Rob Mackay
@RobasMackay
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What proportion of the government's actions are aimed at 1) directly benefitting the government itself? 2) the citizens of the nation? Frequently feels like most government action is ultimately about serving the government itself. Is this upside down? Should the government
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We need to rethink the term 'financial planning' ... just like we need to reframe the word 'diet'. Your diet is what you eat. Everyone follows their diet, all the time. Your financial plan is what you do with your money, day after day, year after year. You may not see it like
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I'm new to the world of the Financial Advisor and thanks to the TRAP podcast I've come across this great term Full-fat financial planning Comprehensive, personalized financial advisory service that addresses a client's entire financial situation and life goals, as opposed to
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1. Biggest lever in building financial wealth in life? Earning more than you spend (so that you can have money left over to invest in assets). 2. Yet ... most people don't track and scrutinize their spending. Nor ... budget for future (i.e. prempt and decide ahead of time how
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Look forward to reading ... 9 steps to transforming your relationship with money and achieving financial independance!
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According to financial planning veteran Nick Murray, the bulk of a financial advisor's value will be derived from behaviour modification for his client. Plan > winging it Systems > emotions Premption > reaction Understanding data > what sounds good Knowing history > just living
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personal finance insight #478 -budgeting tells your money what its going to do -expense tracking tells you what your money already did
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2 simple financial habits everyone should do - expense tracking (backward looking) - budgetting (forward looking)
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Monetary inflation is the invention of: - leaky battery - melting ice cube - shrinking tape measure
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Exercise for living well in life. Write your ideal obituary many years in advance. Key question: what did you live FOR?
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Simple path to wealth: - earn more than you spend - invest the difference
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The work you do in private is the work you are rewarded for in public. @TonyRobbins
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Don't get distracted by debating the rules of the game. Understand the rules, play by them, and do your best to win.
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Most people on the financial journey get stuck in either - spending mode - burning through wages for short term things and experiences, never saving and investing for their future - saving mode - hording wealth for feeling of safety, to be spent some day down the line that
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reading Die with Zero: Getting All You Can from Your Money and Your Life helps you learn to truly evaluate the finite constraints on your life -money -health -time
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The simple path to wealth doesn't mean you don't go all in on your work and life. But understand that needing short term outsized returns (essentially gambling) with most of your portfolio means you have an income problem. If you are young, trying to gamble your way to wealth
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