How to invest for your children

Last year my husband and I had our first son. Our much loved baby! As soon as he was born we started thinking about how we were going to invest for him. Our goal is for him to have a nest egg and provide him some security. We hope (and will do the work for […]

4 types of capital that can help your financial independence

In a previous post, I wrote about why I prefer to say personal economics as opposed to personal finance. I explained that personal economics involve a whole lot more than just managing one’s money. It involves different capitals (other than financial capital) that are influenced by your life choices. The idea of different capitals is […]

How to have fun tracking your financial independence

A few years ago when my husband and I first got into personal finance our investments were not substantial. We were playing with spreadsheets all the time and watching our portfolio (very slowly) grow, but our goal of financial independence still seemed super far away. Then one day my husband had an insight. Looking at […]

Why personal economics as opposed to personal finance?

The blogging world is an interesting one. On one hand, I really enjoy sharing my ideas on this website, hoping that they will make sense to you on the other side of the screen. There are great websites out there, blogs that I love and absolutely follow. On the other hand, the world of SEO […]

How to minimize depreciation costs in everyday items

There is a cost that most people don’t take into account. Most people look at how much items cost, how long it will take to pay them off (or save up), and possibly how long they are going to use them for. Apart from more expensive purchases such as a house or a car, once […]

Shifting your thinking to increase your savings rate

The basic equation of financial independence is quite simple. Earn more than you spend and invest the difference. With this in mind you can decide what percentages work for you. Are you going to invest 30% of your income? 50%? Personally, I aim to invest as much as possible, because that is what makes the […]

How to help teens save and invest

When it comes to investing most people say the same thing: they wish they had started earlier. Having so many years ahead of you for your wealth to compound is a huge advantage that unfortunately most teenagers don’t take advantage of. Teenagers are going through a transition from childhood to adulthood. All of a sudden […]

When Should You Borrow Money?

Debt is a tricky thing. It’s so easy to get yourself into it, hard to pay it off and some people don’t seem to be able to live without it. A necessary evil? Maybe. But I must say I agree with Dave Ramsey as I believe that most debt should be avoided. My personal approach […]

What is inflation and how does it affect your money?

Have you ever wondered why the items you buy cost so much more than they used to years ago? From rent to groceries, everything goes up in price over time. Why? Surely you have heard the word inflation, but do you actually understand what it is? What is inflation and how does it affect your […]

The E-Myth – Key Takeaways for Small Business Owners

If you are a small business owner or are interested in investing in your business you have probably heard of the book “The E-Myth” by Michael E. Gerber. In his book Gerber describes why most small businesses fail and what to do about it. He offers great knowledge and insights about the reality of running […]