Money with Warren

The Wealth-Building power of Discipline Let me start by saying that being smarter than everyone else won't help without the discipline to continually make good choices. "You don't have to do that many things right in your life, so long as you don't do that many things wrong" - Warren Buffet   Building wealth is a goal that many aspire to achieve. While it may seem elusive to some, it's important to recognise that wealth is not solely dependent on luck or extraordinary talent. One of the most powerful tools for accumulating wealth is discipline. In this article, we will explore how discipline plays a pivotal role in building wealth and achieving financial success. 1. Setting Clear Financial Goals Discipline starts with setting clear and achievable financial goals. Whether it's saving for retirement, buying a home, or starting a business, having well-defined objectives provides you with direction and motivation. Discipline ensures that you stay focused ...

How i nterest rates affect us Thoughts for someone new to understanding finance. Fighting the fear to learn it with analogies and simplicity. Does our increase in income annually  cover the effects of inflation? Not so much in jobs as wage growth is mostly out of the average worker's control, businesses are usually able to increase the cost of their goods and services accordingly, at least those not in a price competitive industry I suppose that depends on where you live, the current state of affairs was quite scattered when I looked through the worlds central banks set rate of interest in countries all over the world, some with double digits, shocker and some negative, like Japan, which is trying hard to get people to borrow money and theoretically grow the economy. As a country, the more you can borrow the more you can increase your productivity, or perhaps buy assets in other countries (that produce more than the interest rate) The money of today is borrowed (fia...