Plant the seeds of wealth in 2017….

Tuesday 10th January 2017

In this issue of Money Truths….

  • The seeds of wealth….
  • We are working with stony ground….
  • …. And tough growing conditions….
  • Plant what you can anyway….
  • Maximize the harvest – put £1200 aside….

The seeds of wealth….

Building wealth isn’t easy but the basic principles are straightforward.

First, spend less than you earn. And save the surplus.

Then invest. The key is to identify safe and sure investments you understand.

Diversify too. Don’t carry all your eggs in one basket. When something goes wrong – and it will – you don’t want to lose everything….

Then it’s all about time. Two, three or four decades-worth of it. As much as you can manage. But the longer you take to get started, the slower the going.

The best time to get started was 25-years-ago or any time since. The next best time is today. Starting late is better than never starting at all.

You may already be engaged with this process. You may be thinking about getting started. Wherever you are, it is never easy. Right now, we are working with particularly stony ground….

We are working with stony ground….

Far from spending less than they earn, many people live beyond their means.… Click here to read more

Why it might be better to be overweight than tall in 2017….

Tuesday 3rd January 2017

In this issue of Money Truths….

  • Bill Gates – champion party pooper….
  • You are too drunk, too fat & too lazy….
  • What your waistline might say about your financial profile….
  • If you’re not in the market, you can’t get whacked….
  • Put your hands on £1200 you didn’t know you had….

Bill Gates – champion party pooper….

It was a strange Christmas….

For the first time in many-a-long-year there was no scaremongering to be found in the newspapers about some global pandemic coming to wipe us all out….

No big scare stories about swine flu to keep us on our toes….

No deathly warnings about avian flu to whet the appetite for the Christmas bird….

No weeping and a-wailing about the latest indestructible strain of giraffe flu heading this way from some dark corner of the globe….

And I don’t think I was alone in missing what has become a much-loved form of festive entertainment….

In the absence of suitably terrifying headlines about impending death in the Daily Mail, Bill Gates – founder of Microsoft – stepped up to the plate to comfort the masses with his own seasonal message of hope and positivity….

‘I rate the chance of a widespread epidemic, far worse than Ebola, in my lifetime, at well over 50%.’

59-year-old Gates, who might yet live another 40 years or more, went on to reckon that the next Spanish flu-like epidemic might kill as many as 33 million humans in just 250 days.… Click here to read more

2017 – when the War on Cash really hots-up….

Tuesday 20th December 2016

In this issue of Money Truths….

  • The drive to digital….
  • On the Venezuelan front….
  • All quiet on the British front….
  • 2017: Going mobile – The War on Cash hots-up….

The drive to digital….

India’s drive towards digital payments is proving to be anything but painless….

Last month we reported on how the Indian government (giving just 4-hours-notice of its intentions) removed 500 and 1000 rupee notes (the highest denomination notes) from circulation – rendering 86% of the cash in the Indian economy worthless at a stroke.

The government took the extraordinary step because it wants to flush black-economy cash out into the light.

Indians can change the old high-denomination notes they hold into new notes – but if they can’t prove they’ve paid the tax on their cash holdings, they expose themselves to liabilities and stiff fines….

All over the country large queues of people snake around banks and ATM machines as man-on-the-street Indians scramble to exchange billions-worth of high-value notes….

Government mints are failing to keep pace with demand for new currency. There is a dearth of cash. Nobody has much of it to spend. Banknotes have become a precious commodity. And what cash people do have, they are holding on to.… Click here to read more