Alarm bells should start ringing if your Retirement product includes a promise of a reward, bonus or other incentive to buy the product.
Ideas About Money
This original content is my way of sharing ideas and concepts which I believe will help you to make a success of your financial life. You will get insight into how I think and consequently what I focus on trying to do well when helping you to reach your objectives.
Reach out if you have any questions on the above or need help making progress in your financial life.
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Why even bother investing
When creating a financial plan it helps to know what motivates you to succeed… have reasons to invest and do it well.
Frugality is not a dirty word
If your lifestyle expenses are lower, your retirement target income is lower, the money you have leftover to invest is greater.
Financial Planning Sucks
Financial planning is not easy but it is worth it. Think of your future self and make it count.
Opportunity Cost
Your everyday choices determine how successful your money management journey is.
Compounding money
If there is only one single concept you put the effort into learning about then make it compound interest
Robo-advisor
Learn about the in’s and outs of using a robo-advisor to your best advantage
Assumption Risk
All plans by definition make assumptions about the future. If you want a plan to be useful best you make the assumptions reasonable.
Framework for financial success
What you invest in should reflect the importance of the goal and the severity of failure on your overall financial success.
Contributing to your own success
The joke is on you. A guy walks into a bar and orders a beer. Bartender says “That’ll cost you 80 bucks!” Guy says “But that is more than twice as much as the pub next door charges!” Bartender says “That’s not entirely…