Showing posts from July, 2017

4 questions to ask when you're planning for a rainy day

Even if you live in the desert, you still need to ensure that you and your loved ones are protected against a rainy day.  Here are 4 questions to ask, when you’re thinking about what you need to do to look after yourself and the ones you love.
Who needs to be protected?
If you’re a single, young adult without children, then maybe all you need to protect is yourself and your pets.  Once you start getting into relationship and children come along (or maybe you’re assuming financial responsibility for elderly relatives) then you need to think about protecting them as well as yourself.  Remember that the income you earn is only a part of your overall value, if anyone you care about is relying on you in any way, you need to think about how much it would cost to employ someone else to do what you do and factor that into your calculations.  For example, if you have responsibility for looking after children, then you need to think about the cost of paying for childcare if you became unable to f…

7 money management tips to manage your personal finance like a successful company

If you want to be your own door and make your own opportunities then that means you need to start thinking about yourself as being an investor in your own present and future.  Whatever your stage in life, your financial decisions now will have an impact on your own future, the people you love and the legacy you leave behind.  Here are 7 tips to managing your money like a successful company.
Recognize that cash-flow is king
The most basic element of financial management is making sure that you always have enough cash to cover your essential expenses, plus a little left over to save for future essential purchases and emergencies.  For practical purposes, essential expenses, in order of importance, are:
anything you need to pay to keep body and soul together anything you owe the government anything you’ve made a legal commitment to pay
You may have more control over each of these categories than you think and we can talk more about that in later posts, but these are the expenses for which you …

Your 7 point plan to financial and professional freedom

In the old days, employees had job security and freelancers charged high fees to compensate for the risks of self employment.  These days employment can be much less secure and freelancers are much more likely to be competing in a global marketplace, which can make it more challenging to find well-paid work.  Putting this together means that regardless of whether you are employed or a freelancer (or a combination of both), you need to be prepared to manage your financial and professional wellbeing.  So here is a 7-step plan to do just that and I’ll be covering these topics in much more detail in forthcoming posts.  I’ll also cover practicalities such as effective planning, how to manage your time and how to get the best out of people, including yourself.
Get on top of your finances right now
Hopefully you always, or at least generally, find yourself with more money than month, but even so you want to keep tabs on where your income is going, partly to see if there are any changes you nee…

Be your own door - the name and the vision

If opportunity doesn’t knock, build a door. - Milton Berle
This is one of my favourite quotes of all time and I have created this blog for people who believe in that vision, but perhaps need some help and/or support to go about making their vision a reality.
Being able to live the life you want starts with having enough money to finance it. Believe me, I understand how difficult that can be at any time, particularly right now when people of all ages can be struggling just to get by.
My basic take on getting to where you want to be in life is:
Do what you need to do until you’re finally able to do what you want to do.
Once you’ve reached a place where you’re happy, the work continues so that you maximize your chances of continuing to be able to live the life you want, even as circumstances change, which they will because change is a part of life and we all need to accept that fact as a reality.
This blog will be a mixture of my sharing my journey with you, together with general strate…