Alan Donegan's Blog

What if: independence first or finance first?

16/10/2020

 
What if you could find true independence next week – not next decade?

This is my first ever guest blog and I am so excited about it!  It's also the first blog about entrepreneurship for a while. Anyway Alan give William the stage! Welcome William Wadsworth. 
William Wadsworth
The road to freedom on a cold winter's day in North England... is it any wonder so many Brits aspire to retire to Spain?
This photo was taken on the exact spot where, in Spring 2018, and over the course of about 200-300ft or so of run, my life totally changed. The “a-ha” moment came while stumbling across Alan Donegan for the first time on a podcast.

Nine months later, I quit a 100k / year job, never to return.

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How do I calculate my savings rate?

11/8/2020

 
Do you know how much you are saving of the money that you earn every month? Do you save any of the money that you earn each month?

The average savings rate in the United Kingdom is 6%. Only 6%!
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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

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How to live for free: FOREVER!

4/8/2020

 
Over your working lifetime how much money have you earnt? From the fruits of your labour how much of that money have you kept?  What are you left with at the end?

Katie and I were doing an exercise this week to see how much money we’ve actually made in our lifetime and how much money we have left. Interestingly we discovered that we have more money left at the end than we have actually made in our lifetime!
Alan Donegan writing
Alan sat working out his future
How can this be possible? How can we have more money than we earnt? Does that mean that we have lived for free for our entire life so far? Is this normal? Could you do the same? Do you have anything to show for your years of labour?

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How much are you worth?

3/8/2020

 
I know; you are priceless.  Just like the rest of us!  That isn't quite what I meant.  Actually there are a lot of answers to this question.  When you start a business there is a decision of what to charge (your worth), there is a self-confidence answer (self-worth) and there is a personal finance answer of your net-worth.

Can you confidently tell me you net-worth in £GBP or $USD?
Alan Donegan pockets stuffed full of cash
Do you know your net-worth?
How do you calculate your net-worth?  The first step to change is to take a good look at where you are right now.  If you don't know your starting point it is difficult to know if the change you are creating is moving you in the right direction or not.  If you can't clearly give a £ or $ figure for your net-worth then this article will help you figure it out.

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Donegan Update: 2020 Part 1

25/7/2020

 
Where you expecting to be where you are today?  I am sat on the deck having a coffee in a beautiful English Garden in Sandhurst, Berkshire.    I have time to write my blog, work on my podcast and keep fit but this is not where I thought I would be.  This was not the plan......
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Sat in a charming English Garden is not where the Donegan's expected to be in 2020!
As you know I like to write articles about Financial Independence, business and positivity.  But occasionally I write about what is going on with me to share the ups and downs and hopefully inspire you

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Take Control of your Finances!

5/7/2020

 
Where did you learn to manage your money? School? Books? Family?  Did you ever learn?

I don't remember learning anything particularly useful about finance at school.  I did economics at college but that didn't teach me anything I could particularly apply to my personal finances.
Alan Donegan burning £50. Personal finance. FIRE
How good are you at managing your finances? Does it feel like you just burn through money faster than it comes in?
I use supply and demand theory in my business to this day ​but no one taught me about personal finance. I learnt through books, courses that I paid to go on and through trial and error; the good old fashioned way.  I have paid a high price for the skills I have developed and I think it is time I gave it all away for free...…...

I have been doing that with entrepreneurship for the last decade now. Giving away the course I wish I had when I was launching my business.  Katie and I have decided to do this for personal finance next. 

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Financial Independence in uncertain times

20/6/2020

 
The market has crashed!  The Zombie apocalypse has happened!  Life is ending!  Who gives a #?@! about investing and financial independence? 

I would ask is there a better or more important time to take control of your finances? 
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What do you do in uncertain times? You don't panic that is for sure!
If you finances weren't in a good state when Covid hit this situation probably did nothing to help.    So many business and families lost their income overnight and they weren't prepared for it!

The people that benefit the most from the opportunities arising from Covid19 are the ones that are in the best financial position.  

​Now is the time to take control of your finances and set yourself up for the future

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Self-care 101 - how to start looking after yourself

5/6/2020

 
Have you ever worked till you get ill? Have you ever been so stressed you lose sleep and feel sick? Do you stop and take time to look after yourself?

Historically self-care is something I have been epically bad at doing.   In my mid-30s it became more of a priority and I learnt a few painful lessons.
Alan Donegan
Alan passed out on the floor! Remember to rest before you fall over and can't see!
This is the first in a series of posts about self-care, what I have learnt that you can use and tips & tricks to keep you on tip top form.  

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4% Rule Questions - Retirement

26/5/2020

 
A few weeks ago I wrote a post "How much does it take to retire?".  This particular post sparked a lot of questions and comments that needed addressing! 

There is so much mis-information and bad advice out there I wanted to give you my perspective!  And it is only my perspective! Read with a pinch of salt!
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So here are all your questions about the 4% rule, early retirement and financial independence answered!  Let's jump straight into "How much does it take to retire? The Q&A" with Alan...…..

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Your relationship with money

8/5/2020

 
How is your relationship with money?  Do you have a relationship?  If money was personaified and sitting accross from you right now what would you want to say to her?

Money plays such a major role in all our lives but have you ever really considered the current state of your relationship with it?
Alan Donegan - Money Relationship
When you hold money how do you feel? How is your relationship with cash?
For many years I had a bad relationship with money and it took a lot of work to overcome that and find a new love for our friendship.  Read on to work through your relationship issues!  If this scares you then remember changing your relationship with money will change your results with it...……..

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    Alan Donegan: PopUp Business School Co-Founder, Entrepreneur, Financially Independent Pizza Lover, Marvel Movie fan and soon to be Script Writer

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I built this website to share the life lessons I learn along the way, the cool stories, the adventures, the amazing people and everything I learn from all the stupid mistakes I make!  If you want to keep up to date then stick your email in below.  I promise to never share your email address or spam you!  Alan

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  • Start Here
    • Financial Independence
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    • Press
    • Press Coverage
  • Disclaimer