But wait... there's less!

Where we live determines a lot about our life.  So today I'm going to share a resource that can help you decide where might be a good place to live.  It started with an article ranking Brisbane suburbs from 1 to 260 . That ranking was based on a set of 17 factors. Here are some of them. But all 17 may not be relevant for you. And some might matter more than others. So they developed a tool where you can rank the 5 factors most important to you and it will give you a personalised list of Brisbane suburbs that would be the best for you - based on those factors. There are also  Sydney and Melbourne  versions. On the results page, there's also a map that colour-codes each suburb by star rating, for each factor. For instance here's the map for public transport. Five-star suburbs are in blue. When you click on a suburb, you get the name and the star rating of that suburb - for whichever factor you select. I find this to be so enlightening. I choose not to own a car. Some...

How is it possible for a book to be depressing, supportive and hopeful all at once? Man Down looks at the problems men have today and how it managed to get this way. What price 'success'? It seems so many of the problems come from the external pressure to be a 'success' - whatever that means. Over time this pressure becomes internal and drives us to make decisions to satisfy that pressure, but which are detrimental in so many other ways. It can be the pressure to take a 'successful' career, though it's one we don't want or aren't suited for. Or to take a promotion, because salary is apparently success - or at least it buys all the things that signal success to others.  The promotion only means more pressure, less sleep, and poorer health. At the same time the extra responsibility takes away from our ability to exercise, take care of our health and form social connections. The lack of social connections means that retiring is one of the most dangerou...

First question. Why 4000 weeks? That's the average human lifespan. If you're reading this you've probably used up 1000 already. If you're a bit older you may have only 2000 left. Maybe just 1000. That can be a startling thought - given how quickly each week goes by. There's so much wisdom in this book, it's hard to summarise it briefly. But I'll give it a go.... Face the Finitude If time was infinite, we could work for 40 years and not miss out on anything. We could spend frivolously as we could always earn more money later. But in the real world there are time limits. Even if we have enough money to escape the nine-to-five, our time (though more plentiful) is finite. Just like money, we will run out if we fritter it away on low-value options. "Face the Finitude" has become one of my internal phrases now. It's my reminder that I don't have infinite time to waste. It may be helpful to think of it like money. eg. I might like something, but d...

 The Minimalists' first documentary - "Minimalism" is now available to stream for free. If you'd like to know more, check out my original review of the movie. Otherwise, kick back and enjoy the movie...

The Ulysses Contract doesn't sound like a book about investing. The subtitle "How to never worry about the share market again" is what grabbed my attention. The book is mostly about the mindset and strategy of investing in shares. The obscure title refers to Greek mythology, the temptation of the siren songs, and the measures Ulysses took to keep his ship and crew safe - including being tied to the mast of the ship, to hold himself to his own plan. In the book, Michael Kemp outlines the temptations (siren songs) in the share market, gives some solid guiding principles (the mast) that investors can secure themselves to, and outlines his idea of a Ulysses contract for investing. The temptations include spending too much on consumer items (it's hard to invest if we spend all our income) doing what everyone else is doing (when the crowd is selling, it might be the best time to buy) expert predictions (not worth that much, and can be wrong as much as right) market-timing, ...

Dan Ariely is an expert on human psychology and decisions. His book  Dollars and Sense is focussed on how to avoid "money mishaps" . That can include paying too much for something; buying something that doesn't provide value; or in some cases not buying something that we really should buy. We can be better spenders of money by avoiding money mishaps. We can get more value for our money - or get the same value for less money. So what are the mishaps? Here are some highlights. Opportunity Cost This is the idea of thinking about what else we could do with money - and whether that's better value.  In one experiment, people were given the option of (A) a $1000 stereo or (B) a $700 stereo and $300 cash. People chose option A. Then people where given the option of (A) a $1000 stereo or (B) a $700 stereo and $300 worth of music. Now they chose option B. In the first choice, people gave up the $300 because they wanted the more expensive stereo. But when forced to think of some...

This book stood out on the library shelf. Massive clutter can create anxiety at any time, let alone when it has to be dealt with during one of the toughest points of life. Author Julie Hall deals with estates for a living. Her book covers the nitty-gritty of dealing with all that stuff. It also covers caring for parents while they are here and what to do to make life easier for them, your siblings and you. Parent Logic We may wonder why parents keep so much stuff. Julie explains that our parents (having grown up in a different time) have their reasons. Often they had to 'go without' as kids and so don't want to 'go without' again. Sometimes they think items will become valuable with age.  Also there's the thought "the more I leave the kids the more they will have" . This is obviously mathematically true - but whether that's a good thing is questionable. Ironically, this admirable quality of aversion to waste often ends up causing waste. Items get s...

