How come school doesn’t teach you how to start your own business?

Conspiracy theories aside, And if we also put aside the original purpose of schools- which was to raise obedient citizens who would be willing to go and die in a war That has nothing to do with them (and we’re putting this aside under the assumption that modern day policymakers have no clue about theContinue reading “How come school doesn’t teach you how to start your own business?”

I’m 15 and want to earn money, but I’m stressing myself thinking about ways to earn online. What should I do?

There are people your age who are making it online, and making it big. Your generation is very fortunate to have been born into the internet era, so by the time you reach puberty you probably know more about computers and the web than your parents do. Go on social media like twitter or InstagramContinue reading “I’m 15 and want to earn money, but I’m stressing myself thinking about ways to earn online. What should I do?”

What do you wish you had known when you were younger about savings and investments, that you now know?

The concept of compound interest. When I was a teenager I worked at a couple of jobs. They paid minimum wage but I did, in total, around 150 hours per month (I didn’t spend much time in school…). So considering the fact that my only cost was my mobile phone bill (and keep in mindContinue reading “What do you wish you had known when you were younger about savings and investments, that you now know?”

I’m 15 and want to earn money, but I feel like I’m stressing myself thinking about ways to earn online. What should I do?

There are people your age who are making it online. Go on social media like twitter or Instagram and look for them. Then, ask them how they do it. Seeing someone like you making it will really help your stress, especially once you’ve found someone who’s helpful and willing to share some tips. Good luck!Continue reading “I’m 15 and want to earn money, but I feel like I’m stressing myself thinking about ways to earn online. What should I do?”

If failing is learning, I’m learning a lot right now!

The past week has been really difficult, probably the hardest since I started doing this. One of our two cats, my baby Yoko, passed away very suddenly last Friday, aged 11. For a couple of days I just switched off, I couldn’t really do anything, which meant that I was on the back foot withContinue reading “If failing is learning, I’m learning a lot right now!”

Is it possible to save most of the money you earn by living in a frugal way?

Yes, it is possible, and many financial advisors and personal finance blogs will advise you to do so. However, my belief is that for most people, that’s setting them up for failure. Most people lack the discipline, the vision and/or the will to go through the “financial diet” required to get from a position ofContinue reading “Is it possible to save most of the money you earn by living in a frugal way?”

Does working hard usually lead to more money?

Hi, I wouldn’t say that it’s the right metric to go by. Someone working in construction is likely to be doing a very physically demanding job. However, the pay for that often doesn’t reflect how hard the work is. The amount you get paid, if we ignore things like unions or legislation, is usually correlatedContinue reading “Does working hard usually lead to more money?”

What mistake did you make that lost you a lot of money?

About 18 months ago my wife and I adopted an amazing 7 year old girl. Until she moved in with us, I commuted to work by bus – I work in a city about 50 miles away from where we live so the commute took about 2 hours door to door. Once she moved inContinue reading “What mistake did you make that lost you a lot of money?”

What can we do so we don’t depend on monthly salaries?

It’s great that you’re thinking in this way, as it’s starting to become more and more mainstream – the notion that we cannot rely on our salary income as our sole source of revenue. Relying on our salary is akin to a business relying on a single client as their sole source of income. It’sContinue reading “What can we do so we don’t depend on monthly salaries?”

What are the ten most important things about personal finance that everyone must know?

In your personal life, there is no such thing as good debt There’s this myth that some debt is “good” because it’s used for growth. The truth is that even when people take out loans with the intention of using it as an investment, they usually cannot resist the temptation to use it for consumption.Continue reading “What are the ten most important things about personal finance that everyone must know?”

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