In this Video Blog Series Phil is answering questions that have been submitted by readers.
Today’s question is about “What percentage of income should I put aside for emergencies?”
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Phil shares four thoughts that will help you with this planning.

What is an emergency fund?
What types of situations constitute an ‘emergency’?
The financial planning model for calculations.
Where should you [...]

In this Video Blog Series Phil is answering questions that have been submitted by readers.

Today’s question is about “How much money is normal for a kid’s allowance?”

… echoing around many mortgage owners are the words
“til’ death do us part”…

The shocking truth is that many home owners enter their first mortgage without really understanding what it is that they are doing. After all, they are too excited about their new home to stop and consider the lifelong commitment they are making [...]

It would be fair to say the there are rough seas when it comes to money; everyone’s “family ship” experiences the rise and fall of the Worldwide Economic depression in some way. Unfortunately there are always harder times ahead.
But don’t let that worry you. Through this article I aim to share with you two things: [...]

 
Intro.
Thanks to all of you who sent me best wishes for the book conference in Los Angeles.  Mark Victor Hansen is changing the world. He’s an ideas guy who has the momentum, the team, the time and the money to change parts of society for the good of all. His attitude is one of constant [...]

 
Do you guys like reading books?  I do, can you tell?  I’m always quoting books, recommending books, and loaning books to friends.  I have devoured some real pearlers over the summer and they are going to drive my behaviour and personal growth for 2009.  I like to read for enjoyment but I prefer to read [...]

I’m standing here in my kitchen eating my lunch, checking some emails, soing some work on the internet, and watching one of my friends in the US on youtube.  And I got to thinking how good my life is.
 
Yeah, sure there are quite a few challenges at the moment…. and it would be easy to [...]

Actually a mortgage is likely to be more painful than running 400m, perhaps I should have likened it to the 10,000m steeplechase!  You ever watched that race?  The poor athletes have to sprint for 10 km and leap over barriers along the way.  As the race progresses and their legs get tired more and more [...]

Gidday everybody, this is my first entry on my blog.  I won’t make this one long.  But watch out for others….