FINANCE WITHOUT THE NONSENSE
Google ‘How much money do I need to retire?’ and you’ll see that among the various calculators, theories, ‘magic numbers’ and rules of thumb listed in the search returns, the ideas about what retirement savings should look like vary quite substantially. Mathematically, coming up with a number is not too difficult. Coming up with a number that will serve you well is another matter altogether, so unfortunately, the answer to …
If you are looking to use a financial adviser while you are working abroad, the first question you need to ask that expat adviser is: “How do you get paid?” It is crucial that you get a clear and unambiguous answer from the adviser and you need to understand exactly how they get paid for their services before committing to invest anything with them. This is because it is likely …
The question about whether or not life insurance is worth the money comes up frequently during expat financial planning discussions. Some expats feel very strongly that buying life insurance is something that is just not worth it, while others (not just the insurance companies!) see it as the foundation of a good financial planning strategy. Here’s my take on it. . . . I’m going to start with a quote, …
Have you ever tried saving up for anything? It’s not always as easy as it’s cracked up to be, is it? Unless you’re super-disciplined and/or a ‘natural saver,’ even the most sincere intentions to regularly put aside a bit of money at the end of each month towards whatever goal you have in mind can easily go off the rails. And as an expat, living and working abroad, you’re likely …
There are many different types of life insurance available – term, whole of life, variable, universal, endowment, investment-linked, to name a few. I am not going into the features and differences of each type in this post, so for now, I just need you to understand that there is more than one type of life insurance available. So, it’s no wonder that the process of buying life insurance can seem …