Throughout my 20’s I spent every dollar I earned. I’d tell myself things such as “I deserve it” or “it doesn’t cost much”. The problem is these times became too frequent. I was telling myself I deserved something new every single week. I’d hardly been in the workforce for one year, yet here I was […..]
Several months ago I wrote a post outlining some of my thought process used behind making the decision to stay at home or to work for someone with kids.
After a year and a half of being a single income household, my wife has taken on a part time job […..]
Stock index funds are all the rage these days. They occupy about 20% of the global market and this amount is increasing every year. The main driver of the conversion of investors from active to passive stems from the fact that many active funds (after fees) are delivering worse results than passive index funds.[…..]
Index fund investing can offer good results for two reasons. Low costs can save you hundreds of thousands over the long term and index funds tend to perform better than actively managed funds over the long term. Better performance at […..]
I used to have so much junk that I barely used. In the past I have splashed out untold amounts of money on things such as fancy golf bags, top of the range bikes, and impressive cell phones.
Why did I buy a pro golf bag when I am lucky if I play once a year? Did I think all of a sudden I would play more often or become as good as the pros?
As a volunteer budget adviser, I often see clients that ignore their debt problem. Their theory is, “If I ignore it then I won’t know there is a problem.”
I have had clients come into the office with a pile of unopened envelopes. They know it is bills inside but by not opening the mail, they convince themselves that there are no bills to pay and there is no problem. But guess what? It doesn’t […..]
Credit card debt has become so normal that we no longer call it debt. It is called a credit balance. Sounds much nicer doesn’t it? This was no doubt rephrased by the credit card industry to normalise debt. In a similar way Kentucky Fried Chicken rebranded to KFC because they didn’t want people thinking of the word ‘fried’, the credit card industry doesn’t want […..]
Anything worthwhile in life is difficult. Raising a family, losing weight, starting a business or new job and saving money are all examples of worthwhile endeavours that can be a big challenge.
Whereas staying in your same mundane job, not exercising and spending all your earnings is the easy option.
Unfortunately easy doesn’t buy you freedom […..]
Just a quick thought experiment for you today.
I find it rather sad that after all is said and done, after 40 years of working at our job we are just an employee file number to our employer. Our employer moves on. They usually replace us, and we are all but a distant memory. Yet for us, our time in employment […..]
David Hisco has thanked thousands of donors for coughing up over $400,000 to fund his need to travel in a limousine.
When asked about the crowd funding page, Hisco replied “Limousines aren’t cheap you know?”
Hisco lashed out at reporters when they asked him why he doesn’t travel in more traditional forms of transportation like the rest of society. “You have to be kidding me” he added “As a bank manager I was responsible for loaning billions to everyday New Zealanders. The least I deserve is something back in return”.
Mr Hisco finished the statement by saying “A 3 million dollar a year income is not what it used to be. Times are tough”.
They are indeed Mr Hisco. They are indeed.
Previously I’ve written about the hidden costs of home ownership, that housing is not the dream, so called property gurus, and false housing stories. Anyone would think that I am against home ownership.
I am not against home ownership. I am for maths and facts.
So that brings me to today’s short post based on a common misperception of current and wannabe landlords […..]