It's no longer sufficient to simply rely on the old-school path to retirement. We need to look at alternative retirement strategies. If you're wondering why I say this, then read on! The traditional retirement strategy I think that everyone knows…
Category: Financial Freedom
Financial freedom isn’t just about being rich. That’s one aspect but there’s so much more which simply relates to your mindset and outlook on life. Financial freedom is about having more options in life and less stress and worry about money.
Some strategies to follow to ensure financial freedom include:
Understanding the importance of cash flow and making sure that you not only survive month to month, but that you have excess at the end of the month.
Set up an emergency fund to help smooth things over when life throws curve balls at you.
Create a financial plan and keep track of your progress. You’re allowed to change it as life changes.
Make smart investments. Get a retirement savings in place, take out Unit Trusts or buy ETFs. Invest for the long run!
And finally, create passive income streams. These could be from rental properties, side-hustles or businesses that you start. It’s not easy creating a stable passive income stream but once you have it, wow, it makes a difference!
How to fix cash flow issues
If you find that you're struggling to survive form paycheck to paycheck, then you may have some cash flow troubles. Let's explore how to fix cash flow issues in 6 steps. They're not all easy, but they can absolutely be…
What is cash flow?
What is cash flow in relation to your personal finances? This is the first of two articles, the next being on how to fix cash flow issues. Take a listen to the Cape Talk Radio interview about this post on…
How a lesser paying job makes sense to me
This may seem like a strange blog post. Why on earth would a finance blogger even consider a lesser paying job, and let alone be pleased about it? Before you start thinking that I have lost my mind you better…
Retirement strategies to think about now
Being able to retire in a financially secure position is a feat that few people attain. Searching for statistics on the percentage of the population who are able to retire comfortably is a scary exercise. It is possible though and…
Small steps to fix your finances
Financial freedom may seem like such a hard thing to achieve, maybe even impossible. However, as the famous saying goes, the journey begins with a single step. So let's take a look at the small steps to fix your finances.…
Upskill and reach your finance goals
You can increase your income by increasing your career marketability, this could make you reach your personal finance goals quicker. Featured on Millennial Money Guide I’ve felt very content with my career over the past few years. I have a…
Pay days till retirement
How many pay days do you have left till retirement? As in, how many times will you still be paid a salary? Ever calculated this? Perhaps you plan to retire early which means you have even less pay days left.…
What is Financial Freedom?
Financial Freedom is a hot topic at the moment with every finance blogger tweeting about it daily. LOL. What is financial freedom though and what does it means in practical terms for us "ordinary" folk? This is my definition: Financial…
A new way to measure your wealth
Most people measure their wealth by looking at the value of their house and cars and other things they have. They see value and wealth in their "stuff". Of course, you can include the value of your pension fund and…
Set a short-term goal
Many people avoid setting financial goals as they feel inadequate or they feel that they cannot achieve things and thus shouldn't set themselves up for disappointment. What nonsense! Setting financial goals is so easy, and achieving them should be easy…
The start
As I strive for financial freedom I decided to start blogging to show others how to take charge of your money and understand your relationship with money.