Recently our plans for FIRE took a slight turn for the worse. It’s a reminder that paper profits can flatter your balance sheet but when the SHTF it’s all smoke and mirrors. The importance of liquidity is hard to ignore.
Anything which has a value which depends on the whims of individual buyers is a risk. Think fine wines, classic cars, private shares, property, antiques, stamps.
You could have just invested in a FIRE extinguisher!
January 31st is the deadline for submitting your tax return online to the HMRC. Depending on your circumstances you may want to submit as early as you can (to collect a rebate) or delay as long as possible (to postpone paying). For me it’s a matter of good housekeeping to have a final review before the window shuts* Continue reading “Tax return completed”
Everyone knows that a big house is the sign that you are a success in life and if you don’t have one by the time you hit 30, you are a loser!
Property is the best asset class and the ladder to the riches you deserve.
Millennials take note, it has never been easier to buy a property – and if you don’t, then you will remain renter scum forever!
Here are six tips to get you the housing ladder of riches.
I read this article on the BBC which is all about the how spending money you don’t own is a recipe for disaster or to put it another way “Overdraft woes: ‘We were one bill away from disaster'”. Since the general consensus in the UK is that you are not responsible for your own financial decisions, the nasty banks are making money out of hard working
debt slaves families.
GFF sees this as a symptom of a much greater problem and one that deserves a bit of discussion
I’ve just uncovered a mistake in my Expenses Spreadsheet. It tracks all of my Income, Outgoings, Assets, Liabilities and Transfers. I’ve been keeping it in some form for 17 years and if I spent as much time as I have working on it, learning the piano, I’d be a maestro! Continue reading “The Dangers of Double Counting”
One thing that the Gentleman loves and always has is a good graph!
If a picture says a thousand words, then a graph says a thousand data points! A good graph can summarise a lot of thought and allow you to understand something that is truly complex with just a few lines. Continue reading “Graphs I like: Income vs. Outgoings”
This week has seen some pretty volatile movements in the stock markets. I’ve not been paying much attention to the news but I’m sure it’s a combination of US sanctions, problems in the Middle East, blood letting FAANGs and new next financial crisis beginning. It almost makes you take you eye off the Brexit shenanigans!Continue reading “Stocks and Shares – more like Shocks and Scares?”
Where has the year gone??? It’s almost bloody Christmas and there’s nothing but Christmas tunes in the shops – I’ve not seen the sun in week and it’s getting very very cold!!!
Well, at the end of the month it’s time to set some time aside and go over the Gentleman’s Family Finances and this November has been quite good, and after October it’s a welcome relief!
Continue reading “Month End: November ’18 – assets and spending”
This is a post about one place where I put my money – Abundance Investment – it’s a good combination of renewable energy projects which means investing in a more ethical manner, good returns on your investment and a hedge away from the ups and downs of the equity markets. As Abundance put it “That’s people who want to invest for a rainy day, and would like to build a better world at the same time.” Continue reading “Places I hide my money: Abundance Investment”