It is necessary to question. It’s also necessary to trust. Science is designed to be refined over time. It sets up questions, that can get refuted. Something, that can be proved wrong. The scientific method is the process of making…
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
When the likely outcome occurs and you regret it – is it a mistake or a choice?
I have cultivated a lot of good better habits. I stopped drinking for 18 months to curb the occasional (or frequent) binge sessions. I took up running for fitness, weight loss and mindfulness. I went mostly vegan for 9 months…
The 5 Love Dissuasions – How acts of love are unknowingly rejected
I recently read the 5 Love Languages. It is a powerful read and I encourage anyone looking to enhance their intimate relationships to add it to their reading list. But I feel it is incomplete. As is my intention, I…
Getting Things Done – Starters, Finishers, Do’ers, Don’ters
If a task needs doing. I give it to a doer. I have found that giving something to someone who has the time, often ends up being more work than just doing it myself. Some people are great at starting…
The Hierarchy of Assets – A simple journey from Cash to Equity
It can be confusing to understand the financial system. To help, this is a conceptual financial journey, there will be exceptions. Before we start: We pay a premium (extra) for certainty Risk – Risk is that we get something other…
First Order thinking is limiting – Make slower and better decisions
A simple question that could fundamentally change your thinking. “What are the second and third order consequences?” Ray Dalio I was chatting with my cousin and his wife. They are both involved in the military. She mentioned that they were…
Your Deceptive Values, Your Reflective Habits
It was windy and raining, a cold front was passing over. The weather was not appealing, but it would have been more uncomfortable not to go. I put on my running shoes. If I hadn’t, it would have itched at…
Should I Rent or Buy? – What does the maths say
When I moved back to South Africa last year, I couldn’t understand the fixation on buying property. There is of course the ill-informed – “paying someone else’s mortgage” argument, rather than the “paying a subsidized amount for the use of…
Building a Property Portfolio in South Africa – Personal Tax, Endowment or PTY?
I generally subscribe to the Simple Path to Wealth. My strategy is generally equity based, with the highest likely return over time. The over time being crucial, it is no where near as consistent in terms of cash flow. In…
Contribute more to a Retirement Annuity or go Offshore and pay CGT? – Why a South African RA isn’t for me on my journey to FIRE
I started this post with the intention of explaining why an RA isn’t for me. I’ve been skeptical for a while now that it’s advantages outweigh the constraints for disciplined investor. So, I built a model to prove my point.…