Pay yourself first

This is a common theme across the books and podcasts, though some advocate taking it to extremes. Essentially it means that you set a standing order to pay into your stocks and shares ISA as soon as you get paid, or whatever your investment vehicle of choice is. It then …

Almost one in five UK adults ranks their financial well-being as “poor” or “very poor”…

An interesting article from Perkbox. “The top 10 causes of financial stress Not having enough emergency savings for unexpected costs (56%) Feeling behind financially in comparison to those around me (41%) Feeling that I will be unable to reach future goals, e.g. buying a house (39%) Feeling limited in my …

Bitcoin

Bitcoin is the first and best known ‘crypto currency’. Essentially these entirely digital currencies use a new technology called blockchain. Every Bitcoin transaction is logged in a global network of computers, which are rewarded for their har work by ‘mining’ Bitcoins. There are now several hundred competing crypto currencies. Anyone …

Rich House Poor House

Rich House Poor House You’ve got to love Channel 5 and its ‘do what it says on the tin’ programme titles. ‘I’m fat and it’s your fault’, ‘Rich Kids go Skint’, ‘My 600lb life’, ‘Someone sat at a desk reading about what’s been going on in the world’. I made …

The Simple Path to Wealth

JL Colins This is a well known book in the FIRE community, and a favourite of some financial advisors I’ve come across. It’s a very US-centric book, but it does relate to the UK too. Essentially it says put everything you can into cheap Vanguard index funds (he recommends just …

The national lottery

We humans are an interesting species. No ‘robo-investor’ would invest in anything with such odds, but millions of us, myself included, do it regularly. Maybe it’s the brief daydream of what you’d buy and in what order. Who do you like enough to relieve of their mortgage. Who would get …