Author: John

John shares his knowledge of personal finance with you. His articles focus on how to manage your money wisely and create new income streams. With a combination of good incomes and sound financial management, you can take control of your personal finances, and create the life you really want.

Financial freedom is the ability to have control over your finances to comfortably maintain certain living standards and afford many of your life goals. It can be achieved in a number of ways, including saving enough money to live comfortably without needing to work, being able to pay off debt, and investing in a way that allows you to choose how your income is spent. Financial freedom can be short-term or long-term. There are many ways to get there, and no one path is necessarily the best. Also, financial freedom is not solely about money, but also about priorities and…

Read More

Passive income is an important pillar of financial freedom What’s better than working for your money? Making money without continuous effort! Passive income refers to money you receive without having to actively perform a job to get it. The idea is to do something once, or make an initial investment and continue to receive money for it long after the effort is done. One of the most familiar types of passive income are royalties from a photo, buy-to-let properties and financial investments. However, there’s plenty more where that came from. Generating passive income in the UK is a key part…

Read More

Who doesn’t need a side hustle in these uncertain times? Having a few profitable secondary sources of income can help you build up a nest egg, realise your financial dreams, and provide a security blanket should something happen to your day job. Here are top ideas for a side hustle in the UK, and a look at everything you need to know about getting started. Being realistic about your side hustle in the UK is important. The idea of a side hustle is promoted everywhere, but it’s not always as easy as those pithy blogs make it seem. First up,…

Read More

Being financially savvy isn’t just about making smart stock market investments. Where you live can play a huge part in your financial success, especially if you have children and school districts to consider. A London lifestyle will always need a ton more funding than one in a lower cost of living area. That said, you still want a safe, pleasant place to call home. Here’s a little insight into the current cheapest places to live in the UK, and why you might want to consider them for yourself. What goes into the cost of living? Your cost of living isn’t…

Read More

Are you wondering how to save money? Be it amassing an emergency fund to cover you when things go wrong, establishing a healthy savings habit, or simply learning to budget so you can have more money available for your wants, learning to save is an essential skill for everyone. Here are our top tips on making those saving goals a reality. 8 Tips to Start Saving More 1)  Out of sight The easier you make the saving, the more likely it is to happen. Check in with your bank if they offer you any automated services to help you save.…

Read More

Do stocks, index funds, and asset allocation have you scratching your head? Look no further- here’s your beginner’s guide to investing in the stock market. It’s easier than you think, and one of the most effective ways you have to grow your wealth. Let’s get started! The bare basics of investing in the stock market What is investing in the stock market? When you hold a stock, you just have a tiny stake of ownership in a public company, called a share. Public companies are those that list on the stock exchange precisely so they can fundraise through this system.…

Read More

Is socially responsible investing (or ethical investing) just a buzzword? Today we break down the pros and cons of socially responsible investing(SRI), what is spurring its growth, and whether your diversified portfolio needs an SRI fund or two to bolster your market position. What is socially responsible investing? At its core, socially responsible investing merely means putting your investment money into products that support ethical and socially conscious themes. This could be anything from fighting gender and racial discrimination to greening the environment. Typically these products also avoid companies like tobacco and alcohol distributors, coal mining, gambling institutions, and other…

Read More

What are dividend stocks? How do dividends work? Do you need them in your portfolio? Today we take a look at this sometimes-confusing asset class and what investment portfolios it works best in. What are dividend stocks? Dividends are payments made to shareholders based on the incoming profits of a business, a kind of profit share for participating stakeholders. It’s through having dividend-paying stocks that you become eligible to receive your ‘cut’ of this profit share. Not all shares have the expectation of dividends attached to them. Many companies offer stock on the stock market to generate funding to reinvest…

Read More

Are bonds a good investment in 2022? Bonds have long since played a key role in the advised portfolio diversification for those looking to make solid long-term investments. Representing the balance point between safe, but poor returns, from cash and the more volatile, yet higher earning potential of stocks, many have been pushed towards bond investment as a safe, but earning, vehicle. With the staggering economic changes in the wake of the global pandemic, however, are bonds still a tried-and-trusted investment for 2022? We take a closer look. Part of a Holistic Financial Strategy Conventionally, we’ve always seen investors encouraged…

Read More