Tag Archives : Financial Improvement


Best way to Teach Kids about Money, Business and Personal Finance Using Videos Made By Warren Buffet

Every responsible parent knows the importance of teaching their children about personal finance. If kids can learn about the importance of budgeting, how money can make even more money, the power of passive income and the power of compounded returns at a young age, they are sure to go through life on a steady financial grounding. The problem is most children are not interested in the finance related topics at a young age. They hardly like maths and english at school and I don’t think the subject of personal finance would be any different. The Best Way To Teach Your Children About Money – Secret Millionaires Club The best way […]


What Different Jobs Can Teach You About Investing

As investors, we often make the mistake of only concentrating our reading towards the fields of finance, business and economics. This is a huge mistake as it is more productive to read around one’s field than in one’s field. By learning about different fields of work, you increase your worldly wisdom as well as look at the bigger picture. With this in mind, these are some things you can learn from others professions. Biologist: All environments change, and the best protection against those changes is the ability to adapt. Gambler: Bet when others think the odds of success are low (that’s where there’s big payoffs) but be able to survive […]


Women Should Control Investing and Savings Decisions In a Relationship 2

Traditionally men have looked after a family’s saving and investment decisions. But in recent times, this has changed with women becoming more financially savvy. And the is great news for household finances. There is a good reason why women should control a households savings and investment accounts; they live longer and provide better returns. Women Live Longer Than Men Studies have been conclusive in showing that women on average live longer than men. And because of this, the majority of assets in retirement accounts are going to be controlled by women who outlive their husbands.. The trouble currently is many women who are approaching or currently in retirement have no […]


Fear Of Missing Out – Investors Worst Nightmare

One of the biggest detractors to investment performance is FOMO or Fear Of Missing Out syndrome. This is when you make an investment, whether it be stocks or any other asset, simply because you do not want to miss out on the possible gains it makes. You do not want to miss out on the gains therefore you buy something out of fear of missing out as opposed to being rational and looking at the numbers. Buying assets just because you fear missing out on the gains does sound stupid but it occurs more often than people like to admit. It happened in the dot-com bubble where people were investing […]


The 5 Models To Know If You Want General Worldly Wisdom – A list by Charlie Munger 1

Charlie Mungers philosophy on worldy wisdom is one of the best articles I have ever read. For anyone looking to be better than average, both in a stock picking sense and a wordly intellectual sense, I urge you to read the full article below. I would even go as far as bookmarking this page and having a re-read of the article every once in a while. It is that good. Below is a summary of the piece but do read it in its entirety to appreciate the full wisdom Charlie Munger imparts. Models to to learn for general worldy widsom: Mathematics – basic arithmetic and algebra, decision trees and the […]


Let Capitalism Set You Free – Move from Employee to Owner

There seems to be an ever increasing tide of bias against capitalism. People are increasingly becoming of the view that capitalism doesn’t work. But what they don’t realise is capitalism has allowed people on benefits today to have a better quality of life than the richest man on earth 100 years ago. Think about this for a second. When capitalism took over communism as the default world economic mechanism we saw an unprecedented amount of technological and productivity improvement. Without capitalism we probably wouldn’t have cars, planes, mobile phones, the internet, costa coffee or much else that we love. When people talk against capitalism, they don’t mention the benefits it […]


Vodafone Stock Purchase – Buy Shares In A Company Instead Of The Product

When I was growing up, I was fascinated by technology. I just loved gadgets and always wanted the shiny new thing. As I grew older and technology advanced greatly, my fascination only grew and I was caught up by the hype surrounding mobile phones. I remember that from the age of 17 to 22, I had a new smartphone every year. And we all know how expensive the latest versions of I-phones, Galaxy’s or HTC’s can be. Add the cost of a 12 month contract and all of a sudden having a new phone every year becomes an expensive habit. Whilst getting a new phone is fun and exciting, the […]


How Much To Save To Become Rich 2

We have all heard that paying yourself first is the best way to become wealthy in our society. Whilst we all know the merits about paying yourself first, many people do not now exactly how much money to set aside to pay themselves first. So is there a magic number? You hear people asking themselves this question all the time How much do I need to pay myself first? So here is my formula on how much you should pay yourself first. You don’y have to agree with it but just have a look at it. Whilst I know everybody is different and people have different circumstances, I am just […]


The Number 1 Rule Wealthy People Live by

There are countless articles online that show what the wealthy do differently as compared to the rest of us. Most self made millionaires have similar characteristics with one another and this research has shown has allowed them to be successful and wealthy. Some of these traits include: setting goals, networking, avoiding procrastination, actively reading, never giving up and having a mentor. Whilst all these characteristics are important if you want to become wealthy, I believe that there is one thing in particular people need to do if they want to become rich – Live Within Your Means. Wealthy people have been able to build up their bank balances because they […]


What Percentage (%) of your Income should you Pay Yourself First?

We have all heard that paying yourself first is the best way to become wealthy in our society. Whilst we all know the merits about paying yourself first, many people do not now exactly how much money to set aside to pay themselves first. So is there a magic number? You hear people asking themselves this question all the time How much do I need to pay myself first? So here is my formula on how much you should pay yourself first. You don’y have to agree with it but just have a look at it. Whilst I know everybody is different and people have different circumstances, I am just […]