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  • Home
    • About Alan
    • About Katie
  • Extraordinary
  • Start Here
  • Podcast
    • Podcast Season 1
    • Podcast Season 2
    • Coaching Series: Christina
    • Coaching Series: Jaymie
    • Coaching Series: Andrew
    • Coaching Series: Keith
    • Stats and Feedback
  • Rebel Finance School
    • FIRE
    • Investing
    • Millionaire
    • Retirement calculator
    • Fees
    • RFS Financial Forecasting
    • Deciphering a Fund Fact Sheet
    • Return on Equity Calculator
    • VTSAX
    • Debt Petition
    • Financial Independence YouTube Series 1
    • Disclaimer
  • Blogs
  • Contact
    • FAQ
    • Press
  • The Extraordinary
    • Introduction
    • Chapter 1 Extraordinary
    • Chapter 2 We are where we are!
    • Chapter 3: If you want different results do different things
DONEGANS
  • Home
    • About Alan
    • About Katie
  • Extraordinary
  • Start Here
  • Podcast
    • Podcast Season 1
    • Podcast Season 2
    • Coaching Series: Christina
    • Coaching Series: Jaymie
    • Coaching Series: Andrew
    • Coaching Series: Keith
    • Stats and Feedback
  • Rebel Finance School
    • FIRE
    • Investing
    • Millionaire
    • Retirement calculator
    • Fees
    • RFS Financial Forecasting
    • Deciphering a Fund Fact Sheet
    • Return on Equity Calculator
    • VTSAX
    • Debt Petition
    • Financial Independence YouTube Series 1
    • Disclaimer
  • Blogs
  • Contact
    • FAQ
    • Press
  • The Extraordinary
    • Introduction
    • Chapter 1 Extraordinary
    • Chapter 2 We are where we are!
    • Chapter 3: If you want different results do different things

Blog

Welcome to Alan Donegan's blog.  Start reading for help investing, financial independence, life style design and many mini-experiments!
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    Author

    Alan Donegan: Rebel Business School Co-Founder, Rebel Entrepreneur podcast host, Rebel Finance School co-founder and Queen's award winner.  Marvel movie fan fanatic, breakfast lover and financial independent traveller

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How do I calculate my savings rate?

29/6/2022

 
How much of the money you earn do you save and invest? Do you save any of the money that you earn each month? 

The average savings rate in the United Kingdom is 6%. In the USA it is 7.9%. Do you know if you are saving more or less than that?
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Do you save more money than the average person? Do you save less money than the average person? Do you know how much you’re saving?

Your savings rate is one of the key indicators of when you can retire! Knowing this number you can predict how long you have to work in paid employment. We can predict your retirement date based on this number. 

Created 11th August 2020. Updated May 31st 2022. Updated 19th June 2022

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How to track your finances

19/6/2022

 
The sun is shining with clear blue skies over Lake Chelan in East Washington State.  Katie and I are sat at Cambell's Resort where we have come for a friend's wedding.  

It is the last day of the month and you know what that means?  Month end and our monthly finance meeting!  Katie and I get excited for days beforehand and planning our monthly finance meeting! 
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One of our highlights of the month is the monthly finance meeting. Katie and I get excited days beforehand, and actively spend time planning our monthly finance meeting. We find a cool location for a wonderful breakfast or brunch, open the spreadsheet and input the numbers and work out which direction our finances are going in!

This is the exact opposite of most of the population who don't like to look at their finances at all; scared of what they might find.  Your average person uses the "bury your head in the sand strategy" to manage their finances; with an occasional peek at the current account to see if they can afford things.  

If the saying "what get's measured; gets improved" is true; then why are so many people so scared of looking at their personal finances??

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Is it risky to invest in the stock market?

15/6/2022

 
People think I am a huge risk taker.  I remember being sat in a Rebel Business School event talking about starting businesses and one of the participants said to me, "It's alright for you, Alan; you are a risk taker!"  I was shocked as this is not how I see myself.  I see myself as quite risk averse; I don't like big risks with my money, with my business or with my life.  I like to play it safe in so many ways.
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This got me thinking, "Am I a risk taker?"  What does the rest of the world see as risky that I see as the safe bet?

Do you think it is risky to start a business?  Do you think it is risky to invest in the stock market?  Do you think the safe thing to do is to get a job and stay there for the rest of your life?

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DONEGAN

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