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Financial Autonomy - How to get your partner engaged in your Financial Autonomy goal – Episode 74

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January 2, 2019

How to get your partner engaged in your Financial Autonomy goal – Episode 74

 A significant reason many people don’t achieve Financial Autonomy is because they get pigeonholed into a certain life. They define themselves in certain ways, and often this flows from the role they’ve developed in their marriage or significant relationship. Some people worry about how their partner will react if they want to choose a … Continued

Investment

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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

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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

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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

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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

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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

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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

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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

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August 1, 2018

Are you playing offence or defence? – Episode 56

 All sports have elements of offensive and defensive play. And whether you play Netball, soccer, cricket or basketball, your team must constantly strike a balance between the two. In pursuing your Financial Autonomy goal, you too must find a balance that will see your goals achieved in an acceptable time frame, whilst also enabling … Continued

Investment

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Self-Employment & Side Hustles

July 18, 2018

Pay off the mortgage or invest?- Episode 54

 A shout out here to Christine Calnan who emailed me about this dilemma – whether it is best to put your savings towards extra mortgage repayments, or should you instead be investing? This is one that does come up a lot when I’m working with clients, and it’s certainly not a question with a … Continued

Investment

Property

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July 11, 2018

Investment Power-Ups – Episode 53

 I was binge watching a fictional Netflix series last week about a group of 4 guys who had made an app that had become a huge hit, Angry Birds style. Each of the 4 guys had particular skills, and there was a scene where one of the guys was feeling pretty lost. He bemoaned … Continued

Investment

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July 4, 2018

Mini-retirements – Episode 52

 In several previous posts we’ve looked at strategies to help you achieve early retirement. I’ve often spoken about the fact that early retirement in our Financial Autonomy context doesn’t mean spending all day sitting on the couch watching the Simpsons. Our objective is gaining the flexibility and choice to pursue the things that we’re … Continued

Investment

Saving Strategy

Superannuation