Now that you have completed step 2 and paid off your debt, you’re ready to tackle step 3 and build up your full emergency fund with three to six months of expenses. After all the effort of Baby Step 2, it’s easy for your energy to drop before you complete your emergency fund. Try not to let that happen!
The real aim of this step is to provide you with a safety net for when life puts obstacles in your way and with a fully funded emergency fund, you can continue to run your household for several months. Additionally, you will have the peace of mind and one less stress from your life. Continue reading
Welcome to the Finance 101 course, designed for everyone wanting to get off to a good start in life and over a few weeks, we’ll work through the seven baby steps (Source: Dave Ramsey).
Two years ago, I moved into my new home in July, and when the weather got colder in October, my hot water boiler failed, and instead of reaching for my credit card, I had my emergency fund available to pay £1200 and have it replaced with a brand new one with a 10-year guarantee.
Life teaches us that unexpected things happen and having this small safety net, will help you start to break out of the debt cycle. Continue reading
During my career, I’ve been very fortunate to work with many fantastic graduates, and during recent conversations, it became clear that there was a demand for an introductory course to money and finance.
Personally, I’m amazed that our education system (at least in the UK) does not teach the basics and I hope that over the next several weeks, we can work together through a seven-step plan to help you get control of your finances and not the other way round.
Why am I writing this course, ”I wish that when I was your age, someone would have explained to me why it is important to understand money, look after it and invest for the future.”
Disclaimer: I’m not a financial adviser and am speaking from my own personal experience.
Former US President, Benjamin Franklin once said “An investment in knowledge pays the best interest”, and he was absolutely right, because the financial markets are designed to extract the maximum value from each transaction and if we’re to be on the right side of the trade, we should prepare to roll up our sleeves, learn and act. Continue reading
The Blind Spots of the Green Energy Transition | Olivia Lazard | TED https://youtu.be/za6dE5JrNB0 - Thank you @OliviaLazard for opening my eyes to reality on the much needed resources and where they are #consumerism #naturalresources