Huh, my second of 3 day training is starting now. Funny enough, they got a programme called ' Never work again' that it is available for only £4945. Yes they got quality informations, but i could read some blogs that got at least same if not better quality. For free.
I will come back with a later post about what i agree and do not agree in their financial freedom training.
What i want to say, we often have access to some invaluable advice through our blogs-network. Value it!
See you soon.
G.
Saturday, 31 October 2015
Thursday, 29 October 2015
Trick or treat?
In the spirit of Halloween, i would tell you about my experiment. The trick is that if you always pay with real money, not with 'virtual' ones using the card, you are much less likely to waste it. The treat is like 600 pounds extra in my account this month, after i did this for the last 30 days.
You can try it!
You can try it!
Wednesday, 28 October 2015
Hints and bits and random data
* Side hustle for children (and not only): this one is very easy, that even one 11 year old can do it. Ideal if you have clever kids? Check the link here. Selling cryptografically secure passwords.
** They just developed something interesting at Oxford, a language understanding intelligent service that can even use SIRI or Cortana. I think this can result in a (r)evolution in phone AI in the future. Language Understanding Intelligent Service (LUIS) offers a fast and effective way of adding language understanding to applications. With LUIS, you can use pre-existing, world-class, pre-built models whenever they suit your purposes -and when you need specialized models, LUIS guides you through the process of quickly building them.
What this language can do, you will probably ask?Here is the list:
-Create language understanding models
-Create models for your application to better understand intents like "turn on the lights", or entities such as "start a new jog/walk/hike/bikeride". Tune your model with in-depth performance visualizations.
-Use pre-built, world-class models from Bing and Cortana
-Use the pre-built, world-class models to recognize entities like places, times, numbers, temperatures, and to also handle common requests like "set an alarm for 8 AM". Immediately enable personal assistant functionalities by using a selection of Cortana understanding models.
-Deploy your models to an HTTP endpoint
-Deploy models to an HTTP endpoint with one click. LUIS returns easy-to-use JSON.
-Activate models on any device
-Activate your language understanding models from your application on your phone, tablet, or any other device that has access to the Internet.
-Maintain models with ease
-Review commands spoken to your application to spot and correct errors. LUIS automatically suggests the most important commands to label.
If you buy shares, not only mutual funds, the future seems to be bright in the phone app sector. But i will let you to look for the companies that will use this technologies soon (hint: Apple is one of them)
*** Meanwhile i will tell you what i noticed in the world economic news and market most recent changes. Eli Lilly ex chief Sidney Taurel will become Pearson's new chairman. That is a good news, as S.Taurel can provide strong ties with U.S market, being one of the most knowledgeable experts at the moment. Aberdeen Asset Management is having the third consecutive year of negative new flow on both income and equities, What a shame coming from what was once Europe largest listed fund (in 2013). Philips is on his way to get rid of his lighting business, trying to sell his major stake in the company Lumileds. I think Hitachi should take lessons from them, having now 9 business divisions, with the possibility of providing major profit returns if the will just close the two divisions with the biggest loss. But who am i to tell them what to do. Apple is to announce his profit soon, with the experts predicting a low performance next spring, first time in years. What to do? Maybe an aggressive campaign is not the answer, but this is a far away future at the moment.
**** London financial independence real estate tip. I've seen some very good prices for studio and 1 bedroom flat in Hounslow, around 199.000. Given that i found on internet that the average rent for one of this is 1818/month, meaning 21816/year, that's a whooping 10.96% ROI, sound good to me. You should easily get that rent with some money invested to give a luxury make-up appearance to your flat.
That's it for today, enjoy the rest of the week, see you soon.
G.
Tuesday, 27 October 2015
The 30% rule, the rule of 25, the rule of 20/80, the 4% rule and many others.
Today we gonna play with numbers. There are a lot of arbitrarily set rules, but right know i will talk only about the ones that are essential for financial independence.
The 4% withdrawal rule: It's a rule of thumb used to determine the amount of funds to withdraw from a retirement account each year.
