Tag Archives : Financial Tips


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 […]


Invisible Spending is Keeping you Poor! 1

A recent article by Aviva states that the typical UK adults spends an average of £18.23 a week on invisible items. The terms invisible spending refers to  the small and ‘almost invisible’ amounts people spend on a regular basis without paying too much attention. This includes items such as coffees, shop-bought lunches, impulse treats like sweets and chocolates and  post-work drinks. Whilst £18.23 a week may not sound like a lot, it sure does add up. Over a year, the total invisible spend is £947.96 and over a working lifetime – between ages 18 and 68 – this could stack up to a staggering total of £47,398 per person, before […]


Should I Save or Invest Money?

Saving and investing both form an integral part of your financial plan. It is important to have some money set aside in cash (savings) as this is very useful for unforeseen events. A portion of your money should also be put away for investment purposes as you want to make your money work for you and grow over time. My personal rule of thumb is that you should save at least 8 month worth of expenses in cash and then invest the rest. Your apportionment may be different as it will dependent on many factors such as what your goals are, your attitude towards risk and when you need the money. With Savings […]


The Wonderful Feeling of Owning Stocks in Companies 3

I’ll never forget the first time I got dividends paid into my brokerage account from the first shares I ever bought. To say it was a wonderful feeling is an understatement. The thought occurred to me that being a part owner of a company is so much better than being an employee where you work your socks off for the benefit of someone and else and always have the worry of being laid off. It was passive income at its best. The first dividend payment felt like a whole new way of viewing the world. Even though the amount i received was small, the impact it has had is priceless. […]


Check your financial health with these 5 numbers

Are you trying to check your financial health? It’s not as simple as how much money you have in the bank. You could have thousands of pounds in the bank and still be off-track if you have bad money management skills. Some questions that you may ask yourself could be do you have enough Money till payday? Can you financially afford to pay your monthly expenses? To gauge your financial well-being, you need to work through a number of ratios and figures. essentially, they boiled down to these five: 1. Credit Score Credit scores are becoming more important by the day. Credit scores in essence are a gauge of your […]


How to Know if an Investment is Good Value? Use the rule of 72. 1

Have you ever looked at an investment opportunity and thought “How long will it take me to double my money at a given rate of return?” The Thumb rule of 72 comes in handy here as it gives a quick answer. Just divide 72 by the rate of return and you have the number of years it takes to double your money, roughly. For example, if the interest rate is 3%, your money doubles in about 24 years (72/3 = 24). The rule of 72 is quick and easy tool that can help you weigh your investment options.   . Please like & share:


If You Don’t Know How to Invest, at Least Start Saving! 1

How many times have you heard someone say this or told yourself any of the following: “I can’t afford to lose any money I don’t understand how the market works I don’t have enough money to invest I don’t have time to track my investments Investing is risky “ Probably too many to remember. Whilst these types of statements naturally deter people from investing, it has the ill effect of discouraging  people from saving as well. Investing can be intimidating for beginners and that’s why they put it off. The above reasons are all good reasons not to invest (If you have no clue, stay out the market). But the above […]


5 easy ratios to look at before buying stocks and shares

In a previous article, I looked what trends and fundamentals to look at before buying a companies stock. This article will focus on five ratios you need to look at before buying into any business/stock. As we are looking at ratios, this article involve some math. It als involves thinking hard about rather abstract ideas. The ratios found below are a nearly foolproof way to evaluate the quality and the value of any business. This ‘five-part test’ will allow you to quantify, with reasonable accuracy, exactly what makes a given business great, average, or poor. This knowledge will allow you to make vastly better and more-informed decisions about what any […]


Should you keep your savings for retirement in cash?

If you are reading this, it means that you have already crossed one big hurdle. You have already started saving for your retirement! Well done! The next big question is: are you saving in cash or are you investing the money? A recent survey has shown that many people saving for retirement are leaving all their savings in cash. Many have become risk-averse. And I don’t blame them as many saw their shares halve in value during the financial crises. This left them with a bad taste of the stock market and has led many to stop investing altogether. Many are now keeping all their money in cash for fear […]