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Financial Autonomy - The pay yourself first strategy – Episode 73

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December 26, 2018

The pay yourself first strategy – Episode 73

 Have trouble building up a nest egg? Struggling to build up enough cash to start investing? Hate the idea of a detailed budget? If you answered yes to any of these questions, then the Pay Yourself First strategy could be for you. The idea of Pay Yourself First is not new – Google tells … Continued

Saving Strategy

December 19, 2018

Net Worth – how and why – Episode 72

 Remember back in your school days where every few weeks you’d have a test, then at the end of the year there would be an exam. I have kids in high school now and I can tell you the framework hasn’t changed. So why all this measurement? It’s all about assessing progress. If you … Continued

Investment

Saving Strategy

December 5, 2018

Financial Anxiety – is it holding you back? – Episode 70

 I’ve spoken in past episodes about the potential for overwhelm to lead to procrastination. Procrastination is evil because it results in no progress. You’re stuck in the cement. But there’s another element to the no-progress problem, and that is financial anxiety or financial stress.

Self-Employment & Side Hustles

November 28, 2018

Money can’t buy happiness … or can it? – Episode 69

 In his thought provoking book The Geometry of Wealth, author Brian Portnoy observes “Does money buy happiness? The answer to that question can be summarised as Yes, Not really, It depends”. Intuitively none of us like ambiguous answers like this, but here, it successfully illustrates the complexity inherent in the question. After all, what … Continued

Investment

Saving Strategy

November 21, 2018

Financial Fundamentals – the 6 essential foundation stones for financial success – Episode 68

 Today’s episode flows from a meeting I had last week with one of you guys, a member of the Financial Autonomy community. For reasons of privacy, of course I won’t use her real name, so let’s call her Jenny. It was a first time meeting, and in it Jenny observed that she felt she … Continued

Investment

Saving Strategy

November 7, 2018

The reality of negative returns – knowledge is power – Episode 66

 Investment markets don’t always go up. In fact they go down on a pretty regular basis. Is that a shock to you? I suspect not. Yet virtually none of the commentary on investing talks about negative returns – markets going down. But when I speak with clients, especially new clients, usually somewhere in their … Continued

Investment

Superannuation

October 31, 2018

The challenges of investing for children – Episode 65

 With the cost of housing continuing to climb, in addition to the rising cost of tertiary education, many parents and grandparents are worried about what the future holds for the young people in their lives. Last week Michael contacted me. He has a young daughter and was thinking of starting an investment for her, … Continued

Investment

Saving Strategy

October 17, 2018

Crackle & Pop! – Why do investment markets have bubbles? – Episode 63

 If you’ve ever seen a graph of any share market, you will know that whilst over the long term it tends to go up, the graph isn’t a straight line. Markets will go up, up, up over several years, only to fall back for a year or two, before re-starting their upward climb. Research … Continued

Investment

October 10, 2018

Putting the puzzle together – 4 essential elements to achieving your big life goals – Episode 62

 Here at Financial Autonomy, our focus is typically on the money side of how you achieve your goals and gain the choice in life that you deserve. But of course, achieving big goals requires more than just a financial solution. And so in today’s post we’re going to take a step back and consider … Continued

Investment

Saving Strategy

Self-Employment & Side Hustles

Superannuation

October 3, 2018

Have your 20’s set you up for financial failure? – Episode 61

 Habits. Human brains love them! Any time we can go on auto-pilot, we jump at it. Author Samuel Johnson observed, “The chains of habit are too weak to be felt until they are too strong to be broken”. I also like a quote from Agatha Christie on the subject “Curious things, habits. People themselves … Continued

Investment

Saving Strategy

August 22, 2018

The Beauty of the Worst Case – Episode 59

Do you remember those Worst Case Scenario Survival Handbooks that were around everywhere about a decade ago? How to land a light aircraft if the pilot has a heart attack, or how to survive a bear attack. I don’t know if they extended to surviving a zombie apocalypse, but I wouldn’t be surprised if they … Continued

Investment

Property

Self-Employment & Side Hustles

August 8, 2018

4 Hour Work Week – still relevant today? – Episode 57

 Originally published in 2007, The 4 Hour Work Week by Tim Ferriss, made some huge waves upon its release. It also laid foundations for its author that continue to this day. Indeed anyone who’s ever browsed the iTunes podcast charts will have come across Tim Ferriss, whose self-named show is regularly towards the top. … Continued

Self-Employment & Side Hustles