Welcome to my shortest blog post ever! I have written a succinct list, using as few words as possible, that encapsulates the rules I live by in one way or another every single day.
All in Personal Finance
CARS - I've had a few!
Read any PF blog, listen to any FI podcast and they will all tell you that buying a new car is a dumb idea, akin to getting some of your hard earned money out of the bank and putting a match to it. I learn a lot by reading but I also learn a lot by doing and to my shame I have first hand experience in buying brand new cars, because I’ve done it five times.
Part 2 - SmartShares for Kids!
Last week I wrote about how I had moved my daughter's investment from an ANZ Managed Fund to SmartShares. I was pretty happy with my decision. After I had made the switch I received a number of comments from my super clever subscribers and they said I had made a bit of an ERROR in going with SmartShares instead of SuperLife for my daughter.
GOLD - A wild ride!
The thing I have learnt about gold in the last year and a half, that I would not have learned if I had not dipped my toes in the water and actually bought some is that gold is EXTREMELY volatile. Investing in gold is like share trading on 10X speed; everything moves so FAST.
36 Months Interest Free!
I was asked this week what I thought about the interest free deals that are constantly on offer. Just remember, when you are borrowing someone else’s money, NOTHING is free OK?
Why save, plot and plan for my financial future?
I’m actually not in search of money, I’m instead searching for HAPPINESS. And despite the well worn phrase “money can’t buy you happiness”, I disagree. The two are interlinked and have a symbiotic relationship.
GOOGLE IT!
So, it’s a different kind of blog for me this week. I still got up bright and early each morning and instead of researching things I wanted to write about I fell down the rabbit hole of the internet instead. And what exactly did I get out of a week of Google searches? Education.
Teenagers and Phones!
I had a conversation this week with my sister, who had a dilemma. Her 15 year old son, my nephew, has been pushing for the latest iPhone. Its an essential tool of the trade when you are a teenager and he is in desperate need of an update apparently.
Hairy Audacious Goal
Steadily and consistently increasing our net worth often has me concerned that I’m missing something, doing something wrong or doing it too slowly so it is time I set myself (and my family) a new short term goal.