October 11, 2019 smacms_admin

Financial Informer – 2019 – 4th Quarter

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Financial Independence

The dream of financial independence is one that many have but few seem to achieve. However, there is a growing interest in a movement, advocated by Peter Adeney, called FIRE (Financial Independence, Retire Early) in which its followers adhere to certain habits, behaviours and methodology advised by Adeney…and it works! You can do it too…

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Bad Habits

The path to financial independence is fairly straight forward for some but terribly difficult for others. However, on closer inspection, those who find it difficult are often nothing but the product of bad financial habits. Thomas C. Corley, a certified public accountant and certified financial planner, spent five years studying millionaires and gathered his insights in multiple books, including “Change Your Habits, Change Your Life.” According to Corley, there are seven bad habits that won’t lead to wealth….

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Some Like It Hot

“Two close boyhood friends grow up and go their separate ways. One becomes a humble monk, the other a rich and powerful minister to the king. Years later they meet. As they catch up, the minister (in his fine robes) takes pity on the thin, shabby monk. Seeking to help, he says: ‘You know, if you could learn to cater to the king, you wouldn’t have to live on rice and beans.’ To which the monk replies: ‘If you could learn to live on rice and beans, you wouldn’t have to cater to the king”…

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