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Tag: Financial Independence

Welcome to 2019!

Welcome to 2019!

  Happy 2019 everyone! With a new year comes new challenges and opportunities!  What are your financial goals for 2019?  Have you taken some time to think about them?  Will you focus on paying down debt, increase your investment contributions and diversify more, learn more about diversification, stop yourself from always trying to keep up with the Jones’s, or something else? If you’re not too sure where to start, here are a few good blogs to follow in 2019 (apart…

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THE HAMSTER DIGEST 2018-11-11

THE HAMSTER DIGEST 2018-11-11

Here’s a digest of some of my favourite financial independence or personal finance related blog posts that I came across over the past week or so: Home Loan Gymnastics – How Bendy Is Your Bank? http://www.stealthywealth.co.za/2018/11/home-loan-gymnastics-how-bendy-is-your.html Stealthy Wealth wrote an interesting post about the major banks in South Africa’s eagerness (or lack thereof) to reduce one’s bond interest rate if you ask them nicely.  Very informative read!   How I Hacked The Happiness Curve https://retireby40.org/how-i-hacked-the-happiness-curve/ Joe shares how he hacked the…

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The Hamster Digest 2018-09-16

The Hamster Digest 2018-09-16

Here’s a digest of some of my favourite financial independence or personal finance related blog posts that I came across over the past week or so: Where’s your money? http://www.stealthywealth.co.za/2018/09/wheres-your-money.html Stealthy Wealth wrote a really nice post about diversification and took a closer look at his own portfolio’s level of diversification and where exactly his portfolio is invested in.  Kinda ties in well with the post I wrote a while ago about diversification:  The DIY investor’s guide to diversification The often…

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Beware of Myopic Loss Aversion

Beware of Myopic Loss Aversion

I just finished “The Little Book of Behavioral Investing” by James Montier.  It is an amazing book with lots of great information.  Highly recommended!  One concept he touched on in the book is termed “Myopic Loss Aversion” which immediately caught my attention, so I want to delve into it a little in this post.   When it comes to investing, perfectly rational people sometimes make very irrational investment decisions, caused by numerous biases, but the most common of all is…

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What are you willing to suffer for?

What are you willing to suffer for?

We hear this question a lot:  “What do you want out of life?” Most people answer with something like: “I want to be happy”, “I want to be rich”, “I want a great career”, “I want to be famous”, “I want to be successful”, “I want to be a great pianist” and so on. The problem is that this is the wrong question to ask. Rather, we should be asking the question: “What are you willing to suffer for?” At…

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So where do I start? Do I need a plan?

So where do I start? Do I need a plan?

To get the ball rolling, one needs to have a plan.  You need to figure out what basic rules or changes you need to put in place to start your journey to financial independence (FI). First, let me explain what I mean when I say “financial independence“, or FI for short.  I don’t want to be rich, I don’t want to live in a big fancy house and drive a big fancy car.  What I’m really after is time.  Available…

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Hello world! So what’s this blog really about?

Hello world! So what’s this blog really about?

Hey there!  I’ve been pondering the following issue for a few years now: When  I first started my working career (about 20 years ago), I tried to do the responsible thing and immediately get a financial advisor to get me covered in terms of my retirement savings.  Clever hey?  Not so, I came to find out. You see, whenever you speak to your normal friendly neighbourhood financial advisor, they’ll get you to commit to a few things: Get yourself stuck…

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