Throwing money away? Need to get on the housing ladder? The “forever home”? All nonsense – read on to find out why renting get an unfairly hard time.
What’s so special about you, anyway? OK fine, I’ll try to help you – but you won’t like the answer…
Sam Zell is a multi-billionaire who built up the largest commercial real estate holding in the US, was responsible for turning Real Estate Investment Trusts into a mainstream asset class, and has invested in countless major public companies. These are my notes from his book, “Am I Being Too Subtle?”
The concept of “paying yourself first” was, for me, the most powerful concept in the book “Rich Dad Poor Dad” by Robert Kiyosaki. It’s so powerful I’ve applied the principle to many non-financial areas of my life too, and seen huge benefits.
Budgeting is boring. Luckily, there are more effective ways to make sure you hit your financial goals.
Buying or selling a property in the UK is one of the most painful and frustrating experiences that the majority of adults voluntarily put themselves through. Although I love property as an investment, I’ve always considered this transactional torment to be one of its biggest drawbacks. In fact though, for investors it could be one of its biggest advantages – by protecting them from themselves…
When you first visit a financial advisor, they’ll take you through a quiz to determine your attitude to risk. This has a fatal flaw: you can’t possibly know how you’ll feel about losing money until it happens.
“Inflation is destroying your savings – you need to have your money invested”, goes the typical personal finance advice. After building your emergency fund, conventional wisdom says that the rest of your money should be working for you at all times. This makes sense as a general principle, but I don’t believe it’s true for everyone in all cases.
Don’t embarrass yourself in a Thai market like I did.
When you hear the word “inflation”, you should mentally boo and hiss as if it’s a pantomime villain. Actually, no: there’s nothing pretend or exaggerated about inflation, so that’s the wrong response. You should get angry when you think about inflation. If your reaction at the moment is indifference or bemusement rather than anger…stay put.