Tag Archives : Financial Tips


The Wealthy Do Have A Secret – They Know How Money Works 2

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 […]


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 […]


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 […]


Nutmeg Performance Review – 2 year results 2

Almost two years ago to the day, I started my investing journey by opening up my first ever stocks and shares account with nutmeg. As a novice investor who knew nothing about the stock market, Nutmeg seemed to be the perfect choice. The platform creates professionally managed portfolios based on your risk profile all for the low cost of 0.95% of your assets under management. When I initially joined nutmeg, I was optimistic with expectations of receiving returns of about 7% per annum, the market average. Whilst the fee of 0.95% would certainly eat into my returns, I believed the professionals working at Nutmeg would be able to use Tactical […]


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 […]


Early Investment Mistakes – Kim Iskyan Edition

We all know that investing is a tried and tested route to wealth creation. But whilst most people think they will will make great investment decisions from the get go, it is far from the truth. In reality, investors tend to make a disproportional amount of mistakes when they just start. This by no means should put you off. Even the greatest of investors like Warren Buffet and Peter Lynch admit to making huge mistakes in the initial phase of there investment careers. Mistakes can be a good thing if you learn the lessons and carry them on board for the rest of your life. One really good piece I […]


When is Investing a bad Idea – Paying Debt Vs Investing

Regular readers of this blog know that I encourage readers to invest pay themselves first and invest the money. Investing has the ability to grow your wealth exponentially through the power of compounded returns. I believe that everyone should be invested a set amount monthly if they want a safe and secure future. Having said this, there are certain people who should definitely stay away from investing. If you have Credit Card debt, investing money is possibly a bad idea. If you are one of these people that have wracked up credit card debt, then it makes no financial sense for you to invest money. Most credit cards charge over […]


I have £X, what do I do with it – A step by step guide 1

One of the most common questions in the personal finance space goes something like this: ‘I have £X, what should I do with it?’. When people receive a lump sum in the form of a gift or inheritance, they usually don’t know what to do with it. This is because they have never been in a position of having that much money before and are afraid they might lose it. This post aims to give a step by step guide for those looking on guidance on what to do with a lump sum receipt of money. The guidance below is general nature and you may have to tweak it to […]


Cashflow Makes You Rich 2

In Personal Finance as in business, the only thing that really matters is how much money is combing in. Cashflow is king and there are no two ways about it. Understanding cashflow – the money you bring in against the money that goes out – is a great tool in the locker of you becoming wealthy. Having more money come in than go out and investing the difference is a great way to become very wealthy over time. This sounds simple but many people don’t abide by this simple rule. One of the reasons is because they don’t truly appreciate the power of positive cash-flow and wonders it can do […]


Pay Yourself First is the Key to Wealth! 3

All fundamental wealth begins with paying yourself first. Unless you are going to inherit the money or win the lottery or get lucky somehow, all fundamental wealth and financial security begins when you decide to pay yourself first. You need to decide that when you go to wrk, the first person that is going to be paid is you. Not the government, not the credit companies but you. Once you make this decision, that is when it all changes. Pay yourself first is the idea that that you should routinely and automatically put money into a savings account before anybody else gets their hands on it. This means that you […]