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Tag: Liabilities

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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The Diderot Effect

The Diderot Effect

Time for a quick history lesson, with a good little life lesson (who said we never learn from history?) The 18th century French writer named Denis Diderot once received a lovely gift: a beautiful scarlet dressing gown.  He immediately threw his old gown away. He wouldn’t wear it ever again he thought, so why keep it? Of course, he needed to make a few extra purchases to accommodate his new gown.  If one of his books was covered with dust, he’d…

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Opportunity cost, what is it and why should I care?

Opportunity cost, what is it and why should I care?

Over this past Easter weekend we as a family went on a 4×4 eco-trip through the Kruger National Park.  It was an amazing experience! What wasn’t so amazing was the fact that, the night before entering the park while we stayed over at a guest house, my wife wanted to cool her feet off in the guest house swimming pool, but slipped and in the process dropped her iPhone in the water. Swimming Pool : 1  iPhone : 0 After…

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Some cool financial concepts to ponder

Some cool financial concepts to ponder

Over the next few blog posts I’ll be sharing a couple of cool financial concepts, principles, rules and guidelines I came across during my research.  And as we dig deeper – on our journey to financial independence (fi) – more detailed concepts will be discussed. But a good start is Kristia van Heerden’s ( as discussed over at https://justonelap.com/podcast-five-concepts-will-make-rich/ ) 5 fundamental concepts that will make you rich.  Understanding these concepts at a fundamental level will really make you see how the…

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