It's not my fault...

The second cause of our financial misfortune is our externalisation of our financial problems. Everyone else is to blame for our problems. If you’re broke, it certainly isn’t your fault...

Stop Making Excuses

Everyone has an excuse for not saving!

Mine was, "I'll be earning twice as much as I'm on in a few years, so what's the point?" Well guess what, a few years came and I still wasn't saving, In fact I was still using the same excuse.

So what's your excuse for not saving?

Stop Spending Your Money on Crap

The quickest and easiest way to get rich involves no imagination, no extra jobs, income or investments. Wanna know what it is? Stop spending your money on crap!

You know what crap I am talking about. What started as guilty little pleasures that then turned into commodities. You eventually went from wanting them to needing them.

Stop Thinking. Start Saving

Most baby boomers I speak with say things like:
“I wish I had saved more money for retirement”
“I’ll never be able to retire”

I’ve had several discussions with Gen X and Y’ers about my 16.5% strategy, of putting more money into superannuation. The common rebuttals are:
“But I’ll have to wait till I’m 65”
“But I won’t be able to touch it”

That’s the point people!

A story about the power of interest

I was listening to a Dave Ramsey lecture today and I heard an interesting story about compound interest, that honestly scared the crap out of me!

I am going to attempt to retell the story, but using my own names and numbers.