Category Toolbox

Get Rich Slowly, Get Started Quickly

Getting rich slowly is the safest way. Getting rich slowly is the most reliable way. It may be the only realistic way. Waiting to win the lottery is waiting to be chosen by a universe that’s indifferent to our existence. Day trading only makes the banks and brokers rich. Working at a startup is much better […]

Your % savings rate is the most important number

Originally published 2020, updated July 2021 I sometimes think that saving has a PR problem. Saving is often seen as something that’s a bit boring or something that you do when you are in fear (e.g. of losing your job). But saving is the foundation of your financial security. When you have a secure financial […]

The Aggregation of Marginal Gains (Part 2)

The key insight from The Aggregation of Marginal Gains (Part 1) is that every little helps. The little things, if done better, all add up to create great results over time. If you can make lots of small improvements in different areas, they all add up to the sort of world-class performance that wins you a long […]

Baby steps for future millionaires (Part 3)

A journey of a thousand miles starts with a first step. So, for people just getting started towards financial independence, here are 10 more baby steps on The Path to becoming a millionaire. Re-programming our habits eventually creates incredible results. The magic is in The Aggregation Of Marginal Gains. 1. Have a taste testing Rather than going out to a […]

Baby steps for future millionaires (part 2)

Do you remember Baby Steps for Future Millionaires (Part 1)? Well, here are 10 more baby steps for you on the path to becoming a millionaire… Remember: a journey of a thousand miles starts with a first step. Re-programming our habits eventually creates incredible results. The magic is in the aggregation of marginal gains. 1. Imagine […]

The 3 numbers that can make you a millionaire

Last week I gave a talk to a room of people about 3 numbers that can change your life. I’d been invited to speak to a London team of an American multinational company by a reader who is a good guy and an unusually enlightened manager. He’d been struck by the lack of unbiased financial […]

Baby steps for future millionaires (part 1)

A journey of a thousand miles starts with a first step. For those that are new to the concept of financial independence, here are 10 baby steps on The Path to becoming a millionaire. Re-programming our habits eventually creates incredible results. The magic is in the aggregation of marginal gains. 1. Go one day without spending […]

The Aggregation of Marginal Gains (Part 1)

If you grew up in Britain in the 80s, you’d know that back then cycling about as about as popular as leprosy amongst the general public. Cycling was for kids, the French and people that could not afford a car. Back then, the idea of a British team winning the Tour de France or dominating Olympic cycling seemed […]

Financial freedom

The Mexican Fisherman

I thought everyone knew the story of The Mexican Fisherman but apparently this is not the case.   Apologies to those that already know it well, but for everyone else this traditional parable (author unknown) is required reading… An American businessman was standing at the pier of a small coastal Mexican village when a small boat with […]