“Everything in moderation” is a saying that I grew up hearing all the time. I used to translate it as “Be dull. Be mediocre. Be restrained.”, which in the 1980s was not cool. The 80s were about big hair, big cars and big money. Big egos living in big houses and bigging it up at […]
WHAT IS ENOUGH? AN INTRODUCTION. Read More »
In Chapter 33 of the Tao Te Ching there is a line: “He who knows he has enough is rich.” The Tao Te Ching is a classical Chinese text – the foundational text of Toaism – and attributed to the sage Laozi (or Lau Tzu in its most familiar anglicised form). Thought to have been
HE WHO KNOWS HE HAS ENOUGH IS RICH Read More »
Remember, however big your dreams – you have to go through the smaller stuff. If you want a private jet then you have to go through – foot – bicycle – moped – car – bigger car – even bigger car – helicopter – shared jet – private jet. You can’t just go from zero
SPEED IS JUST STEPS ON A JOURNEY Read More »
Step One: Build something that generates money. Then walk away. You could sell it or you could put into place systems so that the thing you’ve built can continue to exist without your constant attention. Step Two: Repeat Step One. When you have enough, stop. So you ask, “What to build?” Something niche. Something small
HOW TO GET TO ENOUGH (PART 1) Read More »
When we are good at something the temptation is to keep doing it. Sometimes for way longer than necessary. For example, people that are good at making money tend to keep making money, even though they will never be able to spend everything they earn. This is a sad waste of life. Spending time doing
KNOWING WHEN YOU’VE PLAYED THE GAME FOR LONG ENOUGH Read More »
You can spend 10 or 20 years ‘climbing the corporate ladder’ or working at a career, only to realise when you get there that it’s not what you wanted. It’s not fulfilling. It’s not where you want to be. It’s not enough. What do you do then? Most people would react like a startled rabbit
CHANGE WHAT IS WRONG Read More »
Start small. There are no quick ways to do this. This is a journey. And it will take time. Be patient. Start by making a plan to increase income.
THE PATH TO ENOUGH – INTRODUCTION Read More »
Often the easiest way to increase income is actually to get rid of expenditure. Go through your bank and credit card statements and cancel those things that you don’t need or that are way too expensive or that have got out of control. How many TV subscriptions do you have? What do you actually watch?
THE PATH TO ENOUGH PART 1 – REDUCE EXPENDITURE Read More »
Whether you save money, make it or both, use any extra income to pay down debt first. Pay the highest interest debt first. Pay as much as you can. Service the other debt with minimum payments. Then, when the highest interest debt is paid off apply everything that you were paying to the next highest
THE PATH TO ENOUGH PART 2 – GET RID OF DEBT Read More »
Look at earning extra income by starting something small. Maybe a side hustle? Do you have a skill that you could teach, maybe? Do you have an idea to make and sell soap at farmer’s markets? Are you artistic? Are you so good at Pac-Man / Tetris / Mario / Zelda that people would pay
THE PATH TO ENOUGH PART 3 – MAKE EXTRA MONEY Read More »
Go out on a Sunday morning. Walk around your neighbourhood. Knock on doors. Offer to wash cars. It’s incredibly simple, and over time you should be able to build up a round of cars that you wash once a week on people’s drives. You do a great job (never try and do anything less) and
MAKE EXTRA MONEY – EXAMPLE 1 – WASHING CARS (SIMPLE) Read More »
Even the things that start off with “you” working, don’t have to always be “you” working. Let’s use the car washing round as an example: Once you get to 20 cars you’re going to need help. So you ask a friend to help. You pay them £4 a car (and charge £5 a car). It’s
MAKE EXTRA MONEY – EXAMPLE 1A – WASHING CARS (SCALE UP) Read More »
One way to get to where you want to be quicker is to have your money work for you. You work. You get money. Then you use any spare money to invest. Investing is a scary word. And investing can be risky. Especially if you don’t know what you are doing. Which is why the
THE PATH TO ENOUGH PART 4 – INVEST Read More »
Once you’ve got a bit of money behind you (and it doesn’t need to be a lot) it’s time to think about buying assets. Most people think of assets as being big scary things like real estate, stocks, bonds etc. Things that cost a lot. Things that are unfamiliar. Often things that are risky. So
THE PATH TO ENOUGH PART 5 – BUY ASSETS Read More »
A bicycle is a simple asset. From time to time people want to hire one. Especially if you live somewhere with great bike paths or popular off-road mountain bike routes. But not everyone wants to go to the expense of owning a bike. Or the hassle of taking their bike on holiday. So there is
MAKE EXTRA MONEY – EXAMPLE 2 – ASSETS – BIKE HIRE Read More »
