MoneyMind Lab

20/05/2023

“Money makes the world go round" like Liza Minnelli sang in the 1972 Cabaret movie.

Money is a ubiquitous part of our daily lives.

But what is money, really? Is it piece of paper or a digital entry in the bank account? Or something else? Let's explore...

20/05/2023

MINDSET MATTERS

I'm a firm believer that everything starts with the right mindset.

Scarcity and negative mindset
🚫 Holds back
🚫 Limits
🚫 Prevents actions
🚫 Cultivate stagnation

Abundant and positive mindset
✅️ Motivates
✅️ Empowers
✅️ Takes action
✅️ Unlocks potential
✅️ Stimulates growth

24/04/2023

If you're barely making ends meet, it can feel like you're stuck in a trap and powerless to break free. While it can be difficult to end the cycle of living paycheck to paycheck, there are actionable steps you can take to slowly start saving money.

✍Pay yourself first
✍ Live below your means
✍ Create a budget
✍ Renegotiate your bills

24/04/2023

The Reserve Bank of New Zealand announced the 0.5% increase in OCR. This brings Official Cash Rate to 5.25%, which has been the highest rate since December 2008.

Here are some thoughts on what OCR increase might mean to you and how to prepare.

24/04/2023

I just finished reading "The Psychology of Money" by Morgan Housel.

Here's 7 Lessons from the book you are gonna want to hear and learn:

1. Luck and Risk are siblings
2. Having enough is crucial
3. Staying wealthy is not the same as getting wealth
4. The desire of freedom is what drives us to become wealthy
5. No one is impressed with your possessions as much as you are
6. Save money
7. Be reasonable more than rational.

24/04/2023

Being an accountant, I LOVE checklists.

Let me share this Personal Finance Checklist with you.

It might seem like heaps to do all at the same time.
Don't worry. If you are doing at least one point from the checklist, this is amazing! You are already on the right pathway towards you financial wellbeing.

Keep going and use this personal finance checklist to ensure you are taking the right steps towards your money goals.

26/03/2023

What is a nomadic mindset?
What skills could we learn on our nomad journey?
Where in life the nomad spirit could bring us?
Where is home?

Rimma Gaifullina is answering above questions through her personal life story at the below blog post.

It is a freezing February night of 1985 in a small town at Ural Mountains in Soviet Union. A 9 months pregnant woman is climbing the truck. The driver is 18 years old soldier. He is terrified to st…