Category Archives : Save Money

Articles on how to save money


Investing Small Amounts Adds Up – £70 A Week To Be A Millionaire

One of the biggest reasons people think as to why they are unable to invest money is that they have too little of it to put to work. They suffer from the misconception that you need to start socking away thousands of pounds a month in order to make it worthwhile. If they don’t have this kind of money, it is not worth it. If they don’t have this money, why even bother. I have written before in a post tilted Everybody Starts Small why this is simply untrue.   Yes once upon a time you had to be rich in order to invest on the stock market. But that […]


Why Everyone Needs Financial Freedom – When Catastrophe Strikes


Financial freedom is important. But not many people seem to realise it. Even if you have no intention of escaping the rate race and quitting your job, I would argue that everyone needs to earn enough passive income to cover their expenses. For who knows, your world as you may know it might end tomorrow just by one silly or reckless mistake.   Think this is impossible? Just look at the anchor woman fired over a Facebook post. The man let go from his apprenticeship at a Cleveland-area real estate firm after a tweet. The women fired from her job before she even starts it after a tweet. And the […]


The Average UK Worker Can Retire With a £1 million Pension Pot

Aviva, the insurer and pensions provider, says that millions of people earning less than £27,500 risk facing retirement on a pension far less than £15,000, which is the equivalent of the national living wage today.   And Aviva isn’t the only insurer and pension provider with this damning statistic. A number of pension companies have warned that millions of people are at risk of retiring on incomes far less than the current national living wage. This is a damning statistic. In short Britain appears to have a retirement crises. The destruction of defined benefit pension plans did nothing to help this.   Yet I still think most people can retire with a […]


The Average UK Worker Should Be Able To Save £10,000 A Year

When it comes to our savings, one thing’s clear – 1 in 3 Brits are living dangerously close to the edge. The Money Advice Service recommends keeping three months’ essential outgoings in savings to cover an emergency or unexpected bill. However, just under a third of people in the UK have less than £1,500 in the bank, and 15% of people have no savings at all.   In fact, there is an even more damning statistic. Over half of Brits do not add to their savings on a monthly basis.   Looking at the above, it may seem impossible for many to save £1,000 a year let alone £10,000.   […]


Get Rich Without being Lucky – Naval Thread

Twitter if used correctly, can provide you with a treasure trove of information. One person who keeps putting out gems is Naval Ravikant. If you do not follow him yet, I urge that you do. One of his recent threads that has gone viral is on “How to Get Rich (without getting lucky)”. With the man himself permission, I copy the thread below for your enjoyment. Seek wealth, not money or status. Wealth is having assets that earn while you sleep. Money is how we transfer time and wealth. Status is your place in the social hierarchy.   Understand that ethical wealth creation is possible. If you secretly despise wealth, […]


The House That Vanderbilt – How To Destroy Wealth

This may seem like a strange title. Why would anybody want to destroy wealth? But if legendary investor and Warren Buffets business partners – Carlie Munger – has taught us anything, it is always to invert. Inverting a problem is to solve it backwards rather than forwards.  Rather than asking, “What’s the best way to keep wealth?”, we should ask ourselves , “What’s the best way to lose wealth?” That way we can we can avoid all the things that lose us money. The Vanderbilt’s provide a classic example of how fortunes can be lost. The book written on them, Fortune’s Children: The Fall of House Vanderbilt, is well worth […]


Saving Is More Important Than Investment Returns Early On

I can summarise this post in one sentence. When Starting out, your savings rate is more important than your the rate of return on your investments – but later on when your pile of money is bigger, your investment returns matter far more. That is it. If you truly understand this statement, you can rapidly build your net worth over time. You can now close this article and be on your merry way. But for those of you who want to understand more and want they dynamics of how this works, read on. To understand this concept, have a look at the following: A 8% return on £1,000 is £80. […]


Is a Money Transfer Company Right for You?

Transferring money abroad is a necessary part of life for many people. Whether you’re an expatriate transferring money to foreign accounts, or you need to get funds to family or friends who are in another country, money transfer is a process you’ll become familiar with quickly. Many people use traditional brick-and-mortar banks for money transfers, but they often aren’t the best option. Banks have high fees, and you often will run into slow transfer times. If you’re needing to transfer money abroad with any regularity, you might look at money transfer companies as an option. How Do Money Transfer Companies Work? A money transfer company can work in one of […]


A Good Financial Independence Story

One of the things I enjoy doing in my free time is reading about Financial Independence. Stories from people who have already achieved financial independence are of particular interest as it reignite my fire within and keeps me motivated on my own journey. A post I read recently was particularly inspiring. The author, who lives in Toronto Canada, breaks down his life into 11 stages and shows how he built a six figure passive income portfolio before he turned 50. What is particularly great about this post is that the author only started investing in dividend paying stocks later in life. In fact, he made a lot of financial mistakes […]