I started Project FIRE40 with an ambitious goal of going from unsecured (lifestyle) debt to financially independent in a rapid four years. It’s ambitious and I think realistically, I’ll miss by a year, perhaps two. Which will still be a…
Author: Dave Colley
After a period of self discovery in his early 30s exploring topics from Financial Planning to Meditation, Dave asked himself why he only now discovered some of the key critical ideas that lead to a happier, more purposeful, less stressful life. In short more successful.
Why wasn’t this taught earlier? He had given away his time in his 20s cheaply. He is determined help others fast track their way to success through coaching, blogging and courses in the academy.
He reads extensively and is coached by the best, this is coupled with life experience and degrees in Financial Economics, as well as being a Chartered Accountant.
See what he is doing now - http://smarturl.it/DC-Now
Five glorious mindsets to adopt in 2020
As we embrace the new year, it is an opportunity to re-frame our thinking and to challenge the hidden scripts we live by. Become “overly optimistic” – Mr Money Mustache is a pragmatist, I think I default to the same…
Mental Models for MMM’s Outrageous Optimism Argument
I am an old man and have known a great many troubles, but most of them never happened. Mark Twain As a naturally pragmatic person, I typically adopt Edward de Bono’s Black Thinking Hat, immediately spotting and highlighting the difficulties…
Hack that Mortgage – 7 Levers to reduce a 25 year mortgage to just 8 years
We usually buy too much house. The maths in a lot of countries shows that renting makes a lot more financial sense (every model I’ve built, has had the same conclusion), in terms of risk and return – assuming we…
The Paradox of Freedom – We need Rules and Structure
We want freedom to do what we like. We rebel against rules and structure, herein lies the paradox. I see it regularly with one person businesses (such as dentists and electricians), freelancers and entrepreneurs, they chose this way of earning…
Time to Simplify your life? – Some practical ideas
I am compulsively productive. I always need to be doing or rather achieving something, I even have to schedule in unstructured decompression time. I have recently started what is potentially the most challenging role of my career and definitely the…
A simple three part Financial Plan Checklist for South Africans starting their road to Financial Independence
This plan for someone starting out there journey towards financial well-being. It is for someone with at least a decade to go until their planned retirement, preferably more. If done well, 10-15 years is enough for many to become financially…
The Alcohol Fallacy – The Time Debt that Charges Interest, Lots of Interest
Last Sunday was a write-off. I had a headache after a night of disrupted sleep. I was grumpy. To think, this was so so so many Saturdays or Sundays (and honestly more week-days than I’d like to admit) feeling like…
How I talked myself out of spending R150k (£17k) – Pay per use, annualise the cost and other spending mental models
I regularly catch myself rationalising spending on things I don’t get value out of. With value being highly subjective to the individual and the circumstances, it can be difficult to compare spending on apples with spending on insurance, which is…
A new type of rich – Q&A with Matt Esof – Stuntman, Martial Arts Instructor and Tech Entrepreneur
“The New Rich (NR) are those who abandon the deferred-life plan and create luxury lifestyles in the present using the currency of the New Rich: time and mobility.” – Tim Ferriss I am fascinated by people who take the Third Door option…