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As I have mentioned in previous blog posts, we categorise personal wealth in the accumulation phase of life into three 'Wells'.
To recap,
- Well 1 refers to Liquid funds (<12 months)
- Well 2Ā is our Living, lifestyle, and leisure (2 to 5 years).
And lastly is Well 3 which is what I speak more ab...
To continue our conversation on the three Wells, today IĀ get intoĀ further detailĀ on Well 2.Ā
Well 2 is the Living, lifestyle, and leisure well. (2 to 5 years)
It is aĀ second well of money which can also be actively managed to cover upcoming living expenses, holidays and travel, car upgrades, home ...
Pension reliance
Iāve lost count of the number of pension scandals weāve seen in Britain over the years.
The repeated malfeasance left me inherently sceptical about relying on someone else to secure oneās retirement years.
If you donāt learn to make money for yourself, to paraphrase Taleb, then e...
The 4Fs revisited
Many of us are finding we must spend more time at home this year, for unforeseen reasons.
Itās a great opportunity, therefore, to revisit our 4Fs model.
Our general belief is that you need each of the 4Fs to be in balance.
To recap, the 4Fs are: Fun, Fitness, Finance, and Filos...
The 4Fs: philosophy
Today, the fourth and final āFā in our 4Fs frameworkā¦philosophy!
Remember, our framework is about finding a healthy balance between these four different areas of your life:
I once heard the great Jim Rohn say that your personal philosophy effectively sets the sailā¦and how tr...