For the first time ever I'm reviewing a novel. Latte Factor is a short story  - around 120 pages - and is equal parts of inspirational story and financial education. The combination of the two is quite rare, and done quite nicely. The story is about Zoey Daniels, associate editor for a travel magazine. Although she's never been outside the USA  - "a travel editor who's never travelled". She struggles with money and is considering a higher-paying job at the company her friend Jessica works for. The job would provide more income, but would also be more stressful and demanding. She already has a nightmare about being on an increasingly-fast treadmill that she struggles to stay on. Her current boss Barbara - aware only of the money situation - suggests she talk to Henry at the coffee shop. This peculiar suggestion is where Zoey's life begins to turn a corner. Spoiler Alert Being a book of fiction, I don't want to spoil the story for you. It's a book you ca...

One of the most well-known board games can also be a great way to learn about money and investing - according to this book. Perhaps one way to teach kids (and maybe ourselves) about finance is to play a board game. In so many ways, the game parallels our own financial life - and we can practice financial decision-making without losing any real money. Is monopoly like life? Yes and no. We manage our cash, negotiate, make deals, make choices, go through tough times, make investments, pay tax and reap rewards. To do well we have to make investments. It's very hard to win just by collecting $200 each time you pass go. There are rules, and wise moves. The better we know them, the better we do. However, in real life, you can win without forcing others into bankruptcy. Principles that work in the game and life Diversify. You might have hotels on the two most expensive properties on the board, but if no-one lands on them, you still might lose. Investments have a price and a value. They are...

This book is not for everyone - but can be immensely valuable for those who are meant to read it. If you're thinking you'll reach zero a lot earlier than that, then I'd recommend starting with  Your Money or Your Life . Otherwise, here is what I learnt from Die with Zero  and my personal reaction. Many people in the middle class (and above) retire with heaps of money. Then they spend some of the investment earnings, while their capital continues to grow - even into their 80s and 90s. Their last day is possibly the wealthiest they've ever been. What's wrong with that? That might sound good. Why wouldn't we want ever-increasing wealth? The answer is in the book's subtitle "Getting all you can from your money and your life". There's no prize for being the richest person in the cemetery. Bill figures that if someone dies at 90 with 4 million dollars, that they either missed out on doing things with that money, or spent way too much time working - f...

What do Snoopy and the Peanuts gang have to do with decluttering? It's a typical example of parting with things we no longer need. In doing so we're making money, saving money and bringing joy to the lives of others. Peanuts While I still enjoy the Peanuts characters, comics and movies, I wasn't really using these Linus and Lucy figures. They were sitting in a shoe box (along with Schroeder and Snoopy). Schroeder and his piano now serve as a bookend on our bookcase . But for Linus and Lucy I decided they'd be more loved by someone else. The other day a Peanuts-loving parent bought them for her (and her kids) to enjoy. Another success is increasing the joy in the world. Numbers I love stats, so I keep a record of our sales. Together, these two Peanuts figures were the 598th sale my wife and I have made. This particular sale because the $8 took our combined sales to $4,500 (over several years). I've double checked with my tax accountant and this is tax-free income. :...

"Why is it so hard to resist new things even when we know we already have too much. Can we find an alternative to the more, more, more mentality?" That promo got me hooked into the half-hour doco "Too Much Stuff". Australian viewers can see it online . Otherwise, here are some of my highlights. Host Sarah Wilson sums up the problem right at the start. "At every turn we're urged to possess the next thing that will make us feel smarter and more desirable. Anything we want is available with just one click. We're filling up our lives with stuff; yet ultimately, many of us feel empty, guilty and stressed out by our consumption." She sets out to explore an alternative. To see if "radically reducing our consumption" can lead to a better life. (Spoiler alert: Yes) Sarah says many people call her a minimalist but she's not so much about getting rid of things, more about not buying stuff. What's wrong with the Marie Kondo approach? Each ep...

Ever felt yourself wondering where all the time in the day went? Or asked yourself why the things you wanted to do haven't got done? This book might be what you're looking for. Jake Knapp and John Zeratsky worked for Google. They helped redesign Gmail and You Tube. Then they worked out a way to redesign how they spent their time. They share their tactics in this book Make Time: How to focus on what matter every day . As you might imagine, I really like the idea of doing more of what matters by wasting less time. Two big things that steal our time The Busy Bandwagon is the "culture of constant busyness - the overflowing inboxes, stuffed calendars and the endless to-do lists" . Much of this not really necessary. Infinity Pools are "sources of endlessly replenishing content" . Social media, TV and streaming services are examples. Obviously when there is no end to the content, there's no limit to how much time they can suck away from you.  Apparently the ave...

