how to be poor
Education

How To Be Poor On £250k Per Year

It’s shocking and sad at the same time but making a six-figure salary is no longer enough to live a care-free life, especially if you live in an expensive city like London.  In some instances, well-paid professionals are worse off than those who make […]

private school cost
Education

The True Cost Of Private Schools

I hope this article will be useful to all the parents and future parents out there who are considering private education for their children.  I am using the UK school system as an example, but the facts below hold for many other countries with […]

Financial Independence

Want To Get Rich? Then Grow Your Pension!

If you are truly focused on becoming wealthy, the best way to go about it is to look at what others have done to get there and follow their strategy. In the case of UK’s wealthiest people, it seems that building up their pension […]

highly paid professionals
Careers

The Curse Of A Highly Paid Professional

What do investment bankers, consultant physicians, management consultants, technology professionals and corporate executives have in common? If you believe the popular perception, the people in this category enjoy fabulous lives.  They have high profile, rewarding and well remunerated jobs.  As a result, they build […]

play the power game
Careers

The Real Path To Wealth And Power

What is the fastest way to become wealthier?  Saving, investing, starting a side business or getting a great education are all things that will set you on the path to financial independence.  These are also things that take years and sometimes even decades to […]

Financial Independence

When Paying Off Your Mortgage Is a Bad Idea

I never cease to be amazed at how much misinformation and bad advice exists out there when it comes to building wealth.  Sometimes the bad advice is given in good spirit and with the best intentions.  In other situations, people are trying to capitalize […]

Financial Independence

Compare Yourself To Others To Build Wealth Faster

Life, liberty and the pursuit of happiness are the three unalienable rights in the US Declaration of Independence.   These are replicated in various forms in the constitutional documents of many other countries, at least those that have regard to the quality of life of […]

Financial Independence

The Number 1 Rule For Making Money In Real Estate

What always suprises me about propety investments is how many people put significant chunks of their net worth into real estate without having a fundamental understanding of real estate investing.  Sure, you can sometimes get lucky and make money.  After all, many people got […]

Financial Independence

How To Optimize Your Dividend Reinvestments

After real estate, consistent investment into the stock market over a long period of time is the second best way to build wealth.  My target portfolio allocation to stocks is about 45%.  I keep the other 45% in real estate and 10% in cash […]

build wealth with credit cards
Credit Cards

How To Use Credit Cards To Build Wealth

Credit card use (or abuse) is one of the most contentious topics in the FIRE community.  Some people – usually in the “I will skimp and save my way to FIRE” category – swear you should avoid them.  Others might be more ambivalent.  Fundamentally, […]