Build wealth. Love your life
…about how much the fund management industry takes out. At least this is what a documentary – How to Win the Loser’s Game – going online tomorrow has concluded. Why do I care? Why I decided to tell you about this documentary? I’ve told you that I am concerned about…
Editor’s note: Many regular readers of The Money Principle have probably noticed that lately I’ve been writing much more about earning money, making money and investing than about paying off debt and money management. This is not because I’ve forgotten about all my readers who are paying off debt; quite…
Do you worry about your retirement? I do. And everyone I talk to lately seem to worry about retirement as well. My colleagues worry. My friends worry. My PhD students worry. My sons (the grown up ones) worry. Frankly, in the world we live in, one will be rather silly…
Traders these days do not always buy and sell shares directly. Many use spread betting or contracts for difference, particularly if they are short term traders wanting to take advantage of market volatility – buying and selling during the day or week rather than looking to invest for the long…
We’ve been writing about how to choose a house to buy, how to spot a great neighbourhood and whether it is better to rent or to own your house on The Money Principle. Recently I had a conversation with our niece who is looking to buy a house that…
Today, in Money Week, I saw that the Bank of England is expecting interest rates to be up to 3% by 2017. Now, this is only three years away; which means we all should pay more attention to the houses we have (and the mortgage), the houses we want…
You may think that being a saver is boring and it will damage your groove. I thought so as well! For decades, I was the hedonistic intellectual who was above and beyond money. Only I wasn’t. Still, I found saving boring and didn’t even think of doing it. Well,…
If you’re struggling to keep your everyday bank account coloured in that healthy black shade, then hearing that the big energy companies will increase the price of energy bills this year – some by more than 10% – probably didn’t come as welcome news. It doesn’t matter whether you have…
The other day I was talking to a younger colleague of mine and it occurred to me that young professionals today have a specific problem. No, it isn’t that they are in debt because of expensive but relatively useless education. As it happens, my colleague and his wife have paid…
We have a financial time horizon of 5 years. Why? Because we are of a certain age and want to have time to enjoy ourselves before the Grim Reaper arrives at our shores. We do have provision for a semi-comfortable retirement but have no intention of retiring. Life is…
For what seems like an eternity, those aspiring to get onto the property ladder for the first time have seen their dreams dashed as a result of astronomically high house prices. Even paying a deposit of around 10% or less of a home’s value is too much for many hopeful…
Couple of months ago I was invited by TD Direct Investing to take part in a debate on investor confidence. Of course, I accepted; after all following our hunter’s focus on debt our sight has moved to how to invest money. Having said that, we do believe that the principles…