Category Archives : Save Money

Articles on how to save money


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 reignited 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 […]


The Benefits of Financial Freedom (FIRE)

The Financial Freedom Retire Early (FIRE) movement seems to be slowly creeping into mainstream media. Just yesterday, there was an article in the Guardian regarding this. Whilst FIRE getting more mainstream attention is good, I don’t think the world is ready for this movement just as yet. To see what I mean, just go and have a look at the comments section of the Guardian article I mentioned earlier. It looks like the majority of readers simply can’t comprehend the idea of financial freedom. Most of the comments are negative. People want an easy fix to their problems and attaining financial freedom is hard work as you need to save […]


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, […]