Category Archives: Finances

21st Century ‘retirement’ thanks to FI

In the past, you worked for a number of years(40+) while saving a percentage of your income(say 15%) and then retired at a lower income level than when you were working. Traditional retirement might have then meant a number of years travelling or pursuing hobbies in your later years. Now we have the new retirement thanks to FI(Financial… Read More »

What is more important – hours or results?

When you run your own business, you choose your hours. While many people start a business to get a better work/life balance you will likely find that you end up working more hours initially – but this is ok, as it is an investment in your future. However, you need to be very aware of this only being… Read More »

The fun vs. cost scale

This is a great concept I discovered online – allocating a number to experiences: Fun x cost = fun value number The number will vary as you are in different life stages, so just because you were doing something in the past it’s ok to move on to other things as your priorities change. For example, I used… Read More »

What is man (or woman) math?

This is an intriguing expression I discovered in an online forum. Basically, man/woman math(s) involves justifying a dodgy financial decision using the power of math and perhaps incomplete facts in your assumptions. It can be easy to fall prey to the numbers, and end up being able to justify something that doesn’t make good financial sense at all.… Read More »

Beware of people trying to sell you ladders

Sadly many marketing tries to sell you on the idea that you have to constantly be looking to improve and move up on a purchase. As I mentioned in an earlier post, about how people buy things backwards, this should be something that you positively ignore. You can see the ladder in many different things, such as phones,… Read More »