Tag Archives : Financial Improvement


Fear Of Missing Out – Investors Worst Nightmare

One of the biggest detractors to investment performance is FOMO or Fear Of Missing Out syndrome. This is when you make an investment, whether it be stocks or any other asset, simply because you do not want to miss out on the possible gains it makes. You do not want to miss out on the gains therefore you buy something out of fear of missing out as opposed to being rational and looking at the numbers. Buying assets just because you fear missing out on the gains does sound stupid but it occurs more often than people like to admit. It happened in the dot-com bubble where people were investing […]


The 5 Models To Know If You Want General Worldly Wisdom – A list by Charlie Munger 1

Charlie Mungers philosophy on worldy wisdom is one of the best articles I have ever read. For anyone looking to be better than average, both in a stock picking sense and a wordly intellectual sense, I urge you to read the full article below. I would even go as far as bookmarking this page and having a re-read of the article every once in a while. It is that good. Below is a summary of the piece but do read it in its entirety to appreciate the full wisdom Charlie Munger imparts. Models to to learn for general worldy widsom: Mathematics – basic arithmetic and algebra, decision trees and the […]


Let Capitalism Set You Free – Move from Employee to Owner

There seems to be an ever increasing tide of bias against capitalism. People are increasingly becoming of the view that capitalism doesn’t work. But what they don’t realise is capitalism has allowed people on benefits today to have a better quality of life than the richest man on earth 100 years ago. Think about this for a second. When capitalism took over communism as the default world economic mechanism we saw an unprecedented amount of technological and productivity improvement. Without capitalism we probably wouldn’t have cars, planes, mobile phones, the internet, costa coffee or much else that we love. When people talk against capitalism, they don’t mention the benefits it […]


Vodafone Stock Purchase – Buy Shares In A Company Instead Of The Product

When I was growing up, I was fascinated by technology. I just loved gadgets and always wanted the shiny new thing. As I grew older and technology advanced greatly, my fascination only grew and I was caught up by the hype surrounding mobile phones. I remember that from the age of 17 to 22, I had a new smartphone every year. And we all know how expensive the latest versions of I-phones, Galaxy’s or HTC’s can be. Add the cost of a 12 month contract and all of a sudden having a new phone every year becomes an expensive habit. Whilst getting a new phone is fun and exciting, the […]


How Much To Save To Become Rich 2

We have all heard that paying yourself first is the best way to become wealthy in our society. Whilst we all know the merits about paying yourself first, many people do not now exactly how much money to set aside to pay themselves first. So is there a magic number? You hear people asking themselves this question all the time How much do I need to pay myself first? So here is my formula on how much you should pay yourself first. You don’y have to agree with it but just have a look at it. Whilst I know everybody is different and people have different circumstances, I am just […]


The Number 1 Rule Wealthy People Live by

There are countless articles online that show what the wealthy do differently as compared to the rest of us. Most self made millionaires have similar characteristics with one another and this research has shown has allowed them to be successful and wealthy. Some of these traits include: setting goals, networking, avoiding procrastination, actively reading, never giving up and having a mentor. Whilst all these characteristics are important if you want to become wealthy, I believe that there is one thing in particular people need to do if they want to become rich – Live Within Your Means. Wealthy people have been able to build up their bank balances because they […]


What Percentage (%) of your Income should you Pay Yourself First?

We have all heard that paying yourself first is the best way to become wealthy in our society. Whilst we all know the merits about paying yourself first, many people do not now exactly how much money to set aside to pay themselves first. So is there a magic number? You hear people asking themselves this question all the time How much do I need to pay myself first? So here is my formula on how much you should pay yourself first. You don’y have to agree with it but just have a look at it. Whilst I know everybody is different and people have different circumstances, I am just […]


Front-Load your Pension and Your Life – Saving in your 20s is the greatest pension trick

Pensions savings seem to be all the fuss of late. Many people in their 40’s and 50’s have come to realise that they have just not saved enough and will have to put off retirement for a few years in order to work and save more. Even though these people are socking away thousands a month into their retirement accounts, they have found that it is not enough. The biggest reason for this is they did not start early enough. They have not let time do the hard work by compounding their returns. Did you know that those who save for just 10 years, between the ages of 25 and […]


A simple and free way to increase your credit score 2

We all know how important a credit score is why it is vital to have a high score. I have written before on ways to increase your credit score (LINK). But if you want a quick and easy way to increase your credit score, read on. One of the key factors that influence your credit score is the level of debt / credit utilisation (about 30% of total equation). A credit utilisation ratio shows how much of the available credit you currently use – the capacity used. So if you have a credit line for £1000 and currently have £500 outstanding, your credit utilisation is 50%. When it comes to […]


Foreign Currency Exchange – Should you look at Buy or Sell rates?

One of the things that has always troubled me is not knowing whether to look at the buy or sell rates when I wan’t to change money. Undoubtedly, they are many other like me whose brains seemed to get scrambled at the sight of a foreign exchange money shop. So for all those people who get confused on whether to look at the buy rate or sell rate when visiting a foreign exchange dealer, this article is for you. If you want to change your home currency to a foreign currency before you go on holiday, look at the ‘we sell’ column. So if you live in the UK and […]