Month: October 2020

7 biggest finance mistakes young professionals make in their 20s

The 7 biggest finance mistakes young professionals make in their 20s

Your 20s are a fantastic period of time. You’ve finished uni and, hopefully, put your skint student days behind you by landing your first full-time job. You’re finding your feet in a career and enjoying the new disposable income you’ve got. I’ve still got a few years left of my 20s, but a conversation yesterday …

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can you lose money in a savings account uk and how to protect against it

Can you lose money in a savings account? And how to stop the invisible erosion!

This will be counter-intuitive to a lot of people reading this, but is it really possible to actually lose money in a savings account? I’m not talking about some whacky negative interest rate either (which might not be as far-fetched as it sounds). If you stick with me, I’ll discuss whether you can lose money …

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what is the difference between income and wealth?

What is the difference between income and wealth? And why you should care!

Understanding the difference between the two is important, especially when you’re trying to improve your personal financial situation. Ever heard the story of the janitor who surprised everyone when he died by leaving $5 million to his local library? Or the story of the famous athletes who earned multiple millions a year filing for bankruptcy? …

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how do i compare to the average net worth in the uk?

Average net worth in the UK – how do you compare?

Even though comparing yourself to others doesn’t always do your mental health much good, it is a helpful benchmark to check yourself against, not to mention a hell of a curiosity cruncher. I’ve run the numbers which are available publicly from the Office for National Statistics Total Wealth survey. So, ever asked yourself how do …

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