It's becoming more and more common for companies to include one-off when reporting earnings. The rationale for disclosing one-off is to provide investors & analysts with information about what are recurring items in earnings result. However, there are situations where it is difficult to assess whether such items are genuinely one-off.
In our own lives, we too would like to conclude our spendings as one-off. The oversea trip last year, buying the new tv, or the fine dining last weekend.
Again, each individual attach different value to different items and I have no interest in suggesting what you should or should not do. What I am suggesting is that the one-off expenditure are actually recurring cost. For example, are annual holiday trips really one-off?
So how does that help you? Well, the sooner you come to turns with your "one-off" are actually recurring expenses, the sooner you can set aside money for it and plan ahead. Ultimately, if you know how much you are spending, you will know how much you are saving.
Thursday, September 16, 2010
How to differentiate buying business vs stocks
Chartered Accountants invited Roger Montgomery to contribute to their September Business in Focus audio program. You can listen to a podcast of his interview at his blog.
http://blog.rogermontgomery.com/buy-value-able-stocks-for-less/
http://blog.rogermontgomery.com/buy-value-able-stocks-for-less/
Thursday, September 9, 2010
Why I started the Blog
A couple of friends asked me why I started writing the blog. Well, here's the answer
I have a huge mortgage, recurring expenses and earning a salary that is only just enough. If I continue what I am doing, nothing will change and things will not get better. Even if I get a pay rise, expenses will keep increasing (having another child), moving to bigger house etc.... it never ends.
Hence, I started "looking for money". Over the past few months, I realised that there is actually alot of little things I can do in my life which may not seem to make a difference on its own, but putting them together makes a huge difference. Hence, why I starting putting my thoughts on the blog. Things like managing you cash flows, analysing investment options, finding alternative income source...
Two nights ago I had a new revelation. What I benefited from these financial "exercises" for the past 6-9 months is not just about the amount of extra money I can earned or saved. It's about "opening my mind" to a new perspective of thinking and actively finding ways to better manage my finances. Simply going to work and earning a monthly salary is not enough. We have to think outside the box rather than follow the crowd.
Lastly, I think this benefit will be magnified with people around me. Like a team of athletes training together for a common goal. To have like-minded friends sharing insights, exchanging ideas and learning from each other's experience will take this to the next level.
Feel free to email me or post directly on the blog your problems / ideas / questions... and with your permission I will post our discussion on the blog. Obviously everyone circumstances are different, and this is not meant to be a Q&A forum. Ultimately, we have to make our own choices, but I think it helps if you know you are not alone.
I have a huge mortgage, recurring expenses and earning a salary that is only just enough. If I continue what I am doing, nothing will change and things will not get better. Even if I get a pay rise, expenses will keep increasing (having another child), moving to bigger house etc.... it never ends.
Hence, I started "looking for money". Over the past few months, I realised that there is actually alot of little things I can do in my life which may not seem to make a difference on its own, but putting them together makes a huge difference. Hence, why I starting putting my thoughts on the blog. Things like managing you cash flows, analysing investment options, finding alternative income source...
Two nights ago I had a new revelation. What I benefited from these financial "exercises" for the past 6-9 months is not just about the amount of extra money I can earned or saved. It's about "opening my mind" to a new perspective of thinking and actively finding ways to better manage my finances. Simply going to work and earning a monthly salary is not enough. We have to think outside the box rather than follow the crowd.
Lastly, I think this benefit will be magnified with people around me. Like a team of athletes training together for a common goal. To have like-minded friends sharing insights, exchanging ideas and learning from each other's experience will take this to the next level.
Feel free to email me or post directly on the blog your problems / ideas / questions... and with your permission I will post our discussion on the blog. Obviously everyone circumstances are different, and this is not meant to be a Q&A forum. Ultimately, we have to make our own choices, but I think it helps if you know you are not alone.
Subscribe to:
Posts (Atom)