Fearless Retirement: How to Retire Without Financial Worry

So generally this money is to be used to help provide an income once you’re no longer working. But it could be for any other financial goal that’s quite far out in the future. For instance, some consider a child’s education as a long-term goal worth saving for. This area is important for the simple fact that, if you don’t put aside some money for t

Some rules of thumb attempt to gauge how much fixed income we should have, based on our age. One such rule states that the percentage of fixed income in our portfolio should equal our age.

In the Income/Expense Hierarchy, expenses corresponded to levels of needs in Maslow’s model. With the exception of the “estate/legacy expense”, it also resembled my Four Planning Cornerstone approach. Unlike my approach, though, the Income/Expense Hierarchy regarded expenses from a motivational or psychological perspective. I’d found the human pers

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This could be considered as anything you may want to do or have to pay for in the next 3-5 years. For some this is making sure there’s money set aside for a major vacation, not the regular annual ones. For others, this is the place to park some money for the regular purchase of a new vehicle, assuming you don’t finance or lease it. When it comes to

The short answer is human behaviour. As humans, we let emotion rather than logic drive our decisions. The emotions of fear and greed drive our decisions of when to get in and when to get out of the market.

Quite simply, they want to buy when they feel good about buying or when they feel safe. And they want to sell when they don’t feel good or safe anymore. Unfortunately, this is often contrary to the principle of buy low, sell high. When markets are low, people don’t feel safe. When markets are high, they do. So they end up buying at the top, when th

If you’re drawing income from your long-term assets, you might set aside enough mid-term money to cover one to two years of income payments. When the next market correction comes, you’ll have enough income to keep you going for one to two years, and you won’t have to worry when the markets don’t bounce right back.

whenever times got tough…….. “Illegitimi non carborundum”