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…
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
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.…
eToro – Is this the Cheapest Option for South Africans to Invest Offshore? – With zero caveats
If you find Easy Equities options too limiting and Interactive Brokers way too complicated – then eToro could be just what you are looking for. I signed up in about 10 minutes, it would have been 5, but I spent…
Interactive Brokers – The world’s best online broker – is now available to South Africans – With two key caveats
Sign up link to Interactive Broker (If you decide to sign-up, please use my referral link to support this blog and my journey) I’ll start with the two key caveats, to save you time. You need to be able to declare…
Spending tomorrow’s happiness
I stopped drinking 439 days ago. I have an app that tracks it. It was useful to remember “my why” in the early days of breaking that happiness debt cycle. – “Too many wasted days to hangovers. Feeling down, losers.…
Investing Strategically – So many Opportunities in this time of Crisis
To save some time, for those looking for the next 10x investment and/or how to be rich by Friday, this post isn’t going to help you. It’s been almost 12 months since I last wrote in my Project Fire 40…