When it comes to financial planning, setting clear and well-defined goals is a crucial first step. Without a destination in mind, it’s easy to get lost or sidetracked on the path to financial success. That’s where the power of goal-setting comes in. One popular framework for setting effective goals is the SMART criteria. SMART is an acronym that stands for Specific, Measurable, Achievable, Relevant, and Time-bound. You’ve probably heard it before, but let’s break down each […]
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The power of Conceive, Believe, Achieve
“Whether you think you can, or you think you can’t—you’re right.” This famous quote by Henry Ford encapsulates the incredible power our minds have in shaping our reality (financial or otherwise!). The path to financial success is not just about numbers and strategies; it’s also about harnessing the power of your mind. By embracing the “Conceive, Believe, Achieve” framework, you can transform your relationship with money and create the financial life you’ve always wanted. The first […]
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Tackling financial challenges as a team
In the shared journey of financial management within a relationship, it’s essential to identify the actual challenge: the financial situation, not your partner. Disagreements over money shouldn’t strain the relationship; rather, they should be seen as chances to strengthen bonds through understanding and teamwork. To tackle financial challenges as a team, it’s important to communicate in a way that values each person’s experiences and works towards your shared goals as a couple. One such transformative approach […]
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Sometimes, the best action is inaction
Many investors are drawn to the fast-paced world of buying low and selling high, chasing the thrill of timing the market for quick profits. Yet, there exists a timeless strategy far removed from the frenetic quest for immediate gains: embracing the power of staying invested over the long term. This approach, preferring ‘time in the markets’ rather than ‘timing the markets,’ encourages patience and a steady hand over speculative bets. The challenge with market timing is […]
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Smashing the invisible barriers
When we contemplate our financial goals, the journey often seems straightforward until we encounter invisible barriers that keep us from reaching our full potential. These barriers are rarely about the tangibility of money or the complexity of financial markets; more often, they are the intangible hurdles of our own limiting beliefs. The story of Roger Bannister, the first person to run a mile in under four minutes, isn’t just an athletic achievement; it’s a testament to […]
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The Solomon Paradox
Imagine possessing wisdom so profound that it becomes legendary, guiding nations and solving the most intricate disputes, yet finding oneself ensnared in personal quandaries with no clear path forward. This is the story of Biblical King Solomon, a figure whose life embodied what we know today as the Solomon Paradox—the intriguing disparity between offering wisdom to others and applying it to one’s own life. The very wisdom that made Solomon a figure of legend seemed to […]
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Coaching and financial planning
Financial well-being is not just about accumulating wealth; it’s about how we approach our finances, understanding our behaviours, and align our actions with our deepest values. This nuanced journey benefits immensely from a coaching mindset that integrates the principles of positive psychology, turning the daunting into the doable, and transforming challenges into opportunities for growth and self-discovery. The bedrock of trust and authenticity lies at the heart of a fruitful coaching-type relationship. This foundation enables a […]
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Two lessons for investors
In the journey of personal finance, where the currents of market trends and economic forecasts constantly shift beneath our feet, two principles stand as beacons to guide us through. These aren’t just strategies but rather philosophies that are time-tested and time-honoured. Principle #1: Steering Beyond Economic Forecasts Trying to forecast what’s going to happen in our economy can be similar (although less accurate) to weather predictions for sailors; it’s useful, but often fraught with uncertainty. They […]
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When pausing becomes productive
Crafting a life that balances action with introspection, peace with productivity, is an art form in itself. In moments of stress or uncertainty, turning to specific practices can provide solace, clarity, and rejuvenation. It’s a tough challenge when we simply think about our schedule or responsibilities, but it’s even tougher when we think about managing the finances of a family or business. The more moving parts we have to contend with, the more we need these […]
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Safeguarding your family wealth with a trust
In the intricate realm of financial planning, trusts emerge as a beacon of strategic estate management, offering a tailored approach to safeguarding family wealth and assets. Far from being a mere financial instrument, trusts embody the art of foreseeing and shaping one’s financial legacy, transcending mere wealth accumulation to ensure the preservation and seamless transfer of assets across generations. This adaptability and foresight make trusts a cornerstone of sophisticated estate planning globally, albeit with nuances tailored […]
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