With mortgages continuing to be out of reach for many first time buyers, and the UK rental market continuing to grow, there’s never been a better time to become a landlord. Below we share with you some of the key things you need to consider before creating your own property empire. Location,… Read more
Viewing category: Financial Independence
Taking a holiday while in debt
There has been a lot of talk lately around the PF-sphere, about what people should and shouldn’t do while in debt. In the first camp, the debt-free extremists argue that you should stop living until you have paid off all consumer debt, and send every bit of extra cash towards your debt snowball. On… Read more
Buy my method, not my lifestyle
I have been selling you sun, exoticism, cheap living, travel… for the past few months, and many of you are saying ”oh my god! You are living the dream!” and other super kind comments that make my day, and remind me how grateful I am to be living this kind of life. But let’s be… Read more
Financial goals update, January-February 2013
On January 1st, I set a number of financial goals, and will update every couple of months through the year. Here is the first review. two months have gone already! The main financial goal was to grow my net worth by 30%. With the purchase of a car, a boat, over $12K of works on the… Read more
Planning for financial success
During the past five years I have learned a very valuable lesson in regards to money, financial success won’t happen unless you plan for it. Much like living beneath your means and saving for the future, it is important to plan out your goals so that you know exactly what it is that you want… Read more
Try change! It is good!
Why are people so reluctant to change their habits? ”It’s what we do”, ”it works for us”, ”we are just fine that way”. Really?? You spend $200 more on electricity than you really should because you can’t be bothered to check a comparison site and then complain that you are broke? You stop for a… Read more
Little house in Guatemala, week 16-17
This week marks my fourth month here in Guatemala. Since I was bitten by the travel bug back in 2003, I haven’t spent a lot of four months periods in a same country. There was a round the world trip until 2004, then I lived in Guatemala 2004-2006 but was always exploring the… Read more
Creating a website as an extra source of income.
A few days ago, I looked at Forex as a way to create additional income, and like you may have guessed by now, with my cattle, coconuts or land investments I am more into non traditional sources of income than the usual stock and shares funds. Today I want to look at website creation. I… Read more
Buying a house cash: being truly at home
Last year I visited a friend in the US, and he had just bought a house for his family. ”Congratulations on buying a house!” I said. He pointed out to a small closet and replied “oh, that closet is ours, the rest belongs to the bank”. Like the majority of households those days, they would… Read more
Budgeting: the no budget approach
As I have confessed recently, I am not a big fan of budgets. They don’t work for me. I lack discipline, consistence, and get overwhelmed by so many categories and numbers. Nonetheless, I need to keep my finances on track, maintain a healthy level of savings and make sure all bills are covered. So here… Read more
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