Introduction Let me start this post with hopefully the most obvious statement I’ve written to date: nobody’s primary reason for getting married should be because for money, let alone purely for tax benefit reasons. If you are a regular reader of this blog, you’ll know that in June 2017 I got engaged to the love of my life and we married in Summer 2018. Due to my interest in personal finance I was keen to know if getting married would…
Introduction Some say it’s too boring, others it’s too tedious, and others still that it’s too intimidating but I believe that tracking your spending – all of it – is a fundamentally important thing for everyone to do, regardless of your income or age. The digitisation of money and the growth of e-commerce has made it easier and quicker for us to spend money without fully thinking it through or realising exactly what we’ve spent where, which is why tracking what…
Introduction This won’t be yet another New Year’s Resolution blog post, I’m sure your sick of reading or hearing about them by now. I don’t like making New Year’s Resolutions, primarily because it often feels like people make them purely to break them! Often people know they need to make a change but don’t really want to, therefore proclaim to everyone that it will be their New Year’s Resolution, so that no-one is surprised – and the individual isn’t disappointed – when they give…
PLEASE NOTE: If you haven’t read Part 1 of this piece I recommend you start with that, before reading on, you can find it here. Calculating how to reach your Target income Making calculations years into the future is far from easy, for starters we might all be retired in 30 years with Artificial Intelligence (AI) and robots doing all our work for us. Even without considering massive changes like that, making calculations is harder, a couple of percentage differences in…
Introduction As part of my website and through my blogs I try to offer a good sprinkling of personal finance advice, based on solid finance theory and my own experience, focusing on important issues for millennials. Of course, the solid finance theory that I provide doesn’t just come from my own mind, I spend a good amount of time seeking out and refining the advice of others. The aim of this piece is to share the 7 best personal…
Introduction: This book was gifted to me by a family member around 5 years ago, and although I read it around 3 years ago, I only recently stumbled across my notes. Having this gap between reading the book and reviewing my notes was really interesting, as it provided me with the opportunity to understand what content from the book I’d naturally kept and what I’d forgotten, fortunately more was remembered than I expected! Whilst I am not currently investing in…
Introduction Monzo is one of the coolest and, in my opinion, most interesting FinTech Companies around at the moment. It’s only been around for ~2 years, and only very recently had to change its name from Mondo to Monzo (due to copyright infringement), but it’s got a significant and growing audience. If the term FinTech is new to you, or you don’t understand exactly what it is then I suggest you check out my post on it before reading on,…
Introduction I wanted to focus on this topic given some rather worrying articles & findings which have been coming out in recent months on Millennials and there inability and unwillingness to saving for the future. Whilst many things for us millennials are much better than previous generations; smartphones, noise-cancelling headphones and Netflix to name a few, our prospects of having a comfortable well financed retirement is definitely not one of them. Millennials are being hit by an avalanche of things…