So What Is Lifestyle Inflation?

save money Mar 23, 2022

I wrote last month about the current inflation problem we have here in the UK, in the US and in pretty much every other country in the world.

Inflation is simply a way to describe rising prices. If a loaf of bread cost £1 last year and now costs £1.05 – we have 5% inflation – the cost has gone up by 5%.

If an iPhone cost £1,000 last year and now costs £1,100, we have 10% inflation etc.

The inflation we are experiencing at the moment is really dangerous....

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This Isn’t Lifestyle Inflation, This Is Just Inflation

make money save money Feb 18, 2022

A lot has been written in recent months about rising inflation and the impact that this is having on living standards.

I often write about ‘lifestyle inflation’. This is where someone’s lifestyle or spending often increases as fast as (or even faster) than their earnings as they earn more or receive bonuses or pay rises.

Lifestyle inflation is very dangerous as it prevents you from ever reaching financial freedom. If your expenses are increasing at the same (or a higher)...

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Welcome Back!

millennials Jan 23, 2022

You may have noticed that I haven’t posted in a while. A combination of significant growth in the financial planning business (both in terms of headcount and revenue) and the continuing challenges of the pandemic have meant that the blog had had to take a little bit of a back seat… and I’m ok with that.

There is no such thing as time management – just priority management – we all have the same 24 hours in the day to spend as we please. Over these past 8 months...

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The Benefits Of Investing In Dividend Growth Stocks

make money May 16, 2021

Today we have a guest post from Bob Ciura from Sure Dividend. Sure Dividend produce a ton of free and paid research and articles for those who wish to build a portfolio of reliable, dividend paying stocks. Take it away Bob!

Why Investors Should Buy Dividend Growth Stocks For The Long-Term

Momentum trading, which involves purchasing stocks that have exhibited great recent performance, has some enticing advantages that have led many investors to follow this investing strategy. The most...

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The Millennial Money Masterplan - Coming Soon!

make money Mar 21, 2021

Back in May 2018, I put 'pen to paper' (or 'fingers to keyboard' more accurately) on a new book.

The big idea was to create a system that any Millennial (or anyone really) could use to achieve True Financial Freedom.

It was a big ambition, but one that I deeply believe in. You see, I don't think that Financial Freedom is only available to people who are 'special' or who are born into money. 

I think that anyone can achieve their own version of freedom and the steps required to get there...

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How To Improve Your Finances During A Crisis

save money Aug 11, 2020

I know the headline above will have a lot of people wondering what the heck I am on about. Improve my finances in a crisis? Doesn’t he know what the word crisis means? My finances are in the toilet right now! 

Rest assured, I do understand the pain that some people are going through right now - emotionally, spiritually, physically, socially. The pandemic, unlike some crises before it, has had an impact on all of these areas. Pretty much every part of human life has been touched by...

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The Lockdown Financial Survival Guide - Extreme Budgeting - Part 4

save money Jul 08, 2020

Welcome to the final instalment in this series on extreme budgeting.

Last time out, we looked at ways to reduce your expenditure to match your current level of income, even if your income has been reduced. But what if that’s not enough? What if, despite your efforts, you still find yourself in a bind. That’s where special measures are required.

This is the final, and most extreme step in our 4-step lockdown financial survival guide which looks like this:

Phase 1 - Check Your Past...

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The Lockdown Financial Survival Guide - Extreme Budgeting - Part 3

save money Jun 04, 2020

Welcome back to this series on extreme budgeting for extreme times.

Last time, we looked at some of the enforced reductions to your spending that lockdown has caused. Things like eating out, holidays and the like which are simply not happening or perhaps are not happening as much (depending on where you live).

Today, we move onto phase 3 in our 4 step extreme budgeting plan, which looks like this:

Phase 1 - Check Your Past Spending

Phase 2 - Your New Reality

Phase 3 - Cutting Back

Phase...

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Should I Invest In Real Estate?

make money May 10, 2020

Today we have a guest post from Kate Underwood of Club ThriftyTake it away Kate...

 

Investing in real estate is a big decision. Plenty of people make bank on rental properties, and — with the current state of the economy — you may be thinking about getting in on the action. Property ownership can be a terrific way to invest in your future, but there are several factors to consider before diving in headfirst.

While investing in the stock market typically...

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5 Ways to be Financially Safe While Traveling

save money Apr 18, 2020

Today we have a guest post from Kathryn Rucker, the founder of the personal finance website CashforKat. Take it away Kat...

We are currently experiencing a period of time where many of us are unsure of what our lives will look like a few months down the road. With talks of a recession happening in almost every country due to the recent COVID-19 outbreak, there is much concern over the future of various industries as they attempt to weather the storm.

One thing that we all know for...

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