One of the difficulties of downsizing our possessions can be the regret of sending things to landfill. Fortunately more and more solutions are becoming available so that unwanted possessions can have a second life. Today I'm looking at shoes. If they are still wearable you can sell them - or give them to a friend. But sometimes they've just reached the end of their usefulness - as happened to my blue sneakers. I'd got every last bit of use out of them and was thinking they'd be going in the bin. Then I found out about the clunkily-named ASGASOS initiative . What can be recycled? Basically sports-shoes. Sneakers, trainers, runners, football boots, and thongs. Sadly no business shoes or workboots. See the full list . What happens to them? The shoes are broken down and the usable components (rubber, leather and fibres) are extracted to make new products including gym mats, floors and playgrounds. Where can shoes be recycled? I took mine to a JD store, but several retailer...

"Been busy?" is a question we're often asked. Sadly we're often far too busy and don't have time for the things we really want to do. We've made working our number one priority and are suffering the consequences. But it doesn't have to be this way. Author Celeste Headlee explains the reasons work takes up too much of our lives and shows a way forward to being less busy, less overworked and more happy. The title "Do Nothing" might put you off reading this book. I recommend you read it anyway. The subtitle "break away from overworking overdoing and underliving" is a better description of the book. In a world of overworking we seem busier than ever. How is it that our grandparents had so much leisure time even without the assistance of robot vacuums, online shopping, microwaves and the internet? Author Celeste Headlee suggest that instead of gritting our teeth and forcing our "body and mind to work punishing hours" as if they w...

You don't have win the lottery or receive a big inheritance. Money magazine interviewed seven people who are getting financial independence on fairly average salaries. "They are followers of the popular personal finance FIRE movement (financial independence retire early)"  who are saving rigorously, investing sensibly and enjoying a modest lifestyle. The article describes the FIRE movement as "the opposite of working flat-out through-out your life, piling on debt, living beyond your means and consuming voraciously." "While most Australians rely on drip-feeding their ... retirement account FIREs are aggressively saving much more outside super." So who are these people doing it so well? Kate is 22, aiming to retire at 40. Pat (32) is on track to retire at 35. Dave retired at 28 having left school in year 11 Leo  (34) and Alisha (32) will retire this year on 90k/year Serina  (48) retired at 46 with a family on 60-70k/year Jason  (48) is nearly at his 9...

In writing this blog, the topic of Financial Independence is coming up again and again. So what exactly is it? Here's a brief intro. In short, Financial Independence (or FI, or FIRE) is the point at which your investments provide enough income for you to live on, and you do not need to rely on a traditional job. It sounds like an out-of-reach dream but the FI community is about using financial literacy, thinking a bit outside the box, and sharing clever ways to make it easier. How much would I need to do that? The rule of thumb I see most is an investment of 25 times your annual expenses (also known as the 4% Rule ). It's more of a rule of thumb - and some will prefer to have more (just to be sure). But for now let's use 25. If annual expenses are $40,000 that would imply an investment target of $1 million. Woah. That sounds enormous. Yes it does - at first. But it's simpler than it sounds. And it gets easier as you go. The two key principles are to spend less than we e...

If you're 21, you can probably stop reading now. If you're a bit older and own CDs keep reading.  CDs are an example of "calendar clutter" - once-useful items that time has rendered obsolete. But what should we do with CDs rather than dump them in the garbage. Is there a way to recycle CDs and DVDs? Other options Obviously I'm a big fan of selling (people bought my Batman DVDs and my Abba CD) or giving away. These are both better options than landfill. But there are discs that no-one wants. The installation disc for the printer you no longer own, the Microsoft Encarta 98 disc, the CD computer backups (pre-external hard drives), the disc of digital photos from your holiday with a friend, and self-made music CDs (the 90s/2000s equivalent of an 80s mix tape). Unless you want to do a crafty DIY project the next best option is to recycle them. But where? Officeworks This is me at a nearby Officeworks, recycling a bunch of discs we've had for ages. Out of interest...

It's no secret that almost all of us have too much stuff. Peter Walsh's book Let it Go is very helpful for people looking to do something about it. Aussies may know Peter Walsh from Space Invaders , where he regularly assists people in letting go of about 75% of their clutter. In this book he gives a mental framework, and practical approach and a step-by-step guide for downsizing your physical possessions. It's particularly geared for people moving house, often in a life transition such as marriage, job change, kids leaving home, retirement, or moving into aged care.  Here are some of my highlights: Why is this so hard? At the moment the Baby Boomer generation is inheriting a lot of stuff from their parents while also entering retirement and trying to downsize. So they pass things along to Gen X and Y. The event that caused the downsize can be stressful in itself. Then we realise that we own way more than we want or need. In our society, consuming and accumulating is consid...