The rule of multiply by 25: This rule estimates how much money you'll need in retirement by multiplying your desired annual income by 25.
The rule of 30% : State that you should pay no more than 30% of your monthly income for your rent.
The rules of house end price: This area is a bit murky, but the experts agree that mortgage should be no more than 28-36% of your monthly income, i think we can safely apply the rule of 30% here too, and, here it comes, the house price should be no more than 2.5 x annual income. Where i can find a 45 thousands pounds flat, God only know!
Oh, and i leave it for last, the rule of 20/80. This rule state that we get 80% of our happiness and satisfaction from a mere 20% of our daily activities. Do them first, i'd say!
The 4% withdrawal rule: It's a rule of thumb used to determine the amount of funds to withdraw from a retirement account each year.
The rule of multiply by 25: This rule estimates how much money you'll need in retirement by multiplying your desired annual income by 25.
The rule of 30% : State that you should pay no more than 30% of your monthly income for your rent.
The rules of house end price: This area is a bit murky, but the experts agree that mortgage should be no more than 28-36% of your monthly income, i think we can safely apply the rule of 30% here too, and, here it comes, the house price should be no more than 2.5 x annual income. Where i can find a 45 thousands pounds flat, God only know!
Oh, and i leave it for last, the rule of 20/80. This rule state that we get 80% of our happiness and satisfaction from a mere 20% of our daily activities. Do them first, i'd say!
Thursday, 22 October 2015
My two cents about financial advice
Sometimes you ask yourself if you can do it or you really need professional help? I was lucky enough to study economy for many years, but not all are so fortunate. Of course, every skill can be learned. The problem is that a lot of the people i know lack basic financial education. And they need some advice. Here is the trick. Everybody got an opinion. My uncle Paul try to give me advice all the time, yet he is barely end his meets every month. My postman told me he know a lot about investing. Everyone know. But not every one apply. As Cicero said "Advice is judged by results, not by intentions. If we listen to some others much more clever than us, here are the financial advisers not to be trusted on the long term.
1. People who lack necessary qualification and proven results.
2. Someone who build his wealth in another business or real estate, because stock investment is something different.
3. Authors and writers, because they are better at writing, not investing.
4. Academics, because they have some interesting theories, but their experience lack the practice , and real life is reacting in a surprising way sometimes.
5. Someone who is selling investment products, because the inherent conflict of interest that biases the advice you receive (true for most stock brokers and financial planners).
6. A person who made his wealth through marketing investment advice instead of actually investing
The best recommendation is given to you by proven actual results, and often you can see the FIRE in their eyes. I hope this helped you now, as it would helped me 10-20 years ago, when i did so many mistakes. The trick is to always check who are the best in the field, and to learn from them. Aim for the stars. If your adviser will tell you how can you lose your money first, before you find how you gain more, then he/she is a good one. If is telling you about the risk management and preserving capital, personalized to your needs, you already feel like winning the lottery.
Questions to ask first, before you ask someone to help:
1: Is the adviser already successfully doing exactly what he is advising you to do?
2: Is the adviser still “walking the talk”, or is he just “marketing the talk?”
3: Will the adviser provide documented proof that his advice works?
4: What is the adviser background, education, training, skills, and experience?
5: Has the advice been tested and proven successful through multiple market cycles?
6: Does the advice provide a balanced viewpoint with both positive and negative attributes or is it a one-sided sales job?
7: Does the advice over-simplify the inherently complex nature of investing in an effort to make the sale?
8:Is the advice personalized to your needs or is it generic?
9: Is the advice a complete investment process or a half-truth?
10: Does the advice focus primarily on risk management and capital preservation?
11: How is the adviser compensated? What are his conflicts of interest?
12: Is the advice based strictly on facts or does it include meaningless opinions?
1. People who lack necessary qualification and proven results.
2. Someone who build his wealth in another business or real estate, because stock investment is something different.
3. Authors and writers, because they are better at writing, not investing.
4. Academics, because they have some interesting theories, but their experience lack the practice , and real life is reacting in a surprising way sometimes.
