If you find budgeting laborious and hard to stick to, it might just be that your not matching your budgeting methods to your personality and lifestyle. “You mean I have to track every dollar? Every week? On a spreadsheet?!” “Um, why would I want to carry cash around in an envelope?!” “But I want to… Read more »
It’s ridiculously easy to get stuck in metaphorical quicksand when making financial decisions. To help us out, financial adviser Andrew Dunbar shares a reliable framework to guide the process. Ever notice yourself spending more time on trivial decisions than you do on the significant ones? You’re not alone. It’s often called ‘decision quicksand’, as these small… Read more »
Becoming a master of delayed gratification means you can buy as many marshmallows as you want, forever. Delayed gratification is basically your ability to resist the allure of an instant reward and hold out for a potentially greater reward in the future. It was first explored in the famous 1972 Stanford marshmallow experiment by psychologist… Read more »
Why is it that you’re constantly getting into financial trouble even though you try so hard? Could you somehow be self-sabotaging your finances? No, you’re not intrinsically bad with money. But you might be unintentionally self-sabotaging your finances. All the budgets, savings plans, investment advice and frugal tips in the world aren’t going to help… Read more »
There’s a 10-year-old book by Steve Siebold doing the rounds again. For good reason. How Rich People Think taps into the psychology of money and there’s a lot to learn from its pages. Back in 2010, author and self-made millionaire Siebold interviewed 1500 rich Americans to try and find out what makes them different to the… Read more »
Do you know how much money is enough for you? You can only figure that out if you know what living a sufficient life looks like for you. If we want to be happy and fulfilled beings, we need to ensure we’re defining how much is enough in our lives. My company Sufficient Funds was… Read more »
As you know I’m all about being sensible with our money, and encourage others to do the same. Still, I reckon there’s a difference between being financially prudent and being a bit of a cheapskate. It’s not a good look. Shirking your round at the bar is one example of a savings strategy that wanders… Read more »
Getting in touch with what matters most to you can flip how you view your finances. In fact, knowing your key values can help you manage your money far more effectively. When we think about our finances, we tend to think about budgets, investing, spending and saving. In essence, we’re thinking about money. And why… Read more »
Don’t underestimate the impact of psychology on a property’s sale price. After all, for many, buying a home is much more of a psychological decision than a logical one. With the real estate market undergoing an unexpected boom, more property owners are considering selling up. Whether it’s to claim capital gains accumulated over the years,… Read more »
