In today’s fast-paced world, our focus often tilts heavily towards building wealth, leading us to overlook the vital importance of looking after our health. In the relentless pursuit of financial success, we tend to neglect both our physical and mental wellbeing. This skewed allocation of time and effort towards accumulating wealth can come at the…
Money is important and I don’t intend to knock its significance. The lack of money prohibits access to many experiences. Although that rings true, a lot of the things we want to do early-on in life require health and time, not money. When you zoom out you realise that money is just one of various…
Money is a significant source of stress. More than half of Americans feel embarrassed talking to others about their finances, according to new research done by Questis. But not talking about it doesn’t mean the problem isn’t there. A survey of 2,000 adults examined their relationship with money and found that 56% believe talking about…
In May 1999 Barron’s published a cover story on Amazon shortly before the tech bubble burst. In the article Jeff Bezos was rubbished as just another middleman and that the idea of him pioneering a new business paradigm was silly. We all know what has transpired over the following two decades. Bezos won over the…
We confuse activity with achievement. Leidy Klotz in his book “Subtract, The Untapped Science of Less” focuses on this fascinating question: “In designing our worlds, why do we always seem to add, but not subtract?” He writes that we often start with “What should I do more off?” A better approach is to ask ourselves: “What should I do less…
Charles D. Ellis in his best-selling book Winning the Loser’s Game suggests that individual investors will be better off by working with the markets instead of against them. Based on historical facts he argues that investors need to avoid short-term traps to concentrate on their long-term strategies. The magic ingredients are time and compounding. His advice has been…
Life is uncertain. We cannot control many of the things that have an impact on our lives. Some of the most important numbers that you would like to know are unknowable in advance. We don’t have control over these numbers. How long will I live? How much will I spend on utilities in 20 years…
In a recent article I discussed the transient nature of Enough. Enough seems to be…. “Just a little bit more”. Our expectations increase along with our possessions resulting in no permanent gain in happiness. Happiness gains from merely “having more” are short lived. What is truly important to you? We should consider our happiness and…
You only benefit from a long-term plan if you stick to it. Fund flows and behavioural research confirms that we don’t. We are hardwired to feel that we should act when we experience stress. Market volatility causes us to make decisions that hurt us in the long-term. It impairs your ability to think or behave…
What memories will race through your mind as you approach the end of your life? We confuse wealth with more money. How we spend our time directly impacts our well-being. People often spend more time at work to earn more money for their families. Sadly, often the family would prefer more of their attention. It…