To get the most from your money in the long-term, you need to know what you own, what you owe, how much you bring in every month from your earnings, savings and investments, how much goes out again, and thus whether you’re living beyond your means. Completing this personal reckoning is step two of my [...]
The Investor
That which is at rest is easy to grasp. That which has not yet come about is easy to plan for. That which is fragile is easily broken. That which is minute is easily scattered. Handle things before they arise.Manage affairs before they are in a mess. A thick tree grows from a tiny seed. [...]
The safest place to hold your money in the short-term is in cash. Sounds obvious, but cash is money. Shares, property, bonds, gold and pension funds are all assets whose value constantly fluctuates according to the whims of their markets. You can only be certain what such assets are worth when you come to sell [...]
The first step to financial freedom starts with how you think about money. You must resolve, now, to get your finances in order. Stop fantasizing that a lottery win or an inheritance is going to make you rich overnight, and resolve to do it for yourself. Commit to setting long-term financial goals, and to learning [...]