Here’s one of the hardest (or least asked…) questions when it comes to financial planning: “How much is enough?” It’s a simple question, but one that most people never stop to consider. We’re so caught up in the race for ‘more’ that we forget to ask ourselves why we’re running in the first place. It’s a vital question that we need to ask, so much so that Paul Armson wrote a book about it – “Enough? […]
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The gap between our income and ego
Is money linked to our ego? It’s a question that invites us to reflect on the deeper motivations behind our financial decisions. Morgan Housel, in his thought-provoking way, suggests that “savings is the gap between your income and your ego.” This statement can be confronting, especially because it challenges us to consider the extent to which our financial behaviours are driven by a desire to maintain or enhance our sense of self-worth. While Housel’s observation holds […]
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Nudging, not judging
Change is one of those things that we all know is necessary but often struggle with. Whether it’s a change in our spending habits, our health routines, or our approach to relationships, the process can be daunting. The desire to improve is there, but the path forward isn’t always clear or easy. This is where the concept of “nudging, not judging” can be transformative. It’s about guiding ourselves and others toward positive change with gentle encouragement […]
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All behaviour is communication
Have you ever paused to consider what your behaviour might be saying about you… to you? It’s a fascinating thought, isn’t it? All behaviour is a form of communication. Every action we take, every choice we make, sends a message, not only to the world around us but also to ourselves. In the realm of financial planning, this idea becomes particularly intriguing. What are our financial behaviours trying to tell us? Think about it. When you […]
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So, why do we plan?
Have you ever wondered why we spend so much time planning, even when we know that life rarely goes according to plan? It’s a curious thought, especially when it comes to financial planning. Carl Richards beautifully encapsulates this paradox: “In fact, the only thing we know for sure about any good financial plan the moment we finish designing it is that it’s wrong. We just don’t know exactly how… yet.” This might sound disheartening at first, […]
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Problems that seem simple at first
Life’s a bit of a puzzle, isn’t it? We look at our problems and think, “Oh, that’s straightforward enough.” But then we start digging, and suddenly we’re in a whole different ballgame. It’s like peeling an onion – layer after layer, each revealing something new. And you know what? There’s a reason for all this complexity – and it’s not just to bring tears to our eyes… Most of the time, the issues we’re facing are […]
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From Hocus Pocus to Financial Focus
You know that feeling when you check your bank account and suddenly you’re thinking, “Hocus pocus, I’m brokus”? Yeah, we’ve all been there. It’s like one minute you’re feeling on top of the world, and the next, poof! Your money’s vanished faster than a rabbit in a magician’s hat. But here’s the thing: our finances aren’t actually controlled by some mysterious, magical force. Even though it might feel that way sometimes! Nope, it’s all about the […]
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The art of switching off
What if the key to unlocking a richer, more fulfilling life lies not in doing more, but in doing less? In our hyper-connected world, where the lines between work and personal life are increasingly blurred, this question has never been more relevant. The older we get, the more we see and learn how burnout can impact not just our emotional well-being, but our relationships and finances too. The constant pressure to be “on” can lead to […]
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The Baby-Steps Rule for Financial Growth
You know, it’s funny how we often think about our finances. We look at our bank accounts or our debts and think, “Wow, I need to make some big changes here.” And then we get overwhelmed and end up doing… well, nothing. Sound familiar? But here’s the thing: what if we didn’t need to make those massive, life-altering changes all at once? What if we could improve our financial situation just a little bit every day? […]
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Pause before you pay (part II)
ENHANCING FINANCIAL WISDOM: FROM PRICE COMPARISON TO SPENDING AWARENESS The simple act of pausing before making a financial commitment can transform your budget and savings strategy, echoing the thoughtful approach advocated by Benjamin Franklin: “Beware of little expenses; a small leak will sink a great ship.” Taking a moment to think before you buy significantly encourages better spending decisions. This brief pause allows you the opportunity to conduct a quick search for better prices or alternative […]
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