5. Someone who is selling investment products, because the inherent conflict of interest that biases the advice you receive (true for most stock brokers and financial planners).
6. A person who made his wealth through marketing investment advice instead of actually investing
The best recommendation is given to you by proven actual results, and often you can see the FIRE in their eyes. I hope this helped you now, as it would helped me 10-20 years ago, when i did so many mistakes. The trick is to always check who are the best in the field, and to learn from them. Aim for the stars. If your adviser will tell you how can you lose your money first, before you find how you gain more, then he/she is a good one. If is telling you about the risk management and preserving capital, personalized to your needs, you already feel like winning the lottery.
Questions to ask first, before you ask someone to help:
1: Is the adviser already successfully doing exactly what he is advising you to do?
2: Is the adviser still “walking the talk”, or is he just “marketing the talk?”
3: Will the adviser provide documented proof that his advice works?
4: What is the adviser background, education, training, skills, and experience?
5: Has the advice been tested and proven successful through multiple market cycles?
6: Does the advice provide a balanced viewpoint with both positive and negative attributes or is it a one-sided sales job?
7: Does the advice over-simplify the inherently complex nature of investing in an effort to make the sale?
8:Is the advice personalized to your needs or is it generic?
9: Is the advice a complete investment process or a half-truth?
10: Does the advice focus primarily on risk management and capital preservation?
11: How is the adviser compensated? What are his conflicts of interest?
12: Is the advice based strictly on facts or does it include meaningless opinions?
FIRE-getting physical
It is normal for everyone to want to enjoy his hard earned newly achieved financial independence for as long as possible. In order to do that, we need to do more than have the money. As many of us will start to live the life after the age of 30, or even 40, we will need to take care of our health, physically, emotionally, mentally, and to exercise minimally to stay in shape.
My resolution:
1. I will try to go to sleep at 22:00 and wake up around 6:00.
2. I will try to cook and eat healthy, avoiding to much salt and sugar.
3. Running sessions 2-3 every week, at least, and freeletics exercises, at least twice a week.
That is is for the moment.
See you around!
G.
My resolution:
1. I will try to go to sleep at 22:00 and wake up around 6:00.
2. I will try to cook and eat healthy, avoiding to much salt and sugar.
3. Running sessions 2-3 every week, at least, and freeletics exercises, at least twice a week.
That is is for the moment.
See you around!
G.
Tuesday, 20 October 2015
Quote of the day
“The stock market should not be viewed as a way of making money. Working is how money is made—saving and investing is how it’s kept.” —E.J. Smith
Is that true? Or is just a reminder of another time, and another world? Who will agree with what is said here? Personally i think that the previous quote is not one of actuality , and this wise man used to have the pattern of thinking that we need to work for 30-40 years and then retire, when we are old and we cannot work anymore. So much changed, so much dissipated to make place for the newcomers. I like all this trend of FIRE (financial independence/retire early) and i hope that our number will grow, and more and more will start their search of a happy independent life.
Me, for this year i will just try to pay my last credit card, and reach 6k new wealth. And run 5k. If we are to speak in thousands. Only 3 months left, such eventful months for me. And my side hustle at the moment: work overtime. Not too clever, but effective.
Felling hopeful, isn't it?
See you soon.
G.
Is that true? Or is just a reminder of another time, and another world? Who will agree with what is said here? Personally i think that the previous quote is not one of actuality , and this wise man used to have the pattern of thinking that we need to work for 30-40 years and then retire, when we are old and we cannot work anymore. So much changed, so much dissipated to make place for the newcomers. I like all this trend of FIRE (financial independence/retire early) and i hope that our number will grow, and more and more will start their search of a happy independent life.
Me, for this year i will just try to pay my last credit card, and reach 6k new wealth. And run 5k. If we are to speak in thousands. Only 3 months left, such eventful months for me. And my side hustle at the moment: work overtime. Not too clever, but effective.
Felling hopeful, isn't it?
See you soon.
G.
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