Tag Archives : Financial Tips


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 3

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! 4

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 […]


Simple Tricks To Save Money On Buying a Car

Everybody loves spending money on cars. Many of us like to think that cars are intertwined with our identity and depict our status in society. With this mindset, people spend frivolously on cars stretching their budget to the absolute maximum. But cars are the absolute worse investment you can make. If you buy a brand new car and you drive it off the lot, the moment you drive it off the lot, it has gone down in value at least 30%. So say you buy a £30,000 car. You drive it off the lot, you go round the corner and you bring it back. The dealer will give you back […]


How To Get Free Alcohol For Life With Diageo (DGE)! 6

If you stumbled upon a magic lamp and the genie inside gave you three wishes, I bet one of those would be free alcohol for life. Alcohol takes up a good chunk of many peoples disposable incomes and this leaves them dreaming about having their own brewery and getting free alcohol for life. I didn’t used to think that ‘free alcohol’ was possible until a friend of mine showed me exactly how he lets his favourite drinks maker get the rounds in. In this article, I will show you how my friend got his favourite drinks company, Diageo, to give him money to buy his favourite bottles of alcohol. Many […]


The Myths and Realities of Debt

Debt is a topic that brings about much confusion and debate. Some people say that debt is beneficial as it can be used as leverage in building wealth, whilst proponents against debt say that it can lead in you in a downward spiral in your financials life. So this articles looks to debunk the myths and bring out the realities of debt. Myth: Debt is a tool and should be used to create prosperity Reality: Debt adds considerable risk, most often does not bring prosperity and isn’y used by wealthy people nearly as much as we are led to believe. The myth has been sold that we need to use […]