Shop till you drop, then throw it all away

I was inspired to write this post after hearing one of my favourite songs from the 1990s and also after reading about the thoughts of a young lady from the United States who had actually achieved Financial Independance. I’ll come back to the lyrical masterpiece later on, but first, let me tell you about the […]

Financial Losses and Gains are Asymmetrical

I want to share an insight on financial risk management that we covered during one of my group coaching sessions. We were considering the use of ‘stop-loss’ orders as a mechanism to protect investors from volatility in the markets. I asked my clients to consider the impact of a potential loss on any investment. I […]

Your dreams require a million dollars

In an earlier post, we discussed that the phrases “I wish I had a million dollars” or “I want to be a millionaire” are really just throw-away comments without any focus and therefore unlikely to be achieved by most people. I’d like to elaborate on the fact that the reality of today’s world is that you […]

Millionaire – you might not be ready yet

I’m sure that you’ve uttered the words “I wish I was a millionaire” to yourself many times? If I give you a dollar each time either of us hears that phrase again, then you would definitely become a very rich person quickly! When you were a kid, you might have wished for a million after […]

Change or face extinction

“Change or face extinction” – harsh words first used by medics when engaging with severely ill people, but now applicable to the world at large in a non-medical or health related context… We have seen a tremendous amount of change in the years since the turn of the millennium. I bet you’d be shocked if […]

Clear Your Debt before Investing

Debt is something that you should consider tackling before you begin to invest in earnest. It is a very important money management step and its definitely worth considering. The obvious reason for doing this is that with debt, your account or balance is in a negative state and since you have to pay back that […]