The Wealth Equation. Maximise, minimise, optimise.
The ability to turn a complex idea into a simple set of habits is usually the secret to success. This week, we thought we would ‘boil’ financial management down to a simple mathematical formula which many successful people have applied in their own lives. We call it the ‘wealth equation.’
Compound Interest: The Best Time to Plant a Tree Was Always 10 Years’ Ago
They say the secret to successful comedy is all in the timing. Funnily enough, the same goes for investment or debt management. But unlike with comedy, when it comes to money it is usually best to get in early. That’s because anything that earns interest is worth acquiring earlier – and anything that charges interest is worth paying off as soon as possible.
Ways to Not Argue with your Partner over Money
If you live with someone you love, then this week we want to offer you some light-hearted but useful advice to avoid arguments about money. After all, successfully managing money together calls for as much tolerance and good humour as all the other parts of life that couples need to negotiate. If you can keep smiling, everything becomes a lot easier.
Anchoring Bias: The Mental Side of Money Management
The ‘mental side’ of money management is always important. Given the events of 2020, how we think about money has become even more vital. While no one really knows what the lasting economic impact of the Coronavirus will be, the one thing that we can be certain about is that many of our working assumptions will need to be changed. The new world will not be like the old world. We will all need to think differently when it comes to our finances.