When you haven't got much capital of your own, the road to financial security can seem long and arduous. But the truth is that wealth building is actually pretty simple.
All it takes is time and the price of a cup of coffee.
So much of what we see in commerce is unnecessary complication masquerading as added value.
In the introduction to his book 23 Things They Don't Teach you About Capitalism, economist Ha-Joon Chang writes:
Hello volatility, welcome back. It’s been a while.
As share market investors, we should appreciate that we’ve had it pretty good for several years. It’s hard to understate how smoothly world equity markets have climbed since things settled down after the 2007-09 crisis.
I took our dog for a walk down to the beach last night. It’s one of those white, fluffy things – it has way too much energy and I need a very long lead. I was walking from home, through the dunes, to the beach. I’m going at a slow and steady pace, heading pretty much in a straight line, with only the occasional detour to walk around a fallen log.
Retirement ought to be the time of your life. And for many retirees that holds true.
Some would say that they were happily retired, while others wouldn’t even admit to being retired at all! That’s the point – this next phase of your life will be about living the kind of life that YOU decide.
If you’ve hit 40 and still don’t have your financial affairs in order, it’s never too late to do something about it. We Talk Money’s Tony Sandercock offers advice for getting on track.
This blog was originally posted in "Slice of Life".
You can drive a car with a broken suspension system, but it will be an extremely uncomfortable ride and the vehicle will be much harder to control, particularly in difficult conditions. Throw in the risk of a breakdown or running off the road altogether and there's a real chance you may not reach your destination at all.
The release of "The Oracle of Omaha's" famed annual letter to shareholders of Berkeshire Hathaway is a closely watched event. Any why not? Warren Buffett, who at 86 remains just about unbeatable as a long-term investor, had two big messages for investors in his annual shareholders’ letter.
You might be surprised to know that I have a financial planner. Mike is probably more an accountability partner than anything else, but he ensures that Tracie and I conduct a formal review of our situation annually. After all, I don’t want to be like the mechanic who has the worst car in the street! When you are close to something, it pays to have an objective view.
Despite virtually every opinion poll and every media “expert" predicting otherwise, Donald Trump will be sworn in as the 45th president of the USA in January. The media is full of speculation about what he might do in office – from ripping up trade treaties to building walls. But remember that those telling you what happens next are often the same ones who told you this wouldn’t happen in the first place.