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The Monte Carlo Fallacy

Also known as the gambler’s fallacy, the Monte Carlo fallacy is the mistaken belief that past events can influence future outcomes in situations where the events are actually independent. This fallacy, or cognitive bias, originates from the world of gambling, where players may erroneously believe that a streak of losses makes a win more likely or vice versa. In reality, each spin of the roulette wheel or roll of the dice is an independent event, unaffected […]

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Is your money working for you?

Either you put your money to work for you, or you will always have to work for your money. Understanding and acting on this concept can be the difference between perpetual financial strain and achieving lasting financial freedom. At its core, putting your money to work means investing in avenues that generate passive income—earnings you receive without actively working for them daily. This could mean investing in stocks, bonds, real estate, or even starting or investing […]

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It ain’t gonna be easy

The road toward financial independence and a meaningful life is seldom straight or smooth. It’s a path fraught with challenges, requiring not just financial acumen but also a steadfast commitment to your long-term goals. The words, “I’m not telling you it’s going to be easy. I’m telling you it’s going to be worth it,” resonate deeply in this context, offering both a sobering reminder and a hopeful promise. It ain’t gonna be easy. Embarking on this […]

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Equipping kids with financial literacy skills

Parents have the profound responsibility and privilege of shaping their children’s relationship with money. In a world where financial literacy is often lacking, equipping our kids with the knowledge and skills to navigate their financial lives with confidence and wisdom is one of the greatest gifts we can give them. By starting early and making financial education a consistent part of family life, we set our children up for long-term well-being and success. Teaching kids about […]

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Being kind to the inner critic

Sometimes, we can be hardest on ourselves (and others) when working with money! This could be because we’ve been taught to think that our success is largely determined and defined by numbers, investment strategies, and external factors that impact our financial well-being. However, true financial success is most often rooted in our internal world—our thoughts, beliefs, and the narratives we tell ourselves. So – it’s a much bigger picture. As we begin to explore this bigger […]

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Is all debt bad?

Debt, in its many forms, can often feel like a heavy chain that restricts financial freedom. Whether it’s the revolving cycles of credit card balances, the long-term commitment of a mortgage, or the daunting totals of student loans, each type of debt comes with its unique challenges and strategies for management. Debt is often a “necessary evil” in today’s world. So, whilst many will not be able to avoid it, it’s helpful for us to create […]

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Retirement needs to be revisited

70 is the new 60! We live in an era where longevity is increasing, and living costs are surging; the traditional concept of retiring at 65 is undergoing a significant transformation. It’s becoming evident that the golden years of retirement, once anticipated as a time of leisure following a fixed endpoint in one’s career, no longer aligns with the financial and personal realities many face today. Traditionally, retirement has been sold as the ultimate reward after […]

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Crafting a life rich with purpose

It’s clear that we need to rethink, revisit, and recalibrate the way in which we prepare for retirement—not only financially, but socially and emotionally as well. One of the best ways to effectively plan for the future is to start as early as possible. For some, this means laying the groundwork early in life, taking advantage of every opportunity to secure a stable and fulfilling retirement. However, not everyone has the opportunity to consider their whole-of-life […]

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The essential interplay of love and money

Love and money—two forces that drive our lives in profoundly different ways. While one fills our hearts, the other fuels our ambitions. But what happens when these worlds collide? Integrating love into our financial decisions doesn’t just add a layer of complexity; it transforms money management into a shared journey of goals, dreams, and sometimes, necessary compromises. This integration can bring about a sense of joy and fulfilment, inspiring us to make more meaningful financial choices. […]

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How will your assets be distributed?

Estate planning is a vital process that involves preparing for the transfer of a person’s assets and responsibilities after their death. While the fundamental principles of estate planning are widely recognised, the specific laws and practices can vary significantly between different countries and cultures.  This makes it crucial for us to not only understand the universal components of an estate plan but also to seek local legal advice to align our plans with the specific legal […]

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