You don’t need a high income

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This is an extract from my book, The Poor Man’s Guide to Financial Freedom: A Realistic, 10-Step Manual to Building Liberating Wealth on a Low to Medium Income.

A Warning

You might be thinking, meh, I’m going to move up in my career soon enough anyway.  Once I’m earning the big bucks I’ll pay off my debts, start investing, and all of that sort of thing.  What’s the point of struggling through all this now when I don’t have much money anyway?  It’ll be easier to do it later on.

This is the path to hell. Read More

The release of aging

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I always thought, as a kid, that growing old would be awful because you’d be aware that you have less and less time ahead of you.  As a teenager I thought how depressing it would be, thirty years old, working every day, with no childhood to return to, only old age ahead.  This feeling was enhanced by the fact that my teenage years were not fantastic, and that the adults around me said they were the best years of my life.

Now that I’m forty, I see things differently.  The first reason is practical: Read More

The 10 steps to financial freedom

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This is an extract from my book, The Poor Man’s Guide to Financial Freedom: A Realistic, 10-Step Manual to Building Liberating Wealth on a Low to Medium Income.

Overview

Here are the steps described in each chapter and a brief summary of what to expect.  The steps are arranged in a very logical order, so use this outline as an opportunity to decide where you’re at and start from there.

For example, if you have trouble with debt, definitely start from the very beginning.  If you have no debt and are unlikely to borrow for anything, consider starting from Step 2: Make a Frugal Budget.

Following the steps out of order is likely to be counter-productive.  For example, you should not Read More

The case for permanent lockdown

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It might sound crazy but hear me out.

When I use the term ‘lockdown’, I mean setting strict regulations on when we may leave the house and the number of people who may gather in one place, enforced wearing of masks, and restrictions on where we may travel.

We’ve never previously managed to create a safe and effective vaccine against a coronavirus.  This forces us to consider the very real possibility that we may never Read More