When I receive questions from time to time asking about student loans and whether I think it’s worth taking one on to invest the loan amount and make money out of taking on debt, you better believe, I’m interested in finding out more!
All tagged Investing
How I Help My Daughter Invest
Every week I receive one or two emails specifically asking about how to help children invest and there are often comments on various social media about whether you even should help your kids and if you do, whether you should tell them about it. Over the years we’ve evolved an investment methodology for our daughter that appears to be working so I thought I would share with you what we do in our own whare and that might give you some tips for what you can do in your own household.
Margin Lending - Borrowing money to invest in shares.
Borrowing money to buy shares is something that I don’t hear about that often and I have only really come across a small handful of examples of it in the last couple of years of blogging. Whereas we borrow vast sums of money all day long to get into the housing market, without the word ‘risk’ ever really being used, when we borrow money to buy into securities our first instincts are concern and fear.
What about the bit in the middle: Medium Term Investing
The very first thing I would do is set up an automatic transfer to syphon off a set amount of money each week into a sub account with your bank and give it a flash name like “IKMSMOI” (investments keep my sticky mitts off it).
Mortgage be gone!
People tell me that they are investing quite large sums of money in order to get a return but at the same time they have a mortgage. My short and sweet response is typically that “in my humble opinion, you can’t make money while you owe money”. Once I’ve uttered my opinion the fireworks often start.
Over invested in my property?
I am constantly debating the question of “should we sell our perfectly suitable house that we really enjoy living in?” The reason for doing this would be to free up cash that I could invest that would then generate an income. I keep referring back to the numbers and talking it through with Jonny. I thought you might be interested in the numbers too.
Getting Ahead Financially: Subscribers Tips and Tricks
Two weeks ago I was giving away a book The Simple Path To Wealth by JL Collins and in order to win it I asked you to send me an email telling me the most simple strategy you have devised so far to get yourself ahead financially. I was flooded with suggestions and I thought that they were just too good not to share.
How does a teenager create a strong financial future?
Olivia spent the school holidays working hard and she has found herself with that wonderful problem, too much cash sitting in the bank. In this blog post, I detail a strategy to show her how to make her hard earned money work for her and create a strong financial future for herself.
It’s not what you earn. It’s what you save!
For those of you who are just stumbling upon the FI community you have to agree to be a weirdo like the rest of us and start to pay close attention to how much you are SAVING. It is arguably more important than what you are earning.