When it comes to investing, the first step can often be the hardest.
Perhaps you have read all of the blogs and articles telling you how the stock market is the best thing since sliced bread (it is by the way).
You have read the books and taken the courses, but you are just a little unsure how to get started.
There are so many questions to answer when it comes to investing, especially for the first time, that you are not alone in getting a little stuck along the way.
The good news is that...
Let’s face it saving money can be really tough!
You have to cover all of the bills, try to have some fun and then, hopefully, still have something left over at the end of the month to put away for the future. It’s not always easy.
Even if you do have some spare cash, where do you save it and how should you manage the process?
A regular savings account can be a great way to solve many of your savings issues.
I love my regular savings accounts and I always renew them every year,...
We mostly think of debt as a really bad thing that we want to get rid of as soon as possible. However, there are some forms of debt that are really good for your financial health.
Despite them being good for your financial health, all of these ‘good’ debts come with a significant health warning.
Unless you are super disciplined and you know that you will not spend more money when you have debt available, you should skip this post and move on.
Although these ‘good...
Side hustles come in all sorts of different shapes and sizes. What separates a side hustle from true ‘passive income’ is that you will generally need to invest some time in your side hustle business.
If you have money and no time, then passive income ideas might be better for you.
If you have time and no money, step right up – a side hustle is for you.
Some side hustles can be started at zero cost, while others need some start up capital.
Some will start generating income...
Debt has been described as a menace, as a virus, as a destructive force of evil and indeed it can be all of these things, if you let it.
Debt can also be used in certain ways to your advantage, however these methods are only for the most disciplined.
You have to be honest with yourself here, if you are likely to ‘miss-use’ debt if it is available to you, you are better off paying off all your debt and having none available at all.
But how exactly do you pay off debts. It can be...
Earning money while you sleep is the ultimate goal of many people who are trying to achieve Financial Freedom.
Imagine how good it would feel to have your cashflow completely on auto-pilot.
Imagine waking up to find out that your bank account is still full, despite the fact that you have done zero (or incredibly little) work.
If you want this dream to become a reality, you will need to start to build up passive income.
Before we go any...
Please note, in this article I will often use the word ‘retirement’ in inverted commas. The reason for this is that when we say ‘retirement’ it means different things to different people. For the purposes of this post, we shall assume that at the very least, ‘retirement’ means you want to quit your current job.
When it comes to early retirement, things can get a little complicated.
How much income do I want to live on? What will I do with my time? Do...
When most of us think of assets, we think of anything we own.
The opposite of assets in most people’s mind is therefore anything we owe, these are our liabilities.
The problem with these definitions, especially when thinking about Financial Independence, is that they are not particularly helpful to us.
Why might that be?
Well, there are many things that we would typically describe as assets, that do not really help us on our way to Financial Independence.
We all know that having a budget is a great idea, but it can be really hard to keep up with a budget.
Keeping a budget can be hard work, especially if you have multiple accounts and credit cards to keep track of.
Fortunately, there are some great apps to make life easier for you.
You can also download my free budget sheet to get you started.
Which app you use depends on what you are looking to get out of your budget and how often you are going to update it.
I actually use a combination of 2...
Having a budget can be great for your personal finances in so many ways.
Not only does having a budget mean you are in control, but it also means that you are making conscious decisions about how you spend your money on a day-to-day basis.
The simple fact is that most people have no idea at all what they are spending their money on, but then they wonder why they are struggling at the end of the month before their next pay check comes in.
If you don’t track your spending and budget...