Tag Archives : wealth


How to Become Rich on a Middle Class Salary

Many people will lead you to believe that the only way to become rich is by inheriting a large sum of money, winning a lottery getting lucky in the Euromillions or starting a tech start-up and selling it for millions. Whilst those ways do make your rich very quickly, the chances of you getting rich that way is very slim. On the other hand, if you have good savings and investing habits, the chances of you ending up rich dramatically increase. The road will be longer but that the the trade off for the certainty you receive in following that approach. With this approach, a person earning the average UK […]


How much money you would have if you invest $1 a day

Have you ever wondered how much money you would have if you invested $1 a day since you were born? I certainly have and I got really excited when I stumbled upon the ‘dollar a day’ calculator over at the stockchocker website. The calculator lets you put in your birthday and shows how much money you would have if you invested one dollar a day in the US market. You an sole play around with it to see how much you would have if you started investing on your 18th birthday or since you started working full time. What is amazing is that I currently have more money in my […]


How Much Tax you Really Pay on a Purchase – Your Tax Rate is Higher than you Thought!

Apart from debt, on of the greatest stumbling blocks to building wealth is taxes. Don’t get me wrong, I do believe that tax is the price to pay for living in a civilised society. But the amount of tax we pay is way too high. Look at Corporation Tax for example, it is a tax on a tax on tax. Every company in a supply chain has to pay tax and this means that at every point in the supply chain, prices get jacked up by the current corporation tax rate of 20%. Look at the following illustration to see what I mean: If you go to a furniture store […]


Want to live as good as any billionaire? Buy this one thing

Most of us would love to live like billionaires. Billionaires can buy anything they want without having to worry about the cost. They live lives many of us can only dream of. But I can teach you a way of spending 1/3rd of your as well as any billionaire does, and it needn’t cost you that much. If you want to live as good as a billionaire for one-third of your life, buy a comfy bed. We all have to sleep, weather we are MC Hammer broke or Bill Gates rich. You see, most people who sleep the recommended 8 hours a day will spend 1/3rd of their life sleeping. […]


Find out if you are part of the 1%

Many people have a misconception about the global 1%. They think 1 percenters live in big houses, drive fast cars and holiday on private islands. Well, this couldn’t be further from the truth. According to http://www.globalrichlist.net/, if you earn over £25,300 a year, you are part of the global 1%. Yes, that’s right, £25,300 of net after tax income gets you into the 1% club! If on the other hand you believe that the 1% should be determined by wealth as opposed to income, the Global Rich List websites computes this as well. By entering your country of residency, equity in your home, value of your possessions and investments, the […]


Why Don’t You Buy More Money? 10

Money problems. We all have it. Money always seems to disappear out of our bank accounts faster than it comes in. We are always short of money and it is strange that when we are in this situation, we don’t ask the most obvious of questions: ‘why don’t we buy more money?’ I know what you are thinking. The thought of buying more money is absurd, crazy and I am completely out of my mind for suggesting this. But truth be told, if you change your mindset about money and understand how it really works, you can achieve the feat of buying more money. Most people think that money is […]


6 ways to become a millionaire in the UK!

To be a millionaire. Isn’t that the dream? Most of us only dream about reaching millionaire status but very few of us really achieve. I used to be one of those people who thought that becoming a millionaire was impossible. I thought it was only attainable by savvy entrepreneurs or city bankers. But then I did some research and found that becoming millionaire is easier and much more achievable than many of us think. This article will look at the different ways you can go about achieving your million pound goal. When you boil it down, there are basically 5 routes to wealth in this country. Some routes lead to […]


Low Oil Prices Are Bad For The UK

The oil price has been on an epic downtrend over the past 18 month. It has gone from a high of over $110 a barrel to just under $30 a barrel. The mainstream media keep bombarding us with the facts that falling oil prices are great for the UK economy. And this is largely true because a low oil price has positive effects on the UK GDP growth figures. But whilst falling oil prices does bring about many benefits such as cheaper fuel and lower energy bills, it does also bring many consequences to the UK economy. The biggest negative effects of a falling oil price is felt by savers, […]


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 […]


Why you feel poor earning £30k a year!

Many people earning between £20,000 – £30,000 a year feel as though they are not earning enough and would classify themselves as being poor. But according to the world economics forum, the global average wage stands at $17,760 or £11,597.So whilst the average person in the UK earning £30,000 a year is evidently not poor, many people in this situation certainly feel as though they are. So why is this so? People, especially in the western world, don’t compare themselves with other countries, but rather compare themselves to their neighbours. So it really sucks when you live in an average neighbourhood and drive one mile past a £1 million mansion. What we […]