I read a psychology blog the other day describing three types of mistakes people make.
The first is when you purposely take on risk to achieve a specific goal.
The second is the result of weaknesses in our skill set, character or awareness.
And the third is revealed at significant moments when we revisit our priorities and perhaps realise we could have made better life choices...
These are often life-changing and help guide the decisions we make in the future.
Now let's look at how some of these mistakes happen with our finances...
A few years ago, a U.S. Admiral delivered one of the most inspiring speeches of the decade.
He shared the important lessons he learned in the navy and one which he believed is most important...
Making your bed.
His message spread like wildfire and it's something that still resonates with me today...
I've had many opportunities to share my thoughts on the idea of retiring early.
Just these past few weeks, newspapers, a radio station and a news channel reached out for a comment or two.
It seems to be a hot topic among expat investors.
Here's my take on the movement...
And how the principles can benefit anyone.
Over the years, many investors have reached out with concern...
Encouraged by certain financial firms or rogue 'advisers' to transfer their pensions.
Understandably, they've been confused and doubtful.
If you've been contacted or have any doubt about whether you should or shouldn't transfer...
I urge you to continue reading.
Understand the implications of transferring before you make any decision.
Remember, your life savings are at risk.
[Estimated time to read: 4 minutes]
Did you know...
If you fold a piece of paper 103 times it will be as thick as the entire universe?
Think about that for a second.
It's incomprehensible, isn't it?
Exponential growth is like a supernatural force.
And it can do more for your money than you'll ever be able to on your own...
On a recent flight back to Dubai, I got talking to an oil and gas professional named Neil.
After discovering I was in financial services, he was all too eager to share his own experiences with his 'adviser'.
They often met up for a round of golf.
In fact, his 'adviser' became part of his close circle of friends.
During the conversation, I kept biting my tongue.
After years of hearing them...
I knew how stories like these inevitably ended.
If you're nearing retirement, you probably have a lot on your mind.
What will you do with all that spare time?
How many holidays can you afford?
Will your money last, even if you live longer than expected?
[Estimated time to read: 15 minutes]
Last week a reader asked us about repatriating to the UK.
He was overwhelmed by the many financial considerations...
And sought a checklist to ensure he didn't miss anything.
Ensuring your finances are in order is one thing.
There are also many practical aspects of moving lock, stock and barrel back to Britain.
If you are in the same boat as our reader, this blog is for you.