Behavioural finance 1

The cost of not making a decision

The cost of not making a decision

As a volunteer budget adviser I saw the result of many clients burying their heads in the sand. Years and years of pretending there is no problem or looking the other direction.

High credit loans, bad debts, and so on. Some would even come to the office with a pile of unopened envelopes containing bills and invoices. They couldn’t […..]

Stop worrying about money

Stop worrying about money

From the outside, it may seem like me, and others that like to talk about money, think about it all the time.

But it’s not actually the case.

About 5 years ago when I was really struggling to keep up with my mortgage payments and living dollar to dollar in my ridiculously large house I was ALWAYS thinking about money […..].

You can't take the upside if you don't take the risk

You can't take the upside if you don't take the risk

Often I will come across someone that seems sour about the position they are in compared to someone else. “They have so much more money than me”. “They have a better job than me”.

On the other hand though, they aren’t prepared to do anything about it. They want all the upside but don’t want to […..]