Norma Walton discusses how Charles Dickens’ financial management advice from 1850 is still relevant today, particularly the wisdom of Wilkins Micawber from Dickens’ novel David Copperfield.
Norma Walton discusses four examples of how you can increase your income to ensure earnings are greater than expenses. She also gives some suggestions so you can create your own list of potential income earning activities.
Charles Dickens wrote David Copperfield in 1850. In it, he introduced a character named Wilkins Micawber. Wilkins said something incredibly wise yet incredibly simple:
Income 20 pounds
Expenses 19 pounds
Income 20 pounds
Expenses 21 pounds
That concept is fundamental to financial management. If your income does not cover your expenses, you will struggle in life whereas if your income does cover your expenses, even by a little bit, you will generally be happy financially.
When I apply that concept to my own life, I realize that I either have to earn more income or reduce my expenses when I am not in balance. The key is to make more or spend less.
Charles Dickens was right!
Norma Walton talks about the eight reasons that receivership sales are always at a discount. She draws from her own experiences and observations of receivers and how they operate and the effect the receivership process has on property values.
On this episode of Norma Walton Talks, Norma Walton discusses her views/opinions on why Toronto needs a new home lender. The majority of the population doesn’t fit into the even shrinking box of expectations/requirements to qualify for a traditional bank mortgage. “Square peg, round hole.” What do you think? Let her know in the comments section – as always please #TalkBack.
This episode of Norma Walton Talks discusses the benefits of slow and steady. She tells her subscribers the four slow and steady methods to a healthy financial life. Check it out and perhaps a year from now you may be better off (financially). As always please talk back! 😀
On this episode of Norma Walton Talks, Norma Walton talks about way you can save money (or perhaps even make money) by sharing your space. Maybe you have extra space in your house or outside of your house like your garage or a shed. Maybe you own or lease office space or industrial space that you can share? Maybe you’ll be out of town for the weekend/week/month or longer and AirBnB is an option… there is so many ways we can share our space and benefit IF we can get past the whole “this is mine and I don’t want to share it” mentality. Do you have any other tips or way to share and save? Please #TalkBack and share those thoughts, ideas or even disagreements with me. Thanks
Norma Walton talks about kid size money sense and how her family works together to teach their children a healthy financial mentality. Have and tips or tricks of your own? Please talk back! 😀
Norma Walton talks about “How Much is Enough.” When you’re looking at your finances and lifestyle, how much money is enough money? What factors do you need to take into consideration? Here are the top five in my opinion. As always, thank you for watching, for sharing your opinions and thoughts, and for subscribing to my channel.
Past video about how to use “Rental Real Estate to Fund a Comfortable Retirement”: https://normawalton.podbean.com/e/norma-walton-talks-rental-real-estate-funds-comfortable-retirement/
Norma Walton talks about how having a rental real estate property is a great way to help you fund your retirement in a relatively passive way. Let her know what you think. Any other ideas or thoughts to add to this? Let her know in the comments section. Thanks for listening. 🙂