A man called Sam

Once there was a maxresdefaultman called Sam. Sam has done well, he had carefully saved 40 cents of every dollar he had earned. He married well, had a lovely family and his colleagues were always grateful to have him in the office.

One day Sam turned 45 and started to think about retiring. Because of his excellent savings habit Sam was ready to enjoy some of his big stack of money build up in his retirement account. He drove himself to work, made a hot cup of coffee and sat down to log into his financial provider. OH NO – WHERE HAD HIS MONEY GONE. He has expecting $500,000 but there was only $420,000 in his account. had there been a stock market crash? Had he been robbed?

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Rule 2: Have a long term plan

In this series I’ve written up the rules I follow for a life free of money stress. It’s really easy!!

To live happily you need to have your finances sorted takes and little bit of thought, some good habits and a touch of self control. All you need to do is make sure you live within your means while also having long term goals that you are working towards. Then make sure you are organising the money that comes in and tracking your spending, and doing this all simply.

See here for the whole series of posts

Our story

unspecifiedWhen I was 21 I sat down and developed a long term plan for our money. I had seen my father stop working at age 52 due to health issues and I realized that we needed to be financially secure so that work was optional in our middle years. I developed a plan that would allow us to replace one of our salaries with investment income. Once we both agreed on it we started to put it into effect. That plan was real estate based and over the next six years we built up a portfolio of five rental properties.

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Rule 1: Live within your means

In this series I’ve written up the rules I follow for a life free of money stress. It’s really easy!!

To live happily you need to have your finances sorted takes and little bit of thought, some good habits and a touch of self control. All you need to do is make sure you live within your means while also having long term goals that you are working towards. Then make sure you are organising the money that comes in and tracking your spending, and doing this all simply.

See here for the whole series of posts

 How we live within our means?

Its ristock-492939830eally simple – we never spend money we don’t have in cash. If your income always exceeds your expenses then you will be happy. Sadly its really easy these days to borrow money and use this to buy consumables. When you start to borrow to cover your cost of everyday living, then the debt grows and payments start to steal your income, so you borrow more. Soon a few years have gone by and you have nothing long lasting to show for your hard
work and effort.

There are three easy tricks for living within your means; Continue reading