Mike Coady’s personal finance blogs are designed to help you better manage your finances. Below are the latest blog posts on personal financial management and personal money management, advising you how to make the most out of your money. Mike Coady’s personal finance blog posts have been known to help hundreds of individuals develop their knowledge of the sector – and you could be next! For expert financial management advice and personal money management knowledge, look no further.
“They are nowhere near as good as they used to be and now that you are an expat, they simply don’t work!”I know this will be hard to hear for some British Expats living in well-known expat locations such as Dubai or Abu Dhabi, but...
Let’s learn quality control from manufacturingI’ve gone on record before saying the quality is never an accident. It’s always because of careful processes designed to monitor, review, and cross-check.It is the role of management to make sure that services are being delivered with quality across...
South African expatriates should not only understand the newly implemented 2022/2023 tax laws, which aim at taxing their foreign employment income but should also act if they want to avoid its dire consequences. With the 2022/2023 SARS tax eFiling season now open and well underway,...
As I have often said before, we all have the same possibilities and opportunities in life. So, the question is, what mistakes when trying to become wealthy are you making? It’s how we take action that defines our paths. I often talk about how to succeed in...
More and more young people are relying on the bank of mum and dad. Between expensive education and skyrocketing house prices in global hotspots, many young adults don’t have a hope of clambering onto the property ladder without assistance. But let’s turn that question around. Should...
Look back to the year 2000, and you might understand why so many people are hesitant to put their hard-earned money in the stock market. Many investors have been hurt more than once by investing in equities, and they are having a hard time believing...
One of the main costs all parents should bear is education costs. For many families, saving money for a child’s education is a must. Providing that child with the opportunity to learn and grow is just part of taking care of your family. Yet, knowing...
One would think that if someone is travelling and working overseas for much of his or her career, he or she doesn't have much available in the way of savings advantages. This assumption is completely wrong. An expat saver has huge advantages available to them...
Insurance cover, and more importantly, the right insurance cover is a necessity in today's world. If I asked you to pay me a dollar every month so that I’d pay you a thousand if you crash your car, you wouldn’t hesitate. If I asked for...
The habits you form now will affect you for the rest of your life. Understanding the most common financial money mistakes will help you make better financial choices in the future.Avoiding costly money mistakes will save you money, time & stress.I have listed below the...
Let's talk about how you can improve your credit score...
Thinking about retirement already? Chances are, if you’re reading this, you’re an expatriate in a low-tax jurisdiction. Lower taxes mean more income that you can use to build a secure financial future. So, when should you start thinking about retirement? When should you start saving/investing...
How does your bank profit from savings accounts? Ever wonder why a bank pays you interest for the money in your savings account? After all, you didn't do anything besides put the money in the account. The interest is free money awarded with no effort...
It’s time to invest. But, do you ask yourself 'how will I become a millionaire'? If you want to save until you earn a million, where do you start? Of course, you’ll need to focus on saving fast, saving as much as possible, and doing it...
"Why do people spend on annual holidays rather than save for their retirement" I believe it would be great to expand further on the Retirement "awareness" by being "money aware" and how to sensibly plan for retirement. There was a time when people retired, everyone...
Further to a previous blog, I released, "Why relationships are so important to financial advice" I believe it is equally important that we understand the difference between direct investing and active financial advice.Many investors prefer to make their own investment decisions, but this is not...
When you are considering investing your money, having a solid relationship with a financial adviser is not only ‘helpful’, it can be fundamentally important as well. Most investors depend on their financial advisers to provide them with information that can be crucial to their success...
Expatriates & their Taxes Have you moved overseas? Chances are, if you’re reading this, you may be fortunate to be an expat in a low-tax jurisdiction. Congratulations, because taking income tax out of the equation frees up income for you to build a secure financial future.But...
As previously mentioned in my blog "Spenders vs. Savers: How they can meet in the middle", I mentioned a meeting with renowned psychologist and best-selling author, Dr Peter Collett. The meeting was absolutely fascinating! We discussed an important subject for anyone involved in financial services: the...
Are you a spender or a saver? The differences between the two can be profound. Savers can be obsessed with their nest egg and will go to great lengths to continue padding it, whether that means skipping vacations, forgoing a night on the town, or...
Making the right investment decisions is something you can only properly do by fully understanding your own personal risk tolerance. There’s no doubt that we all know that all levels of reward come with some level of risk and uncertainty. The amount of risk, of...
How to pay off debt is one of the most common questions I get asked as an adviser.“How did you go bankrupt?” “Two ways, gradually and then suddenly”- Ernest Hemingway, The Sun Also Rises.In this famous quote, the influential 20th-century author, in one of his most...
Investment tips on how to avoid these 3 mistakesOh, the stock market is on a downturn. Quick, sell! Okay, wait, it’s picking back up again. Buy before it reaches its peak!Sound familiar? This exact scenario played out during the tail end of 2018 and when...
Where do you put your money? If you are like many people, you believe the safest, easiest option is to put your money in a bank account and allow the interest to grow. While this seems a relatively safe method, it may not be the...
Money causes stress. It's a fact of life. I believe money issues are the number one worry of expats. Why is money such a major source of stress? Experts say there are multiple reasons. One is the way money is viewed in society. For many...