Remember To Water - Growing your personal finances
With 2016 over it is time to have a look back at the new year goals I set at the start of the year. I was well on the way at the half way point, so lets see how many were reached at year end. Score: a slightly generous 6 out of 9 (or 67%) for my 2016 new year goals. 1) Increase Net Worth By $100k Goal: Success. The last half of the year was much better than the first fore this goal. It started with two of the largest single month gains I have in my records, and kept going after...
A little while ago Len (from Financial Farmers – go check them out) commented on my post How We Made Our First Million Accidentally. He asked about financial freedom, not having to work, and early retirement. In my reply I talked about maintaining principal, inflation and a bunch of variables. We both had similar goals (although 40 seems a little to soon for me), but had very different capital requirements ($3+ million vs $1.25 million). So I wanted to redo some of my calculations, and was also questioning some of my assumptions. Needless to say, I jumped straight to Excel and put in...
Time for my third dividend update. Can you pick the spot where in the dividend graph below I decided that the house was paid off enough to start putting some of my money into shares rather than just paying off more of the mortgage? Or how about the point in the interest graph where the house was fully paid off and the mortgage payments were redirected to savings? Graphs are good at showing changes and progress, and that is why I love them – especially for passive income. If you are new to these updates, then my first update lists more detail...
It is not hard to guess what I am talking about when I say intentionality. Obviously I am talking about doing things with a direction, a purpose, a reason, an intent. Recently I listened to a podcast (I wish I could remember which one) that talked about the importance of being intentional in your financial choices and decisions. So I wanted to talk a little bit about my, slightly alternate view on that. I also list my (current) intentions around my finances. Having Intentionality You don’t have to know what you want to have intentionality. I know that may sound backwards, but...
Money Tips 31 to 40 Explained (#MoneyTips) Time for my fourth set of 10 money tips to gain an explanation. I have posted my money tips to Twitter (using the hash tag #MoneyTips) and found that some of them were very hard to keep within that magic but annoying 140 character limit. So far I have managed it, however sometimes a little of the meaning seems to get lost, and occasionally I wanted to add a little more explanation. This is where I do it. I hope you enjoy the next 10 tips below – and remember to tweet @RememberToWater with hashtag #MoneyTips...
Some Of The Finance Topics I Think About If you just want numbers, jump down to the end of this post for the record return numbers. Otherwise let me jump back and have a look at the many bits and pieces that make up a persons financial picture. I am sure I don’t have them all listed, and am surprised people don’t think about their finances every single day given how broad the topics are. On any given day I can find myself thinking about any or all of the following: House prices Official interest rate Investment loan rates Bank interest...
Now that I am firmly back from holiday, I thought it was a good time to quickly check in on my new year goals from the start of the year and see how I am going. So how are my 9 new year goals going so far, and what has changed… 1) Increase Net Worth By $100k After a stellar August (that was good enough that I may post about it separately), I am $66k towards the $100k total. So this goal is going quite well. Lets break it down further, however the original goals are not quite how I track...
Money Tips 21 to 30 Explained (#MoneyTips) Time for my third set of 10 money tips to gain an explanation. I have posted my money tips to Twitter (using the hash tag #MoneyTips) and found that some of them were very hard to keep within that magic but annoying 140 character limit. So far I have managed it, however sometimes a little of the meaning seems to get lost, and occasionally I wanted to add a little more explanation. This is where I do it. I hope you enjoy the next 10 tips below – and remember to tweet @RememberToWater with hashtag #MoneyTips...
After a wonderfully relaxing, almost month-long vacation – I am back. Did you miss me? I know I didn’t, but then I am with me almost 15 to 20 hours a day (depending on how much sleep I get). Now I am back, it is time for my second net worth update. My last net worth update was back at the end of 2015 where I had just cracked the $1.15m mark. Let’s see how the last 6 months have treated me… Firstly, the share market (all ordinaries) over the last 6 months has been up and down a bit, but...
Many people would say there are more than five steps. Others would say just one or two things could get you on top financially. Both could be argued, but after reading many blogs, living out all of the five to some degree, and doing a lot of thinking, I have come up with my five realistic steps to get on top, stay on top, and win financially. To set the ground work I just want to say that by “on top” and “win” I mean not having to worry about money. I am not talking top 1% or 0.1%, I am talking...
