6 financial mistakes I have made and how you can avoid them

Even the wealthiest people in the world have made mistakes in relation to money.

So don’t bfinancial mistakes and how to avoid themeat yourself up if you are only just getting in control of your finances and discover that you have made a bunch of financial mistakes along the way.

The key is to learn from our mistakes and use the knowledge to help us make better decisions in the future.

Below is a wrap up of what I consider to be the main money mistakes I have made along the way, what I have learned from the mistake and how you can avoid doing what I did.

Stopped keeping track of money

For a good six years or more I kept a running spreadsheet of every cent we ever spent.

My epic tracking spreadsheet is the exact one I used.

I knew exactly what the break up of our spending was on and I filled it in religiously at least once a week.

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25 work from home online business ideas

Before I dive into the list of 25 online business ideas I wanted to preface it by saying that there are two main factors that should be taken into account before you zone in on exactly what online business you would like to pursue.

Find something25 Work from home online business ideas for side hustles or to replace your job. that you are good at, are passionate about, or have an interest in.

Particularly if you are going to commence an online business as a side hustle whilst you also work full time, you will need to ensure that you pick something that you feel is worth dedicated your precious time towards.

A good way to help you settle on an idea is to brainstorm a full list of everything you are passionate about and interest in.

Once you have prepared this list then cross reference it against what you are good at.

This should narrow down the list to help you land on your idea. For example, I might really love crocheted items but if I can’t crochet or I am not good at it, then it is not the right business to pursue.

Ensure what you choose has the ability to make you money.

For example, say you decide to create crafts but the item you make take you a few hours to make and you can only sell it for a low value. Continue Reading →

Quarterly Update – Net Worth, Cash Flow and Goals

Welcome to my very first quarterly update which details my net worth and cash flow as at the end of March 2017 as well as the goals I have set for myself for the next quarter.

Net Worth Update

If mine is the first personal finance blog you have come across you might be thinking this is kind of strange putting the info out there for the world to see.

However it is a fairly regular occurrence with bloggers to either track their net worth or report their monthly income.

For example, J.Money over at Budgets are Sexy has been tracking his net worth for over nine years now. So have a bunch of other bloggers that you can check out in the Rockstar Blog Directory.

I debated whether I should post this or not as I was not sure about how the information would be received.

Particularly here in Australia where ‘tall poppy syndrome’ can mean anyone who seems to be doing OK can be shot down in a hurry.

But my view is that if you have come to my site which is about becoming financial independent in order to retire early then you must be a little bit open minded

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