Wealth is often associated with financial abundance. However, when you look at the things that bring you joy and give you purpose, it might not be the value of your assets. Indeed, a February 2025 report from HSBC suggests the younger generation is less likely to define wealth by how much they have in the […]
When people think about financial wellbeing, they often link it to frugality or building wealth. Yet, an effective financial plan isn’t always about that, sometimes, it might make sense to spend more. It can be difficult to get your head around. After all, as a child, you’re often taught that being sensible with money means […]
You don’t know what’s around the corner, but that doesn’t mean you can’t prepare for it. A financial shock could derail your short- and long-term plans and might mean you face additional stress at an already difficult time. So, creating a financial safety net that you can rely on should the unexpected happen could offer […]
Everyone has made an impulsive financial decision that they end up regretting later. While these hasty decisions might feel right when you initially make them, they have the potential to harm your long-term finances. Some impulsive decisions might have little effect on your overall financial wellbeing. For example, picking up a treat when you’re grocery […]
Have you ever made a decision to continue with a course of action based on what you’ve already put into it? This bias, known as “sunk cost fallacy”, might mean you don’t make rational decisions and stick to a path that’s no longer right for you. If you’ve been affected by the sunk cost fallacy, […]
The Murdoch family’s messy dispute over who will retain control of Rupert Murdoch’s media empire when he passes away has been grabbing headlines. While your affairs might not be in the spotlight, the case offers some useful insight into how to avoid family disputes. Following his second divorce in 1999, Rupert Murdoch established a trust […]
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