Build wealth. Love your life
Remember some time ago I was saying that out sons can benefit from the legacy we’ll leave behind but shouldn’t expect inheritance? All calculations for our retirement build on this assumption and our sons will have to recognise that we are doing them a great favour. When my time…
Let’s talk about net worth, value and the structure of your wealth because each of these can help you build wealth faster. Remember I was telling you last October that even when we had a glimpse of the so much longed-for debt finish line we still spent about £5,000…
As regular readers will know, we are looking to build an investment portfolio and are therefore becoming interested in the science and practice of storing money – that is, investing. So let me dream for a little, imagine that we have already amassed a stash and want to put it…
One Saturday a few months ago we were out shopping in the village and bumped into a good friend of ours who has four children – we know quite a few such families. The brief conversation got round to the (then) imminent withdrawl of Child Benefit from the ‘better off’…
Have you ever stayed in a hotel where the shower is a glass cubicle in the middle of the room? No? I am in a room like that now and this is the picture. If I wasn’t dog tired, I would have been seriously spooked – taking a shower and…
Employers have new duties to comply with starting from October 2012. Changes have been made to the UK pension legislation, introducing auto enrolment. This is a new scheme which involves the employer automatically enrolling their employees into a pension scheme which both employer and employee contribute to. There are certain…
We are approaching the point where all our negative wealth will have gone and then we will have a spare couple of thousand pounds a month to play with. It has taken quite a time and a lot of effort to get to this but it will, we hope, have…
The buy-to-let phenomenon was highly profitable for many British property-owners until the credit crunch of 2007. Almost overnight, sound investments became millstones around the neck of over-ambitious investors, and many were forced to part company with their properties at a significant loss. However, the property market is slowly recovering; rental…
This is a Guest Post by Clive and I decided to publish it to signal my refocusing interests. I hope many of my readers find the article informative and useful. The current financial markets around the globe continue to be extremely volatile. This volatility requires an investor to closely monitor…
Yesterday Maria published a post suggesting that for a fulfilled life in our pre-dotage before we are off to the commune, we will need to amass a net worth of some £2.5 million ($4 million) of savings and investments over the next 5 years. This is our retirement, not…
I know, I know! In a realm where saving is a major virtue – bordering on dogma – this question may sound as heresy. Nevertheless, it keeps popping up in my mind lately: can we be saving too much? Surprisingly, or not, my answer is: yes, we can be saving…
Last week I admitted to being a bit of a chicken where it came to financial risk. This comes from my family background I think – we never had much money at home yet paid off the only mortgage we ever had in ten years. Even so, while my parents…