net worth

1. 27 June 2017

   Repaying debt is building wealth

   If there's one figure to focus on when it comes to your finances, it's your net worth — assets minus liabilities. From that perspective, a dollar towards debt is the same as a dollar into savings. Rep…

2. 18 September 2016

   The younger you are, the wealthier you are

   If someone asked you to calculate your net worth, you'd add up your assets, subtract your liabilities, and get a number. But for a younger person, that calculation misses the biggest asset of all: the…

3. 19 July 2016

   Fixed costs aren’t necessarily fixed. (Or: Less car, less house, more wealth)

   When we think about spending, we focus on the discretionary stuff — coffees, clothes, takeaways. But it's the "fixed" costs that do most of the damage over the long run, and the two big ones are house…

4. 14 July 2016

   Investing is not the first step

   Investing matters, but it's not the first step. Before you start, you need to know what you want from your life, get on the same page with your partner, focus on the right metric (net worth), pay off…

5. 5 December 2014

   You shouldn't (and can't) save a fixed percentage of your income every year of your life…

   Common advice is to save a fixed percentage of your income every year for retirement, starting as early as possible. It's reasonable in the abstract. But it doesn't really match how life actually work…