The best plan is the one you can stick to.

There are so many similarities between successful investing and staying fit and healthy.  Both are really simple in theory, but really hard in practice. They are hard because they both need a really important ingredient – discipline.  There isn’t really a holy grail to either endeavor.  It’s just about picking a plan and sticking to it.  But what I have realized is that a suboptimal plan that you can stick to is better than a great plan that you can’t stick to. FULL STORY

Most of us have a spending problem.

Saving money can be hard.  In fact, I wrote in a piece recently that saving is one of the most difficult human challenges.  The pull of instant gratification is just so strong.  We want what we want, and we want it now.

A recent study in the US showed that 76% of Americans live paycheck to paycheck.  That’s a crazy statistic.  That means that most Americans don’t have the available funds to fix a broken car, book an urgent trip or look after themselves if they (or their family) fall sick.  And the reason for this is that Americans have a major spending problem. FULL STORY

Just do it.

I was speaking to someone today and was interested in what had suddenly made her take action after many months of inaction.  I have found that knowledge is simply not enough to make people to act.  We all know we need to spend less than we earn, put a little aside every month and invest wisely.  Likewise, we all know we need to eat a little less and exercise a little more to stay healthy.  If knowing was enough we would all be rich and no one would be overweight. FULL STORY

Do you know your time horizon?

When I sit down with people professionally, the first step is to get to know them.  I want to find out who you are, what is important to you, your values, your priorities.  Then I will help you understand where you are today, and clarify where you want to be in the future.  I find people often know the sort of lifestyle they want to live but they don’t know how much it will cost.  Then I will help you understand, very specifically, the action steps that you need to take financially to get you from where you are today to where you want to be.  The purpose is that you feel confident that you will never run out of money. FULL STORY

Mindless eating and finance

I have written before about the link between our finances and our health.  In a previous post I said:

“I strongly believe that our relationship with money can be very like our relationship with food. The same emotions are at play. There is a strong connection between mind, body and financial health. You have to be healthy and strong to generate prosperity and abundance in your life.”

Ben Carlson has today posted a blog post titled “Mindless eating and finance”.  He too acknowledges the analogy between investing/finance and dieting/weight loss.  He says:

“The equations for each are fairly simple in theory:

  • For your finances: Spend less than you earn, live below your means, budget, save and invest early (and regularly) and don’t take on excessive levels of debt.

  • For your health: Exercise regularly, don’t overindulge, avoid too many sweets, eat less and track your eating habits.”

Simple in theory.   FULL STORY

Ten tips to avoid overspending at Christmas

I recently did a talk with the fabulous fitness guru Virginia.  If you don’t follow her Moozlers Facebook page, then go check it out.  It’s full of useful health, fitness and life tips.  At the recent event, she talked about how to avoid gaining weight over Christmas and I talked about how to avoid overspending!

Whilst Christmas is a time of joy, love and giving it can also be a time of stress, particularly when it comes to your money.

Here are my top ten tips for ensuring you start the new year with your bank balance intact.

FULL STORY

Are you ready to start your journey?

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