Finance is complicated, and human stupidity is infinite.Matt Lewis, Bloomberg
How do you decide whether something is worth your time or money?
When you don’t have a decision making framework how do you know if you’re making a good or bad decision?
From deciding whether to buy a product or service to whether an analyst / blogger / influencer is worth following, here’s a framework I’ve found useful. I call it the discovery diamond 🔷Continue reading “The discovery diamond”
Slow living isn’t about determining how little we can live with – it’s about working out what we simply can’t live withoutNathan Williams, Kinfolk
Budgeting comes up as one of the ‘must do’ items if you want to be good with money. You must have a budget. You must stick to a budget. Whatever your budget of choice, there’s a zero based budget, a 50:30:20 budget, a 74:26 budget (really, in case you couldn’t tell, you can have any type of budget you want…).
But what problem does budgeting actually solve? 🤷🏻♀️
I don’t make resolutions, I just try to do my best every day.Unknown
You never know when you suddenly need money. One day you may lose your job, become sick or simply encounter some unanticipated costs. Life is unpredictable and a money buffer (aka an “emergency fund” 🤓) seems like a wise idea.
But how much money should you put into this emergency fund?
I’ve always enjoyed the pause between Christmas and New Years, a couple of days of relative quiet in an otherwise busy holiday season. A great time to devour all those ‘best of’ articles and videos. Speaking of, here are my top picks for 2018:
Goop & the wellness trend. I don’t know about you but I find Goop fascinating – https://www.nytimes.com/2018/07/25/magazine/big-business-gwyneth-paltrow-wellness.html
A perspective on the future of tech from a well known venture capitalist – https://www.ben-evans.com/benedictevans/2018/11/16/the-end-of-the-beginning
Stella McCartney & sustainable fashion, a different take on what luxury fashion is – https://www.wired.co.uk/article/stella-mccartney-sustainable-fashion
Amazon shareholder letters – https://ir.aboutamazon.com/annual-reports
Samin seems lovely, her approach to beauty is refreshing, and her Netflix show (Salt, Fact, Acid, Heat) is 👍 – https://cupofjo.com/2018/10/samin-nosrat-beauty-uniform/
Caroline Hirons, skincare queen – https://www.youtube.com/user/dixierae25
Liah Yoo, I like her skincare line, Krave Beauty, and skincare philosophy – https://www.youtube.com/user/YellowyCream
The Anna Edit for real life (aka wearable) capsule wardrobes and general good vibes – https://www.youtube.com/user/ViviannaDoesMakeup
Elizabeth Suzann Money Talk, written in 2017, yes I’m late to the party, but an insightful piece on the cost of clothing – https://elizabethsuzann.com/blogs/stories/money-talk
When you have a couple of spare hours 😅
https://www.apartmenttherapy.com/house-tours because who doesn’t like checking out other people’s houses?
https://www.refinery29.com/en-us/money-diary or reading about what other people spend their money on 😏
Boundaries are kind of like a restaurant menu in that if you didn’t want a “curated edit,” you’d just go to the supermarket. No?Leandra Medine, Man Repeller
Named after Italian economist Vilfredo Pareto, the Pareto principle broadly states 80% of the results come from 20% of the effort.
When it comes to your finances, do you know what that 20% is?
Continue reading “The Pareto principle”
“…edit your life frequently and ruthlessly. It is your masterpiece after all.”Nathan W. Morris