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How To Recession Proof Your Life & Your Finances
Reading Time: 4 minutes Well, 2020 has been something that is going to go down in History. The way we live our lives, the way we run our businesses, the way to travel is NEVER going to be the same again. It breaks my heart. I remember when I was at school and I was learning about the plague and the devastation it caused, Covid-19 has been our version of it. I never thought that the word social distancing would be part of my normal vocabulary and wearing a mask in public places would be mandatory. Do I Need To Panic? Since 2008 our economy has been rocky, to say…
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How Debt Can Make You Rich. Good Debt vs Bad Debt.
Reading Time: 4 minutes As said by Robert Kiyosaki “Good debt will make you rich, whereas bad debt will make you poor” Believe it or not, there actually is something called good debt and what you are told by those who say all debt is bad are from those who are simply bad with money. With a little education you can understand the difference between the two. How Good Debt Will Make You Rich Good debt can make you very rich. The rich use debt as leverage. Leverage is using debt to increase the return of an investment. Having a mortgage on a rental property for example, is leverage. This…
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How To Become Financially Free. LFRE’s 9 Rules of Money & Life
Reading Time: 4 minutes Hi and welcome to Live Full Retire Early (LFRE). Here we talk all things money & lifestyle and explore and share ways to live your best life on a budget. Here are our 9 Rules to help you do just that… Rule 1. You must always talk about Money. Money is a bit of a taboo subject, especially for us Brits. We feel talking about our levels of success is a bit of a narcissistic and ugly thing to do, like we are bragging. However, I don’t see it that way. If you talk about your struggles and listen to other people’s successes you might find…
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How To Increase Your Income Without Working More, Getting a Second Job or Without Investing With 5 Easy Steps
Reading Time: 4 minutes We’ve all had that experience in our jobs, we bust our arse for our boss, stress ourselves out every day for a month, then we receive our paycheck and are left underwhelmed, dissatisfied and a little bitter. Why have you gone through all that stress and emotional pain for peanuts? We’ve all had that conversation in our head about telling our boss to screw it but had the fear of having nothing to fall back on (check out my blog post, What Is An Emergency Fund and Why Everyone Needs One & 9 Ways To Create An Emergency Fund With No Money) However what if there…
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How To Save Over £7,000 For An Investment Without Increasing Your Earnings
Reading Time: 3 minutes Do not save what is left after spending. But spend what is left after saving. Warren Buffett One of the main objections from people who I speak to about beginning their saving and investing journey is the lack of disposable income they have available. Most people live hand to mouth, pay cheque to pay cheque and when something like job loss occurs in their life their whole world comes crashing down, they scramble to find the next available job, not even considering if this is the right job for them. I can imagine what you’re thinking right now, “that’s easy for you to say” or “easier said…
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How To Save 33% On ALL Amazon Purchases
Reading Time: 2 minutes WOW how great does that sound? A whopping 33% off any Amazon purchase, why haven’t you heard about this before? Well, if you aren’t into cryptocurrency, then it is highly unlikely. I don’t know about you but I LOVE a bargain. I’m always on different comparision websites researching items, products and services determined to find the best deal possible. If I find that I have paid more than I should’ve, I feel really frustrated. Two years ago, my friend introduced me to Purse. Purse is website that allows you to shop safely and securely, accessing products from Amazon but pay by Bitcoin or Bitcoin Cash for HUGE DISCOUNTS and if…
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Why You Should Never Loan Your Friends Money and 7 Reasons Why It Does More Harm Than Good
Reading Time: 5 minutes Several years ago, I was at work when a “friend”, Suzie rung me crying saying the bailiffs were coming round as she was in a lot of debt. She continued to inform me that they were going to take her baby boys bed away and laid it on pretty thick knowing that vital info would pull on my heart strings, which of course it did. I loved her son so much and was quite involved in his life. Then she asked to borrow £2,000 from me. After hearing everything she just said, how could I refuse? So I asked her for her bank details and sent…
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9 Ways To Help Create An Emergency Fund With No Money
Reading Time: 4 minutes As highlighted in my previous blog post creating an emergency fund is a necessary part of life and budgeting. Your first goal for setting you an emergency fund is to aim for £500. This is a small achievable amount. Then gradually aim for 3-6 months living expenses. This should give you plenty of time to find another job, discover your true passions in life (and how you can make money from it), launch your business without the pressure and stress of instantly earning a profit or give you time to heal if the emergency fund is set aside for health reasons. 9 Ways To Help Create…
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An Introduction To Emergency Funds. What Is An Emergency Fund and Why Everyone Needs One
Reading Time: 2 minutes What is an Emergency Fund? Put simply, an Emergency Fund is a stash of cash set aside in case you lose your job, receive unexpected medical bills or if your health affects your ability to work. Or alternatively the … Fuck You Fund. (F.Y.F) Having an Emergency Fund is a wonderful feeling, like a breath of fresh air, the sigh of relief knowing you have the freedom to breathe fully. We all need to save for the unexpected. Having a cash reserve can mean the difference from a minor dip in the road to a car crash. It’s the kindest thing you can do for…
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How I Made and Saved over £12,500 in 12 Months Without Using a Penny of My Pay Check
Reading Time: 3 minutes I know what you’re thinking, how have I saved £12,500 without using my paycheck? For a while, I had been thinking about how I could make some extra money on the side/from home without starting a part-time business. I have considered setting up an online store and importing products from China and selling them on amazon.co.uk or Shopify, although great ideas and something I could definitely make a success out of, at that moment in time I felt overwhelmed at the thought of it all. I wanted to start small with my side hustle, I didn’t want to run before I could walk. Then I remembered…
