Author: Tom

Net Worth Update - Money Tree 2

Net Worth Update – June 2018

Half of 2018 down and it is net worth checkup time again. If you are not familiar with net worth, the idea is to calculate how much your possessions are worth if you had to consolidate everything at current value right now. To calculate it, you take everything you own, work out how much it is worth, and add it up. You then subtract from that number anything you owe people (like home loan, car loan etc). That gives you a final number called your net worth. The last 6 months were not quite as good as I had hoped, but...

Warren Buffett Quotes #53 0

Warren Buffett Quotes #53

Just a very quick one today, and I thought I would actually try out one of the “aside” post options to see how it works. Recently Market Index sent out their monthly (I think) email, and it contained a link to 10 quotes from the 53rd Berkshire Hathaway annual meeting. There were two I wanted to explore a little further: On cryptocurrencies: “When you buy Bitcoin, you are just hoping that the next guy will pay more; it will not produce profit itself. That is not investing, that is a kind of game … Anytime you’re buying a non-productive asset, you...

Money Tips - Tip Jar (#MoneyTips) 0

Money Tips 51 to 60 Explained

Money Tips 51 to 60 Explained (#MoneyTips) Time for my sixth set of 10 money tips to gain an explanation, after all, it has been a little long while. I have posted my money tips to Twitter (using the hash tag #MoneyTips) and found that some of them were very hard to keep within that magic but annoying 140 character limit (can you tell I started this before twitter changed to 280?). So far, I have managed it, however sometimes a little of the meaning seems to get lost, and occasionally I wanted to add a little more explanation. This is...

Peer to Peer Lending 0

Peer to Peer Lending – Goals and Questions

Continuing on from my first post about Peer to Peer (P2P) Lending, I wanted to have a look at the three remaining retail P2P lenders. As I am still a retail client, the wholesale funds hold little interest to me at the moment. As a quick recap, the three remaining peer to peer lenders are: Wisr (previously DirectMoney) RateSetter OurMoneyMarket Before assessing the remaining three however, there are some key questions that need to be answered. Some of them can’t be answered, like “will I lose my money”, but I will try and see if some of the information they...

Peer to Peer Lending 0

Peer to Peer Lending – The Beginning

I have wanted to start my foray into Peer to Peer (P2P) Lending for almost a year now, and I have finally had time to get around to it. Just like most people, I am a fan of having a diversified and balanced investment portfolio based on my desired risk vs return objectives… That really sounds like a boring old man’s statement, I didn’t think I was that old yet. Given the current RBA cash rate is only 1.5% I have been looking to other investment options to increase returns. I already have quite a bit invested in a few...

New Year Goals for 2018 0

New Year Goals for 2018

Given my new year goals from last year came in February, it seems only fitting that this years come in March. Although that does make me think I should set a goal of having new year goals in January, but that seems a bit too meta for me. So on with the show! Goal 1: Increase Net Worth By $150k This year I am upping the anti. Each of the previous two years I have aimed for $100k and blown it out of the water by almost 30% and then almost 50%. So this year I am banking that previous...

New Year Goals for 2017 3

Final Tally – New Year Goals For 2017

I am glad I did not include punctuality as one of my new year goals for 2017, as January disappeared before I could set aside any time for this blog. But the time has come, and now it is time to look back on 20917 and see how our goals from 2017 went. Following that I need to release my 2018 goals out into the world. Hopefully that will once again help to hold me accountable, and speaking of accountable, lets see how I did in 2017: Score: a total of 3 out of 7 (or 43%) for my 2017 goals....

Net Worth Update - Money Tree 4

Net Worth Update – December 2017

The year 2017 is now (well and truly) over, and it is well past time for another net worth checkup. If you are not familiar with net worth, the idea is to calculate how much your possessions are worth if you had to consolidate everything at current value right now. To calculate it, you take everything you own, work out how much it is worth, and add it up. You then subtract from that number anything you owe people (like home loan, car loan etc). That gives you a final number called your net worth. The second half of 2017...

The Truth About Finances And Your Relationship - Couple Back To Back 3

The Truth About Finances and Your Relationship

I know it has been a little too long, but I have been working on some renovations to try to get my goals going. Who would have thought that time is finite! So inconvenient! Anyway, today I am back with a short post about telling the truth. There will come a time in most people’s lives where they will have the share their finances with another person. This can often stir up a wide range of emotions, and understandably so. Finances reveal a lot about who you are, what you like, your personality and much more. While it can be...

Net Worth Update - Money Tree 3

Net Worth Update – June 2017

The year 2017 is now over half way completed. So it is time for another net worth checkup. If you are not familiar with net worth, the idea is to calculate how much your possessions are worth if you had to consolidate everything at current value right now. To calculate it, you take everything you own, work out how much it is worth, and add it up. You then subtract from that number anything you owe people (like home loan, car loan etc). That gives you a final number called your net worth. It has been a very short first...