Category Archives : Save Money

Articles on how to save money


Save 20% On Take-Outs!

I was talking to a friend the other day and I was surprised to learn that he didn’t know this little trick to saving money on food. I always thought this little trick of a money saver was common knowledge but this doesn’t seem to be the case. So today I share with you an easy way to save 20% on your food purchases. In the UK, when buying food from a cafe, take out or restaurant, you always get asked the question “do you want to dine in or take out ?” The answer to this question will determine whether you pay more or you pay less for food. […]


As an Entrepreneur You Need To Pay Yourself First

One of the most important important concepts in personal finance is to pay yourself first. Whilst this concept particular resonates with people who are self employed, many self employed people tend to glean over its importance. Self employed entrepreneurs usually find it difficult to get the balance right between withdrawing money from the business and paying themselves first and keeping the money in the business and helping it grow. But entrepreneurs need to pay themselves first as well in order to gain a sound financial footing and to build their personal wealth. How much should you pay yourself when you’re self-employed? A good rule of thumb that I have heard […]


The Secret Magic Money Box

What if I were to give you a box. A box that magically doubles your money the instant you put money in it. And it doubles again thereafter at each 10 year interval that your money is in the box. How much money would you put in the box? I’m guessing a whole lot. After all, we all love free money. 
Let me let you in on a bit of a secret. We all have that magic money box. It’s called a pension.
Whenever most people pay money into a pension pot, your employer matches that contribution (up to a certain amount). For instance, whenever I put £1,000 into my pension, […]


What Is The Financial Independence Retire Early (FIRE) Movement And How To Obtain It 2

Over the past few years, many of you who are interested in personal finance have come across the FIRE movement. This article will help explain what this movement is all about and how you could be one of the people that follow the movement. What is Financial Independence Early Retirement (FIRE)? Financial Independence and Early Retirement, or FIRE for short, refers to achieving a level of passive income that covers all your expenses and spending commitments allowing you to withdraw from the workforce and retire early. Most people who join the movement hate their jobs and thus aim to create a self-sustaining pile of money that let’s them do whatever […]


You Need To Become A Collector Of Cash Generating Assets

If the 1% had a secret it would be this – they focus on collecting assets that generate dividends, interest, rents and royalties. The collect cash generating assets such as patents, movie rights, property ownership, businesses, equities or farmland. On the other hand, the majority of people focus on collecting ‘stuff’. They always buy liabilities instead of assets and wonder why they never get ahead. It’s time to learn the rules of the game. Its time to learn how money works. What you read, watch and fantasise about the rich and what they actually do are two different things. Most people have this erroneous view that the rich splurge without […]


A Letter From Warren Buffets Grandfather – The Importance Of An Emergency Fund

In personal finance circles, one of the most important actions an individuals should take is to build an emergency fund. This is the money set aside for a rainy day. In is good practice to build an emergency fund before you even start to think about investing. Read the below letter from Ernest Buffet – Warren Buffets grandfather – to see how important an emergency fund is to your financial and psychological wellbeing. Dear Fred & Catherine:   Over a period of a good many years I have known a great many people who at some time or another have suffered in various ways simply because they did not have […]


Money and Life Lessons For New Graduates

With graduation season upon us, now is a good time for me to impart my wisdom on the personal finance and life lessons I have learnt since my graduation. You may think the good times are over but graduation is just the start and their is a whole world out there in front of you. On this note, while many students will graduate, there are some who do not have the right number of credits to pass. Do not worry. Schools now offer high school online courses so students in this position have a chance of graduating, by learning what they need, rather than what they already know. You’ll be […]


The Wealthy Do Have A Secret – They Know How Money Works 3

Many Britons – everyday people working to build a comfortable life – assume the “rich” have a magic formula or some sort of secret. It seems they know something about “how the world works” that the rest of us don’t. If the average person could just figure it out, they’d be wealthy, too. They’d live with less stress, more time, and more money. And money, after all, gives you the freedom to do what you’d like to do. Money allows you to buy your freedom form the rat race. What I found out from reading hundreds of books, studying countless articles and listening to numerous podcasts is that the rich […]


Saving Money Is Good For Your Psychological Wellbeing 1

Copious consumption. This seems to be the trend at the moment. Everywhere I look I see people spending money frivolously. Always updating to the latest version of a smartphone. Always wanting to stay in fashion by buying this seasons clothes. Always wanting a newer car. Always wanting to keep up with the Joneses. Now I am not against consumption. As long as you pay cash, I am fine with that. But that is not what is happening here. All this consumption is being driven by debt as opposed to money people actually have in their bank accounts. This is a worrying sign and it has has led to debt levels […]


CommuterClub Review – How To Get Discounted London Underground Train Tickets and Save Money

As the famous saying goes ‘nothing is certain but death an taxes.’ It seems that we now can add a third item to the list, increasing train prices. It simply amazes me to see how rapidly train prices go up every year. And with every passing year, more and more of my hard earned money goes towards paying higher costs on the underground. The only way to reduce your travel is to buy an annual ticket which are usually priced at a discount of 15-30% compared to tickets that are bought on a monthly or weekly basis. But let’s face it, no one has the money to pay over £1,000 […]