All tagged Personal Finance

Becoming an Investor*

All your working life you are trying to increase your net worth so that when you finally stop working you start to slowly spend it to live on. If upon retirement each year you take 4% out of your pot of savings it will take about 30 years to boil the pot dry. So what can you live on a year? Do you need to invest $100K, $200 or $500K?

Relationships and Money

Having a common goal helps. We equally don’t want to be broke now or broke in retirement. We want to work less now, enjoy family life now, be prepared when things go wrong and not be so reliant on other people to create an income. These goals keep us on the straight and narrow and they are something that we openly discuss.