Life is a beautiful assortment of opportunity that awaits you. As you gain more momentum building your wealth, you will have more access to life’s material treats in all of its variety. This does not mean that you have to partake of everything offered. And just because you can afford something doesn’t mean you should…
In life, we can take the safe path of mediocrity or the ‘riskier path less travelled.’ The world is changing fast and necessitates measured risk-taking. There are other risks that we acquire by having valuables like loved ones and material abundance. Once you have someone or something to lose, you worry about losing them. In…
Even though it does not appear in your net worth statement, your body, your relationships and communities are your biggest assets. The health of these areas of your life enhances your true wealth. That is why one of the four dimensions of the Compass Star PATH is health. Health is your first wealth. Health allows…
“Time is free, but it’s priceless. You can’t own it, but you can use it. You can’t keep it, but you can spend it. Once you’ve lost it, you can never get it back.” – Harvey Mackay A major area of true wealth is time. Fabulous, precious time. I think it is no coincidence we…
Abundance is the second element of the Compass Star PATH (which stands for Passion, Abundance, Time and Health). It is the more traditional view of wealth representing actual money and material abundance. A key facilitator of increasing abundance into your life is whether you view the world through the lens of scarcity or plenty, I…
I love a clean house. It makes me feel like I am on top of things, like I am ‘adulting’ well. Clean environments feel warm and welcoming; truly relaxing. What is the first thing people do when they want to sell something (like a house or a car) for an optimal price? They give it…
Is saving £432 worth an hour of your time? Imagine you are looking into your account activity to ensure you have enough for your holiday gifts and plans, and you notice an unexpected monthly charge from your favourite service provider for £57. You think to yourself: ‘hmmm, that is interesting; I thought it was supposed…
Living with passion is a key element in the PATH to true wealth; and it is the first area I discuss in my book. Passion may bring up images of artists immersed in their creative processes, or new lovers strolling in the park holding hands. This indeed is passion. However, I am speaking about pragmatic…
Financial planning is a map. It is a financial roadmap to get from point A (where you are) to point B (where you want to go). Easy, right? The interesting thing about building wealth in your life is that it can be subjective. It is not like corporate finance where the goal is focused on…
There are two primary vital signs for your finances, one is your budget (or cash flow) which we discussed in the prior blog, and the other is called your net worth which we will discuss today. Just as a doctor takes your heart rate and blood pressure as a first indication of general health; you…