One in three people in the UK worries about Personal Debt Survey conducted by MoneyExpert.com. Published 18 Feb 2008 Continue reading Avoid debt worries
You have FINANCIAL INDEPENDENCE when your unearned income can pay for your expenses. You can be financially independent when you spend a lot and investment income is high. You can be also financially independent when you have much less assets but your expenses are low. So net worth is a factor, but just as important is your expenses. There are also degrees of financial independence. … Continue reading What is Financial Independence
There are many benefits of being financially independent: You have no worries if you are out of a job. You have no worries if you are unable to work for health reasons. You don’t have to go to work if you don’t want to. Have you experienced weeks or months when you couldn’t stand your bosses or subordinates? When you feel what you do in … Continue reading Why be financially independent?
Observations of people over several generations simply suggest this: Financially independent people have recurring income from investments. They have investments because they saved, and learnt to invest. They were able to save because they spent much less than they earned. Finally they were able to have good earnings because they learnt. LEARN – Be a Star Student EARN more than your peers SAVE half your … Continue reading How to be financially independent?
Whatever your talent, it always makes sense at least to finish school. The school and university route to a career is still the least risky one to take. Unless you see an opportunity that will never come again in your lifetime, complete your university education, preferably leaving with a professional qualification. The reasons are: Data consistently show that generally more education corresponds with more income. … Continue reading Complete your Education
I am Henry. When I was 4 years old, my parents divorced and that ended my childhood. I was sent to live with relatives who struggled to earn a living. I marked cards in the gambling house and sold cigarettes on the streets. At the end of elementary school I failed to qualify to enter high school. My life had come to another end! I … Continue reading I did it
Many people tie their sense of self to the work they do. If they work for only one employer in their lifetime, they might tie their self-concept to the company. We hear horror stories of Japanese employees who continued the daily routine of dressing up, taking the train to work, and hanging around their old offices. There are similar stories in other countries. A close … Continue reading Quickly grow a non-career identity