Tag Archives: personalfinance

Setup for Life – What is Seed Money?

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Give it enough time, and everyone gets that warped dream of firing their boss, being financially independent, retiring early and living their life however they hell they like. There is a phrase that gets thrown around a lot. ‘ … Setup for life …’

It also goes with many other expressions …

Bigger contributions to the 401K or Superannuation will ‘Set you up for life.’ Winning the lottery can ‘set you up for life.’ That next high paying job will basically ‘Set you up for life.’ This is the deal that will ‘Set you up for life.’

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Why you should not trade crypto

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Full Disclosure: The Author [Richard Ronc] has no cryptocurrency holdings.

Have you ever been in a car with a lunatic who just kept doing stupid ****? Have you ever seen that crash coming and simply frozen as all of the events have simply unfolded around you? Have you ever been in a situation so unstable and so out of control that if you turn away for a single moment you know that you’re in trouble?

Welcome to the Cryptoverse. Finely enough unlike financial editor Ross Greenwood I’m not going to tell you cryptocurrencies are bad or that you need to stay away from them. Not at all.

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A Letter to Parents

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Dear Mum and Dad …

No not really, but that’s probably how I’d start it if this was a letter to them.

This letter is to all parents, and to the children too, because we’re all … someone’s kids.

This one is a hard one to write. Why? Because I don’t have kids. And that makes it hard for me to relate to parents. I tip my cap to you all, because I like time to myself. I’m pretty self centered too. Honestly I don’t really see myself as paternal material. But anyway.

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Dividends. Are they Worth it?

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Above all else I’m about getting cash flow heavy. After all cash flow is where personal wealth starts. If you can achieve cash flow, then you can use money as a tool instead of a treating it emotionally like most of us do.

There are vast numbers of ways to generate cash flow, and one option that keeps on popping up is taking advantage of ‘dividends.’

So let’s take a look at them and find out what all the fuss is about

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Why you have to be Asset Rich

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You can’t work your way to wealth

Despite the social mantra, you can’t work your way to wealth.

As long as you trade time for money, you’re part of a losing strategy and here is why.

Imagine starting your working life at the age of 20, and your first wage is worth $65,000.

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