Have you ever wondered what it takes to become a millionaire while you are still young?
While it might seem a no brainer for your average FI (financial independence) fan, the average person just isn't aware of how simple it is. I think the reason for this is just because it's not something that's commonly taught, a case of the middle class mindset which is seemingly inescapable.
Thursday, 10 December 2015
Tuesday, 8 December 2015
80/20: How to Maximise your Happiness
Have you ever sat down to figure out what actually makes you happy?
I recently read the 80/20 Principle by Richard Koch, where he says that 80%of your happiness comes from just 20% of your activities and conversely, 80% of your unhappiness comes from just 20% of the things you do.
I recently read the 80/20 Principle by Richard Koch, where he says that 80%of your happiness comes from just 20% of your activities and conversely, 80% of your unhappiness comes from just 20% of the things you do.
Friday, 4 December 2015
3 Most Common Mistakes to Getting Rich
While there's a million positive things you can do to reach your retirement or semi-retirement goals faster, it's also important to not stuff it up!
So what are the most common mistakes to getting rich and retiring early?
They say that the three biggest expenses in people's budgets are:
So what are the most common mistakes to getting rich and retiring early?
They say that the three biggest expenses in people's budgets are:
Wednesday, 2 December 2015
Semi-Retire Now or Fully Retire Soon?
Should you semi-retire now or should you continue working for just a few more years so that you can fully retire?
Let's use an example of a 28 year old man who has about $150,000 in investment assets. Right now he is in a position where he can work 3 days a week, say Tuesday to Thursday, earning $28,700 from paid work. Incidentally, that's all the money he needs to fund his luxurious lifestyle, including $5,000 per year for travel. So the $150,000 that's invested can just continue to accumulate and in 7 years he can drop back to 2 days paid work, as the investments will grow to $240,000 and supplement another days work.
Let's use an example of a 28 year old man who has about $150,000 in investment assets. Right now he is in a position where he can work 3 days a week, say Tuesday to Thursday, earning $28,700 from paid work. Incidentally, that's all the money he needs to fund his luxurious lifestyle, including $5,000 per year for travel. So the $150,000 that's invested can just continue to accumulate and in 7 years he can drop back to 2 days paid work, as the investments will grow to $240,000 and supplement another days work.
Why A Life Of Luxury Isn't Just For The Mega Rich!
Good news, you can live a much better life than you dream for much less than you think!
Have you ever dreamed of being able to do whatever you want, wherever you want with whoever you want? It's all possible and you don't need to earn $500,000 per year to achieve it. In fact, if you do earn that much, you'll find it very hard to get enough time off work to do those things.
What does a life of luxury look like for you? For me it might mean doing 2 days a week of paid work that I actually enjoy, maybe working Tuesday and Wednesday and NEVER on Monday. I would hit the gym everyday as one of my hobbies and work on my physique. I'd use a dreamline to figure out all the exciting things I want to learn, be, do and have and use my abundance of free time towards those things.
Have you ever dreamed of being able to do whatever you want, wherever you want with whoever you want? It's all possible and you don't need to earn $500,000 per year to achieve it. In fact, if you do earn that much, you'll find it very hard to get enough time off work to do those things.
What does a life of luxury look like for you? For me it might mean doing 2 days a week of paid work that I actually enjoy, maybe working Tuesday and Wednesday and NEVER on Monday. I would hit the gym everyday as one of my hobbies and work on my physique. I'd use a dreamline to figure out all the exciting things I want to learn, be, do and have and use my abundance of free time towards those things.
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