
How to become financially Independent
Financial independence - the route to financial freedom and choic...
Sunday, December 23, 2018
How to Make a Budget - and Stick to It
Carrying on with the management of money theme - and mention of the dreaded word (to many) - budget - this article concentrates on the tough part - how to stick to it. https://money.usnews.com/money/personal-finance/saving-and-budgeting/articles/how-to-make-a-budget-and-stick-to-...
Saturday, December 22, 2018
See How You Can Retire Early - Simple Math of Early Retirement (#Financi...
Considering targets for next year, how about the next 10? Here's something to seriously consider...
Friday, December 21, 2018
Beginner Guide to Managing Money
One of the keys to gaining financial independence and/or financial freedom is to understand how to manage money, here's one view on the process https://www.moneyadviceservice.org.uk/en/articles/beginners-guide-to-managing-your-mone...
Thursday, December 20, 2018
The 6 Most Important Rules of MONEY
Like most areas of life, there are rules with money as well, here are 6 important one...
Wednesday, December 19, 2018
UK Property Investment Pros and Cons
Property has long been an accepted source of secure investment to create additional income. This article talks through the current pros and cons in the UK, give the changes in taxation and legislation in recent years https://aspenwoolf.co.uk/uk-property-investment-pros-co...
Tuesday, December 18, 2018
How To Budget And Save Money | Money Management Tips
Working on the management of money theme, an alternative view of budgeting...
Monday, December 17, 2018
Do You Know the Cost of Educating Your Kids - In the Public System
You may read the title here and think education is free - take a read of this a discover whilst on the surface it maybe, there are plenty of hidden costs. https://www.theguardian.com/education/2018/nov/20/price-beer-pink-milk-why-not-cost-educating-child-laura-mciner...
Saturday, December 15, 2018
13 Everyday Things You Should Really Stop Paying For | The Financial Diet
What could yo do without? Take a look at this video and see if it strikes any chords...
Friday, December 14, 2018
Creating a Budget
For many, the thought of creating a budget makes them cringe. However if you crave financial independence or freedom, then managing your spending will be an important step - whether that's through a spending plan, a budget or some other method, understanding what money you have, where it is going and consciously deciding what is required vs what would be nice to have (need vs want) is an important step. This article take a view on the process from a budgeting perspective ht...
Thursday, December 13, 2018
How To Pay Off Your Mortgage Early & Should You Pay Off Your Mortgage
After yesterday's article on whether you should or shouldn't pay your mortgage off before retirement, here's a method for paying it off early (and not worry about it before retirement)....
Wednesday, December 12, 2018
Should You Pay Off Your Mortgage Before You Retire
Common wisdom says you should pay off your mortgage before you retire, but should everyone. Financial independence and freedom is not someone else's view - it a your own (and your family's view) Here is an interesting article that looks at "the common wisdom" https://www.thebalance.com/should-you-pay-off-your-mortgage-before-you-retire-2894...
Tuesday, December 11, 2018
6 Things We Gave Up to Get Out of Debt
An area to consider if you are targeting financial freedom is debt. Here's one family's way of dealing with debt...
Monday, December 10, 2018
How to Retire Early: The Shockingly Simple Math
Retirement is not an age, it a financial status - at least that's what it should be. When can say you have enough income that allows you to stop working, either for yourself, or someone else. This video takes a look at the maths....
Sunday, December 9, 2018
Saturday, December 8, 2018
How to invest for retirement in your 40s.
Financial independence, financial freedom, retirement - are all based around the same principle - the key difference is we view retirement based on an age rather than a personal financial status. For many of us the thoughts of saving and contributing to a pension plan early in our careers is irrelevant, and as we progress with our careers, and create greater financial obligations, the process of funding the future can become more difficult. Here is some thoughts on what can be done, and whilst...
Friday, December 7, 2018
The Upside of Having a Mortgage When You Stop Working
Conventional wisdom says that the mortgage must be paid off before you stop working, and one way or another it is a target for most of us. There is however a growing number of people who will not manage that - and this article highlights some potential benefits of NOT fulfilling that goal. Enjoy the r...
Thursday, December 6, 2018
Can YOU Afford to Retire? | 4% Rule Explained | Safe Withdrawal Rate
It doesn't really matter at what age you decide to stop working - whether you want to describe it as retirement or not, the real question is do you have the finances in place to stop either working for someone else, or stop running you own business. What would you numbers look like? ...
Wednesday, December 5, 2018
Average Savings at Retirement Age
What will your savings be at retirement age? Does it really matter? The answers to those question will depend on what you pension pot looks like, what other income you'll have from investments and how much you need to provide fro the lifestyle you plan to have. This article, whilst very US based, give some interesting point to consider. ENJOY Click here for arti...