Where was this reminder when I needed it today 😂... Hope this comes in handy guys. We have been eating out a bit lately, so time to work on that. Currently writing out our meals for the fortnight!
2 days ago
This is so true, let me know your thoughts in the comments below 👇
Please also follow the @themoney.tip 🙏
3 days ago
You don’t need to be Robert F. Smith to give back and be generous. Here are 5 small things you can do to make a big difference even “before” you become a billionaire. Notice I said before because I’m claiming it for you!!! .
One of the most important steps in becoming wealthy is giving back. It creates a feeling of gratitude, compassion, humanity and a sense of appreciation when we give to people. There is nothing greater to center our focus in this world than beginning to understand just how much we have to be grateful for.
I do at least one good act every week to ensure I never lose touch of reality or the fact that I was once that other person. WHAT ABOUT YOU? WHAT ARE SOME THINGS YOU DO TO GIVE BACK?
4 days ago
Habits. Habits. Habits. One of the toughest things to change but the most rewarding! .
If you could change one spending habit, what would it be?
Ignoring the car payment part of it, this is all 100% true for me. My home is my safe space and you'll never catch me complaining about paying the heating bill, the electric, etc. To me, that all just means stability.
2 days ago
Some of you know that I recently got diagnosed with some health issues and as a result, we will have some costs which won't be covered by medicare or our private health insurance. We are fine with that, but last week I was advised of a pre-surgery fee that I'd need to pay in order to be looked after post surgery.
Since I am opting to go through a private hospital and have the choice of my own Specialist - our private health insurance will only cover the in hospital costs (that's about 22k, so still happy with that). The reason I don't want to go public is because I don't want to go on a waiting list and I want the privacy and comfort of my own room.
The $4900 pre-surgery fee will cover a mirage of things post surgery including all my follow up specialist appointments with my surgeon, an oncologist, a dietician and a physiotherapist, all over a period of 18 months.
This means that for the next two pays, saving for our emergency fund and paying down extra on our remaining debts is on hold and our debt free journey is likely to be pushed back (maybe not, we will see). I will be putting away $2450 in the next two fortnightly pays, giving me the $4900 total I need to pay 2 weeks before surgery.
At first, I was annoyed and upset. Another cost, another surprise, another delay, but you know what? This is a surprise I have the capacity to completely cashflow. I can pay for this without going into debt or losing all our existing savings and more importantly, it is for my health! Not only are we in a position to be able to afford this cost, but we also have the benefit of private health insurance on top of our amazing government supported medical system. I'm also grateful for a job that pays me well enough to allow me to manage this.
It's all about perspective. I can get shitty about a situation, or I can realise how lucky I am and move on. And moving on is what I'm doing.
1 day ago
All storms pass. Don’t give up! Every storm you encounter will eventually end, and when it does, you will be stronger and wiser than when it began. 🍃
One of the worst decisions a long-term investor can make is trying to time the market.
Warren Buffett says it best when he states that in order to time the market you actually have to time it correctly twice.
First, you have to correctly guess when you are at the top of the market.
Then, you have to know when the market has hit the bottom so you can buy back in.
In @tonyrobbins book, Unshakeable, he explains that over a 20 year period (from 1996-2015) if you miss the top 10 trading days your rate of return would drop to 4.5% over that time in an S and P 500 index fund.
If you missed the top 30 trading days your return would have been 0%. It is easy to say that it wouldn’t be you who would miss out on those days, but if you get scared and sell while the market is dropping, there is a very high probability of missing when it comes back up.
Play the long game, stay in the market, and if you get nervous as the stock market drops... just buy more stock at a “discounted price”. Have a bada$$ budgeting day.
David - The Budget Teacher
1 day ago
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I watched a video by an ‘expert’ credit repair guy! He said have a plan once you get a high score! I don’t know what I would do. I know I want a Tesla now and not a Volvo now that I’m working on my credit. Decisions decisions