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Your % savings rate is the most important number
Originally published 2020, updated September 2022 In personal finance, The Good Old Days were actually The Bad Old Days. In the Bad Old Days, before people knew about financial independence, there were financial advisers who acted as The Gatekeepers to investing. People did not know how to invest themselves (sadly, many still don’t) and you […]
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 […]
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
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
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 […]
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 […]
The Escape Artist 