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?
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
Savings accounts don’t get much love these days and given the low interest rates it’s not hard to see why.
A quick Google search will tell you that savings accounts barely pay enough interest to cover inflation, so is it still worth putting money into a savings account? 🧐