Personal Finance – Are you Successful?

Today, lets dive into talking about being successful. Specifically around defining success – What is it?, What defines success? How do you measure success? How do you define success? Today, lets dive into talking about being successful. Specifically around defining success – What is it?, What defines success? How do you measure success? First let’s… Read More Personal Finance – Are you Successful?

Personal Finance Lifestyles – Which one are you?

Today we will touch on the different lifestyles of personal finance. Another way to phrase this topic, what type of personal finance lifestyle do you lead? Do you know there are multiple lifestyles? First Lifestyle – Optimizer The first lifestyle we will discuss today is the “Optimizer” – So what exactly do we mean by… Read More Personal Finance Lifestyles – Which one are you?

Personal Finance – Are you “Stealth Wealth” or “Fake Rich”?

Lets dig into these concepts. What is “Stealth Wealth” and “Fake Rich” and why would you want to be either of these within your personal finance? Today, we are investigating the subject of wealth – Would you rather be quietly rich or loud and show-off your wealth externally? Let’s explore the concepts of Stealth Wealth… Read More Personal Finance – Are you “Stealth Wealth” or “Fake Rich”?

Personal Finance – Who really cares about your money?

In this time of uncertainty regarding Covid-19, economic status and political futures among other things, what should one do with your personal finances? We seem to be having one crisis after another in 2020, with a very uncertain path forward. So today, we are asking the question, should this affect your personal finances, who should… Read More Personal Finance – Who really cares about your money?

Automation; The Key to Personal Wealth?

Can automation allow you greater control of your personal finanaces with no added work AND raise your financial net worth? In today’s topic, let’s bring the word automation into the personal finance realm. Based on the dictionary definition of automation, adding automation to your personal finances promises to be a potential solution to those who… Read More Automation; The Key to Personal Wealth?

Are you “Emotionally Ready” to invest? 😁😊😒😢😠

Today, let’s discuss at topic that isn’t covered too frequently regarding personal finance or investing – Are you emotionally ready to be an investor? What is being “emotionally ready”? What do we mean by “emotionally ready” – Well on today’s posting, lets cover this topic in more detail. In the context of investing and personal… Read More Are you “Emotionally Ready” to invest? 😁😊😒😢😠

Are you Financially Resilient – How to protect yourself?

Now that we’ve touched on investing, PFE lab test and what to do during this Covid-19 financial crisis, let’s rewind the conversation slightly and work on improving your Financial Resilience. In this post we will introduce the term Financial Resilience and break down how we can best be prepared or resilient moving forward. We will… Read More Are you Financially Resilient – How to protect yourself?

Is betting on stocks the new way to gamble? 🏈♠️⚽🎰

In the current economic and social climate, we are starting to see the emergence of a new phenomenon within the stock markets – The rise of betting on stocks as purely entertainment. As we have seen with the Covid-19 response throughout the world, almost all social activities are shut down – this includes all major… Read More Is betting on stocks the new way to gamble? 🏈♠️⚽🎰

What has Covid-19 taught us about personal finance?

During this difficult time from Jan onward in 2020, we have seen significant changes to the entire global economy as well as individual and personal impact a whole due to the Covid-19 virus. Covid-19 Details here – https://en.wikipedia.org/wiki/Coronavirus_disease_2019 Note: This article will predominately focus on the financial impact of Covid-19. However, we are in no… Read More What has Covid-19 taught us about personal finance?

The “Crazy Stock Market” Recovery Plan: Focus on Golden Rule(s) of Personal finance (PART 2)

Given the crazy virus related economic conditions, let’s use this time as an opportunity to reset priorities and get back to personal finance basics. In this post we will continue with reviewing the basics and resetting ourselves – See Part One Here. Recovery Plan – The Golden Rule(s) of Personal Finance Therefore, let’s reset our… Read More The “Crazy Stock Market” Recovery Plan: Focus on Golden Rule(s) of Personal finance (PART 2)

“Crazy Stock Market” Recovery Plan: Focus on Golden Rule(s) of Personal finance (PART 1)

Given the crazy virus related economic conditions, let’s use this time as an opportunity to reset priorities and get back to personal finance basics. Before we begin with reviewing the basics and resetting ourselves, let’s review exactly what happened over the past 4+ weeks regarding market returns. Market Update (Feb – Apr, 2020) Based on… Read More “Crazy Stock Market” Recovery Plan: Focus on Golden Rule(s) of Personal finance (PART 1)

Market Turmoil – Are Banks Going to Punish Savers and Pay Borrowers Soon?

What is the Current Banking Model? If we go back into time, we see that the banking system is based on a central banking model – This central (typically government) run bank determines the prevailing rate that the other domestic or commercial banks within a country can borrow for. Interest is the charge for the… Read More Market Turmoil – Are Banks Going to Punish Savers and Pay Borrowers Soon?

2020 Market Chaos – Hold tight and help others.

As we mentioned in our last couple of posts, the markets are certainly either acting, reacting or over-reacting based on your own personal perspective. First, let’s look at the overall market performance for the past month. Based on the chart below, we can see the significant changes in pricing over a very short period of… Read More 2020 Market Chaos – Hold tight and help others.

Investment Losses – Do you need a market “shock absorber”?

Wow is 2020 off to a volatile start! It is quite possible that 2020 may be a down year overall or at least displaying increased volatility – It’s anyone’s guess what happens next. Dow Jones – Losing 12%+ in one week However, if we refer to our last post, we defined the different types of… Read More Investment Losses – Do you need a market “shock absorber”?

Protecting Your Investments – Introduction to Risk

Part 1 – Introduction to Risk In personal finance, everyone hopes that their investments shoot straight up forever without any issues…However, reality is not nearly so predictable / linear and sometimes things just happen because they do. Over the past year, the global and specifically the US stock markets have experienced an almost relentless path… Read More Protecting Your Investments – Introduction to Risk

Saving VS Investing – How to Meet your goals with 70% less effort?

In this topic we will be discussing the principles of meeting your objective via saving or via investing. We will put the conventional theories to the test and determine which works better over the worst possible case of a short (< 5 year) window of time. Before we start investigating saving vs investing, let’s talk… Read More Saving VS Investing – How to Meet your goals with 70% less effort?

Your “Future Self”, what is it and why should you care?

One of the prevailing concepts of personal finance that isn’t really talked about is the concept of “future self”. Let’s explore this concept further and determine why we should care about it at all. According to Wikpedia the concept of future self is The psychological research on the future self examines the processes and consequences associated with… Read More Your “Future Self”, what is it and why should you care?