First Direct have published their second Wellness Index, brought forward to assess the impact of Covid-19 on people financial wellness. Written by neuroscientist and clinical neurologist Ash Ranpura, it makes a fascinating read; particularly if, like me, you’re fascinated by the intersection of money and phycology. We’re an odd bunch …
Thomas J Stanley, William D Danko A fascination book, and high on many lists of finance books I’ve come across. It’s pretty dated, so the figures won’t be accurate any more, but the central message certainly is. Essentially, the authors studied many millionaires, and analysed many attributes. The key take …
Debt Think of your financial situation as a snowball: When in debt you are pushing this huge snowball up hill. As you pay your debt off, and the interest element decreases, your snowball gets smaller, lighter, and less of a burden. You reach the top, and can enjoy the view …
A fairly simple way to make some money is to switch your bank. Despite pathetically low savings rates banks do still want our business, so why not take advantage? I have 3 accounts. One I’ve had for 20 odd years. The other 2 I switch every year. This year I’ve …
There’s an interesting article in this week’s Moneyweek regarding the use of cash. As it points out, there are several powerful stakeholders for whom replacing cash is beneficial. The government can of course tax electronic payments more reliably than cash transactions. The banks and tech companies behind the payment methods …
I like this, found in Youtube’s comment of all places. Not somewhere you want to spend too much time… Best Rule for Spending: “If you can’t buy it Twice, you can’t afford it”
I decided to start this blog to document what is proving to be a long but interesting and potentially highly life changing journey.
