Your attitudes towards money and your beliefs about money are learned in childhood - from what you observed in your parents and other adults around you and the environment in which you grew up.
Even though you may not realise it, your attitudes and beliefs about money affects the way you react to money and the approach you have to paying bills, spending, saving and investing.
There is only one golden rule to saving and, over time, becoming financially secure.
The rule: SPEND LESS THAN YOU EARN
Basic common sense and a fairly simple approach. The difficulty often is that Read more →
Have you tried to sit down and set some goals for the future?It may be fairly easy to set goals for what you want to achieve this week or this month or even this year. Trying to set goals for the long term may just be that little bit more difficult.
To help get you started - just start dreaming!
Yes that's right, start doing what you got into trouble at school for doing - day dream. Read more →
Have you been looking for the 'holy grail' of investing for years?I think I may have found it and I'm very happy to share it with you. It's not going to knock your socks off but I guarantee that by being disciplined and always using it you will become a better investor. Read more →
Christmas has come and gone and the presents purchased for younger children and grandchildren are likely to have been played with and put on the shelf with the rest of the toys and games.
Perhaps this year's Christmas or birthday present could be a parcel of shares instead of a toy or game? Shares can be 'put on the shelf' too but unlike old toys, over time this gift, carefully selected, instead of gathering dust, with the help of the 'miracle of compounding' should grow. Depending when you start and how much extra you and others (perhaps other grandparents, aunts, uncles could be interested) put in, who knows what the child receiving it could do with the proceeds. Read more →
Have you heard the term 'get rich slowly'? It's a catchy phrase but it does describe the philosophy and approach that Me and Money encourages you to take to becoming financially savvy.
It today's world we are so used to instant gratification that it may take a major mind shift to accept that starting small and saving regularly over a long time frame can actually make you comfortable, financially. Read more →
This is one of the many stories which prompted the launch of Me and Money.
Elizabeth was the wife of a prominent businessman and mother of 3 teenage children. As a couple they enjoyed a wonderful lifestyle – overseas trips, social events and entertaining at home. Elizabeth took little interest in the family finances but Read more →
One of the most easily discounted financial protection strategies, other than keeping yourself healthy so you can continue working and investing, is life insurance.
When you are young it seems such an unnecessary expense to pay as you can’t imagine a time when you would need it. Then, when you perhaps set up home or have a family, it seems there is never enough spare cash for life insurance premiums. Read more →
Why are we so frightened of investing in shares, yet we have no problem buying a property?What are our beliefs about shares vs property and are they founded in reality?
Why do many of us go ahead and buy a $400,000 home and be so confident we have bought the best investment in the world, yet, buying $400,000 of shares would keep many of us awake at night! Read more →
Goal setting seems such an American hype sales pitchy idea to the average laid back Australian with our “she’ll be right mate” attitude. In fact we Aussies probably spend more time planning our holidays than we do planning for our financial future.
Those of us who have just that little bit more life experience under our belt know that 'just a little bit more' goal setting at an earlier age might have been a smart idea. Read more →