5 Reasons to Start Investing in your 20s
It may seem easier to think about investing when you’re financially secure or closer to retirement. But investing in your 20s is one of the …
How to Retire Early
Today, millions of people long before the traditional age of 62. But even retiring a few years early requires plenty of financial planning to ensure …
5 Side Hustles You Can Start Today
Today it’s easier than ever to make money outside of your 9 to 5 job. If you’re trying to achieve financial independence, starting a side …
How to Negotiate a Pay Raise
The last year created its struggles for businesses, but that doesn’t mean employees don’t deserve a pay raise. If you think you’re going above and …
May Update – £70,976 (+£3,948.00) – Total Restricted/Unrestricted Wealth = £85,579
Quick update this month. I had some large expenses, but still managed to keep my head above the parapet and stick to my savings plans. …
House Hacking in the UK:
One of the key benefits of house hacking in the UK is the potential tax benefits under the “Rent a Room” scheme, which allows you to earn up to £7,500 tax-free. This strategy can increase your monthly net worth by reducing your mortgage payments, thereby accelerating the path to wealth. £7500 tax free is worth nearly £15,000 pre-tax if you are top-rate tax payer, although I admit most top-rate tax payers probably won’t opt for this option!
Net Worth Update for March 2021 – £51,951 (+£5,423)
I thought I would preface this with some figures. I have been tracking my income / savings rate since June 2018. This was when I …