Archive for the 'Financial Planning' Category

Losing weight and building wealth

Losing weight and building wealth

The new year is a time when lots of people make resolutions for lots of people. The most common one for people is to lose weight. Another one is to get your finances in order. And belief it or not, the two have a lot in common. Always be checking When you are trying to […]

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Being normal

Being normal

Last Friday morning, Jürgen Klopp dropped the bombshell that he will be stepping down as manager of Liverpool Football Club at the end of the season. He gave an in-depth interview for the club’s tv channel for his reasons for leaving. Even if you don’t follow Liverpool Football Club or aren’t interested in football, it […]

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Organising ongoing expenses

Organising ongoing expenses

My wife and I have a household account that we use to pay all our domestic bills. All the usual direct debits come out of this account (food shopping is separate). I was updating the total costs for 2023 over the Christmas break and decided to have a look back at past records to see […]

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Setting short term goals for long term benefit

Setting short term goals for long term benefit

Building wealth is a slow process and usually takes decades to do. This can make goal setting difficult for most people. How does a 30 year old stay focused on the goal of retiring at 60 years of age? They have another lifetime to go through before they get to their goal. Life will change […]

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Are you on the same page about your finances?

Are you on the same page about your finances?

Almost half of all marriages in the US end in divorce. The number one reason given is disagreement about finances. It is quite common for couples to have different views on money and what they are trying to achieve. You don’t have to have the same approaches to money but you need to understand what […]

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Will we have a debt in retirement problem?

Will we have a debt in retirement problem?

The second blog article I wrote way back in July 2013 (we are now on blog 472) was the 6 biggest mistakes retirees make. The number 1 mistake that a retiree can make is carrying debt into retirement. Ten years later and my view hasn’t changed, I still think it is the biggest mistake a […]

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Consumption

Consumption

Packing my clothes to go on summer holidays this year, I was thinking how many pairs of shorts I would bring with me. I had 10 different pairs of shorts and that’s not including sports shorts (I have about 10 pairs of them too 😳). I remember thinking to myself, “I think you have enough […]

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Saving for your kids with a Bare trust

Saving for your kids with a Bare trust

Parents want to help their children out financially in the future, especially with money for a deposit on their first home. They could just gift them the money at the time that their child needs the money. But any large gift that is given to a child should be declared to the Revenue and it […]

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Data obsessive

Data obsessive

On my recent holiday, I’d go for a jog in the morning. It was an easy enough run to the local surf club, exactly 1.5 km away, so a 3km run in total. Even though I knew the exact distance, I would always turn on Strava when I began each run to record my data […]

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We get one life, live it

We get one life, live it

Andy Friend is a long way from home. The Australian rugby coach has just finished a five year stint as head coach with Connacht rugby. It’s now time for him and his wife Kerri to go home and spend some time with their family. But they aren’t going straight home. Last year they bought a […]

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