At the end of the first year of your bike rental business you’ve got back your initial £3,000 investment. YEAR 2 You could simply pocket that money, or you could use it to buy a second bicycle. So in your second year you are renting two. Applying our (admittedly overly simplistic) model you rent both […]
MAKE EXTRA MONEY – EXAMPLE 2A – ASSETS – BIKE HIRE (SCALE UP) Read More »
Bigger or more expensive assets (things like property) aren’t necessarily better. I am very fortunate. I have a couple of holiday let cottages in a lovely part of the country. Each stands me at around £250,000. I can rent them all year and have healthy bookings. The gross income that I get from each one
THE PATH TO ENOUGH PART 6 – GO BIG? Read More »
Like most things, it is the consistency of moving forward one step at a time that will ultimately get you to where you want to go. Not a lottery win or a lightning strike. Small steps, consistently done. As Lao Tzu said in the Dao De Jing (Tao Te Ching, if you want to Anglicise
THE PATH TO ENOUGH – START NOW Read More »
Not everyone can make enough money to stop working and retire early. But anyone can stop making things more difficult for themselves by constantly moving their own goalposts. If every time you earn more money or receive a promotion or pay rise you tell yourself that you “deserve” a better house or car or holiday
EGO v GOOD MONEY HABITS Read More »
Say you’ve worked out that you need £1,000,000 to last the rest of your life. That’s the figure you’ve arrived at. You’ve done your homework properly. You’ve considered many different scenarios. You’ve factored in fluctuations and changes that may occur. And after all that, you’ve decided that’s how much you need before you can stop
FEAR IS THE ENEMY OF ENOUGH Read More »
Being and having enough doesn’t mean that you have to be content with the status quo and that you don’t ever need to change anything. It means you are free to choose.
I would caution anyone from having nothing to do with their time. However appealing having an unlimited amount of time on your hands sounds, the fact remains that as humans we need something to fill our days. There is a famous saying – “The Devil makes work for idle hands.” If you are fortunate to
We are told all the time that if we are not moving up and to the right then we are going backwards. In any graph charting pretty much anything, the goal is for whatever we are measuring (the y-axis) to improve, grow, be higher, over time (the x-axis). The line of our graph should move
ENOUGH ‘UP AND TO THE RIGHT’ Read More »
It isn’t just how MUCH you have. The amount of money that is enough can change depending on how the money is received. Let me illustrate with an example: Newspapers in the 80s and 90s used to run competitions where the prize was a choice: “Win £250,000 in cash, or £20,000 a year for life!”
WHAT IS ENOUGH CHANGES BASED ON CIRCUMSTANCES Read More »
Many people believe that talking about something is the same as doing something. They think that saying “one day I will…” is the same as starting something. It isn’t. One day never comes. It’s like tomorrow – always just out of reach. If you want to do something then you have to start. And you
ENOUGH PROCRASTINATION Read More »
I was recently on holiday in Cornwall. It’s a beautiful part of the world. Blue seas. Delightful coves. Awesome scenery. A truly magical place. When we arrived I said to my partner “I could live here! Imagine waking up to that view every day!” After a week I was used to the view. I had
WHEN THE EXTRAORDINARY LOSES THE ‘EXTRA’ Read More »
Nobody knows everything. Nobody is perfect. But you are enough as you are. We are all striving to be the best we can be. The multi-billion pound self help industry can attest to that. But in the never-ending quest for self improvement, what exactly are we improving and when do we stop? At what point
YOU ARE ENOUGH JUST AS YOU ARE Read More »
Recently I booked a weekend away in the Cotswolds. I wanted to find just the right place. In the country. In or close to a pretty Cotswold village. Walking distance to a great pub or two, and with somewhere great to dine. I’ve possibly spent longer looking for this break than the actual break will
ENOUGH REVIEWS: Why we try to optimise everything and why we shouldn’t. Read More »
How much is enough when it comes to data? Data is everywhere. It is the new gold, or oil, or whatever. Organisations collect our data and then use it to persuade us to buy or vote or behave in a certain way. But data isn’t certainty. Data is probability a best. Data can point or
Everyone’s idea of enough is their own. There are no right or wrong definitions. No correct or incorrect numbers. Whatever is your idea of enough is the right idea. And avoid listening to anyone who tells you that you’ve got it wrong. They aren’t you and they are not entitled to have an opinion on
