Investing in assets is the key to building wealth, so it’s an important part of securing your financial future and achieving your long-term goals. The good news is that there are different assets to invest in, catering to different risk tolerances, financial goals, and personal preferences. Here’s some of the investment opportunities available to people …
Financial literacy is about knowledge. And knowledge is power. According to Wikipedia: “Financial literacy is the possession of the set of skills and knowledge that allows an individual to make informed and effective decisions with all of their financial resources.” And that “people with appropriate financial literacy training make better financial decisions and manage money better …
There are essentially three ways you can make or earn money: Income from employment Income from a business Income from investments/assets Employment income: The income you earn by being employed is payment for your time, skills or expertise. It’s an exchange – someone else’s money for your time and input into their business. As an …
If debt were a disease, it would have been declared a pandemic by now. I’m talking about consumer debt, excluding mortgages, here. Modern society is consumed by debt. It’s now considered normal to have some level of debt. A third of people in the UK borrow money to buy a car. And many people borrow …
The word wealthy means different things to different people. For some, wealth is all about money and an accumulation of assets that can be valued in monetary terms. That’s financial wealth (money). But there’s also time wealth (freedom), social wealth (relationships), physical/mental/emotional wealth (health) and spiritual wealth (spirituality). We’re going to focus on financial wealth …
We all have times when we need to reduce our spending. There are things I’m prepared to cut back on and others I’m not (unless absolutely necessary). It’s all about what brings me joy. If you’re thinking you need to make some cuts, here’s 40 easy ways to get you started. They don’t take a …
Yesterday, a ticket holder won £201 million - one of the biggest EuroMillions jackpots ever.
I did buy a ticket, but I wasn’t the winner. I do sometimes buy lottery tickets but don’t buy them regularly.
But it did make me think about what I’d do if I’d won.
I’d like to stay anonymous rather than go public. But whilst that would be manageable with a smaller win, it would be difficult with a big win.
I think people would notice such a big increase in my disposable spending, lol.
Though I definitely wouldn’t spend it frivolously. I’d invest a lot of it, give some away and start a charitable Foundation.
Though there’d definitely be new house, new car and some more holidays.
And I’d keep doing what I’m doing as I love what I do.
What about you? What would you do if you won the lottery?
4,000 weeks …. that’s the average human lifespan, measured in weeks.
You might get more, you might get less. But it’s finite.
In his book “4,000 weeks: Time Management for Mortals’, Oliver Burkeman encourages readers to rethink how they choose to spend their time.
But this isn’t your typical time management book as Burkeman flips the script.
He argues that in order to achieve what we truly desire, we must learn to say to other things we want.
So, the book is about embracing our limitations and prioritising what really matters.
It’s a great book filled with so many valuable nuggets.
Are you using your 4,000 weeks the way you want to?
#4000weeks #madaboutmoney #financialcoach #retirerich #timeismoney #moneymentor
I grew up with really frugal parents. And it had both a positive and negative effect on my life.
Positive because I learnt resourcefulness and financial responsibility.
Negative because I experienced (perceived) deprivation. And my desire to not experience that again landed me in debt.
It took me a while to find a way to manage my money that works for me. That allows me to be frugal with things that aren’t so important to me. And spend extravagantly on those things that are.
#madaboutmoney #madaboutmoneyapp #financialcoach #retirerich #frugalparents #moneymentor
Money is still a very popular gift for Christmas.
Collectively, Brits are expected to receive more than £500 million in money this Christmas.
Money is a quick and easy gift and usually appreciated.
And may be appreciated even more during these difficult economic times.
Giving money removes the stress of hunting for presents that may prove unsuitable or unwanted. It comes with "no strings".
And can be used by the recipient to buy something they really need or really want.
And money can be an easy and convenient gift when it’s getting closer to Christmas, and you haven’t found the right present yet.
But money can also be seen as an unimaginative or an impersonal gift, that has required no effort on the part of the giver.
Some recipients may be embarrassed to receive it. And vouchers and gift cards can get mislaid and forgotten.
What are your thoughts on giving money as a Christmas gift?
#christmasmoney #madaboutmoney #retirerich #financialcoach #moneymentor
I’m in Marrakech with my Mastermind.
It’s great to spend time with like-minded women, who are committed to growth and success.
It’s great to get new ideas, perspectives and solutions to any challenges.
It’s great to hold each other accountable.
It’s great to learn from the experiences and expertise of others.
It’s great to tap into a network of valuable connections and resources.
It’s great to recharge together.
And it’s great to spend time in beautiful Marrakech.
Today is all about planning for 2024. And I’m planning an epic one!
#madaboutmoney #retirerich #mastermind #womeninbusiness
