Work more to work less with a compressed work week

DEPENDS ON THE PERSON…   Many of you might agree working a compressed work week would make your life easier but for others it’s not a perk they care too much about. Factor in the possibility that you might have to retire later in life because you aren’t working the amount of hours you are used to and it might deter you further. If you can picture yourself living the retired life how old are you when that happens? Getting up and going to work for everyone around the globe is a part of life as is earning an honest living. We all have employers with different missions and values and even some who look after their staff with such care that they worry about how their days outside of work will impact their productivity when they come back to work. Sounds too good to be true but some employers want their staff to come back to work refreshed and able to give them 110% rather than 50%. I know that what happens behind closed doors no one may ever know but if your employer takes extra steps to ensure they make your working days easier they may see a […]

Can you picture yourself living the retired life?

DREAMING OF YOUR FUTURE   I’m not sure everyone can picture themselves retired because we base it on what we think we know and what we want to believe will happen during the supposed best years of our lives. Planning for retirement almost seems as if you are writing a guide about a future time and what your life will potentially be like. Don’t be envious of others’ success create your own but that starts with a plan of action and a will to want something that suits your own needs and not those of others. For some people their book is so big they struggle to get hold of it without the help of others, some don’t care and others take minimal interest in life after working for a living. I don’t know how much I agree with it being the best years but I’m certainly not one to judge because I’m not retired. In fact, I’m quite a few years away from retirement. Although I may be able to retire early I still struggle with what I will do when I no longer have to get up to wanting to throw my old cell phone from the UK […]

A Payday loan cost me double time

  Payday Loans, Easy Money = Big Problems   We have all run into situations where we need fast, easy money and if you have no access to a financial institution or a credit card where do you go? While Payday loan companies market their business as a convenient and quick way to get some easy money when you’re in a bind, they do not go into much detail about how hard they can be to repay. When I was married, money got tight pretty quick when my husband got hurt at work while I was on maternity leave. Bills were falling behind and every week just seemed like a struggle to get through. Money was always on my mind as I was always figuring out how I was going to buy diapers and milk, and pay the phone bill, among everything else. One day my husband suggested a payday loan and looking back now I wish he hadn’t.   Convenience of a payday loan   The Internet makes almost everything easy these days, including getting a loan. If you have online banking and your pay is direct deposited, getting a payday loan online is as easy as filling in […]

A Beginners Guide to Early Retirement

Early retirement is simply the process of retiring before the standard retirement age and often refers to retirements that start decades before the typical age. An early retirement aims to provide the maximum free time during our best years of life. After all, what is the point of saving bucket-loads of money for retirement only to be too old and frail to use it properly? My aim in life is to rapidly save enough money to allow me to permanently retire from paid employment. This is not to say that I won’t continue to work after I reach the point of financial independence, just that I won’t have to. The process for doing this is to drastically reduce expenditure so that you can save a large percentage of your salary (50% or more) for your early retirement. The very basic steps are: Live on 25% of your salary Invest the 75% Reach the point at which passive investment income exceeds expenses and Retire early! They are the steps and they are easy to articulate and difficult to argue with, but incredibly challenging to implement well. Let’s start with common objections at this stage: I can’t live on 25% of my wage! […]