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 …