Congratulation Mr Obama. The world awaits your first move

If I had already made my millions there’s a fair chance that that money would have been tied up in property and shares, which made me think of the affect the credit crunch has had on high net worth individuals.

I wonder what fallout there has been in the personal finances of the rich and famous? Surely their money is also tied up in stocks, shares & property.

I wonder how many people on the verge of making their millions have taken a nasty hit that put them right back to the start?

The Times reports today that UK mortgage approvals are up for the first time in over a year according to the BoE. Mortgage lending beat the national forecast last month after a record low in August.

33000 mortgages were approved in September, 1000 more than in August, the first rise since July 2007.

I’ve been thinking about what I earn a lot lately and it’s playing on my mind. I’ve always been quite competitive but I’ve recently being getting overly consumed with my earning ability.

I’m approaching my 30’s and earning the best part of $60k, but I can’t help thinking I should be earning more. I know there are plenty of people earning less, but I’m increasingly seeing more and more of my peers hit the $100k mark.

Am I just being silly, greedy and paranoid . . . or should I be pushing harder?

So what’s FinanceLife all about? It’s my personal blog where I’ll simply list my musings on my personal financial situation. I’ll keep a basic expense tracker to track my daily spending and generally keep track of what’s going on in everyday life.

I’ll also muse over various financial issues when i’m choosing certain financial products. Anyway – I’ll leave it for now – I’ll be back soon!