Imagine you want to watch a film. The cheapest way is to wait for the film to run on free TV. But what if you want to watch it as soon as possible and are prepared to dip into your Freedom Fund to get it? You have a choice. You can either buy the physical […]
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 […]
Without further ado, here are The Escape Artist’s Top Anthems of Financial Independence… Working 9 to 5 (Dolly Parton) Was there ever a more under-rated thinker and businesswoman than Dolly Parton? For someone that never worked a cubicle, Dolly has an remarkable understanding of the dynamics of the Prison Camp. And quite the head for business. Did you ever […]
Reader: OK, T.E.A. – I’m the customer of a wealth manager or financial adviser and I read your previous post on being screwed. I’ve a nasty feeling I’m paying a shit load of fees for underperformance but I’m nervous about changing. It would be hard for me to leave…who would I speak to when the news headlines are […]
Charlie Munger likes to invert problems. He says he’d like to know where he is destined to die. Why? He explains: “So I can then be sure never to go there”. Similarly, one way to get rich is to think about how to get poor…..and then do the opposite. A good example of this is day trading. […]
I’m going to turn down a new job tomorrow. People keep telling me that I’ll need to get another job…for mental stimulation even if not for the money. They may be right about that, but this particular job is not for me. Its not because I can’t do the job. Its a wealth management role that […]
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 […]
If you live the philosophy of this site, you will become rich. Slowly but surely, the years will pass by, the cash will roll in and one day you will realise that you have become surprisingly wealthy. Rich enough to buy a Ferrari and annoy your neighbours – only by then, you will not want to do that. Many people […]
Imagine you are a young guy and you want to buy a house. You go to the Bank to borrow £250,000. After all, everyone else is doing it…how hard can it be? You are 25 and have the rest of your life to pay it back. The bank manager looks at you, checks that you have a job (wearing a […]
Reader’s voice: I don’t understand….what’s all this stuff about a prison camp? It’s not 1943 and we are not in Nazi-occupied Poland surrounded by barbed wire, watchtowers and Wehrmacht guards… Let me clarify. That stuff about the World War II prison camp is just a metaphor. It’s actually 2014, and here we are living in the […]
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