Credits: Moo I will never buy a cow. It’s not that cows are bad investments. It’s just, I don’t like cows. I’ve tried to like cows. I really have. One of my best friends is a vet. He loves cows. He’s told me just about everything there is to know about them. Despite my best [...]
About what most people think you should spend your money on, that is. By not giving a damn, by daring to be different, you can know you’re on your way to be free from debt, free from the everyday struggles of money and, most importantly, on your way to live your dreams.
Sense -> Feel -> Think -> Spend I’ve found that two days is just the right amount of time for me, to be able to think clearly about something that I feel I really want, but not necessarily need.
A fortune can be made from being dishonest. If you are dishonest, you think you are a dishonest person. If you become financially free, but you do so dishonestly, your money will be a curse to you.
Many people find it difficult to appreciate the value of passive income, because passive income usually come in small amounts. If you can stick out the first few years and build up a fairly good sized stream of passive income, you will eventually be able to use your monthly salary completely to live off – as you are currently doing – and use your passive income to generate more sources of passive income.
Passive expenses are useless. When you eliminate your passive expenses, it doesn’t really change anything in your life, except the fact that you’ll have more money.
The jailer was threatened with death if they escaped, so he took no chances, but put them into the inner dungeon and clamped their feet into the stocks.Acts 16:22-24 Even if you were victimized, even if life dealt you a bad hand, even if someone caused bad things to happen to you, even if your country’s government does things that place you at a disadvantage – even with all these things: Choose not to think of yourself as a victim.
For many people, the only investment they make for retirement, is the pension or provident fund they are compelled to belong with the company they work for. In short, this model means that during your younger years, more of your contributions are allocated towards shares (equity) and as you approach retirement, the money built up in the fund is moved to “safer” investments – like money market or bond funds.
If you are a good steward of the Pennies in your finances – the little amounts you can save or spend each day – it will prepare you to be a good steward of the Pounds in your finances – your investments and big financial decisions.
If you’ve never done this before, a great way to stun yourself is to go obsessive and write down every cent you spend, for a whole month. Once you get behind 4 or 5 days, it becomes difficult to remember what you paid for lunch two days ago, the credit-card slips start peeling out of all your pockets, and eventually the whole business just becomes too much effort to catch up on.
