With the Coronavirus (COVID-19) crisis escalating and the FTSE 100 experiencing its worst day of trading in 30 years, pensions specialists are encouraging the general public, or anyone with a personal pension, to seek professional advice from a regulated independent…
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
Doing my bit to avoid load shedding in South Africa – The #3Switch Electricity Saving Challenge
Imagine you are driving down the road. Some idiot overtakes you in the next lane, you can see that maintenance has not been done on his 1980s sports car, and unbeknown to you, the mechanic who was meant to repair…
Three Mental Models to spend (waste) less – Frugalism, Minimalism and Valuism
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…
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…