Build wealth. Love your life
John and I didn’t talk about money. All we did is earn it and spend it. We didn’t discuss how we make money and how much we make; we certainly didn’t discuss how much we spend. Heck, we didn’t even know how much we make and how much we spend….
When was the last time you saw your income grow? My income didn’t grow for years. I even believed I’d reached my earning peak and that was that. I believed this until we found ourselves in a lot of debt. Then I realised three important things: You can get…
I wrote recently about my money mentality. I want to tell you how this approach led – or at least contributed substantially – to the crisis we had that was almost fatal. I have always lived with debt but that has not been through frivolous spending, rather the occasional splurge…
Five years ago I had absolutely no idea how much I earned. Let me re-phrase that: I didn’t know how much my salary is. A friend showed me a pint of milk; absolutely no idea how much I was expected to pay for it. Mortgage, bills, monthly spending…yep, you guessed:…
At home, we have been discussing not so much how we acquired such large consumer debt, nor how we got out of it to the point where we can now repair our roof, install solar panels and invest. No, the question we are now asking is how do we regard…
Editor’s note: Today I have for you a guest post by Vero, the blogger behind Financial Confessions: a UK based personal finance blog focusing on investing, careers and wealth building. In this post Vero discusses the financial advantages of moving in with your beloved and the ‘take away’ is…
Editor’s note: Tonight The Money Principle presents a guest article by Bob Richards: a rich guy and publisher of The Retirement Income Blog. There Bob discusses and provides information on all matters pertaining to retirement. Oh, and he doesn’t try to convince you that if you failed to start a…
Ha, ha! See this picture? Thanks to Adam from the Magical Penny, the UK personal finance bloggers who ‘stayed the distance’ last weekend were immortalised. Guess which one is me? (Of course, I am so much better looking in person!) This article, however, is not about looks; it is about…
Let’s talk about income strategies. Why? Some time ago now I published an article which was about the big payouts and bonuses bankers get; and most of the time this is a reward for a job that is really shoddily done – from failing IT systems to money laundering….
Our lives run on routines – from the moment we wake up, till the time when our eyelashes gently ring with tiredness, we execute sets of routines. We brush our teeth and don’t even remember doing it. Heck, sometimes I’ll drive to work and won’t be able to recall the…
Lately, I have noticed that my life has become a bit harder! Now some may attribute this to the on-going economic crisis – we have already been through a double dip recession and are confidently marching into a triple dip one; which is a way for economists, finance buffs and…
This is the article with which I competed in the Personal Finance Olympics. Enjoy! Doing our household accounts has become a ritual of mine – at the end of the month I sit in my study with a nice espresso and pour over spreadsheets, cash flow statement, receipts and handwritten…