How to avoid over-trading and making impulsive mistakes
The words ‘act in haste, repent at leisure’ should be front and centre in the minds of anybody who trades stocks, crypto, or any other asset – many traders, and particularly newcomers, don’t avoid over-trading and open positions at the wrong time simply because they have acted in haste…
How to Stop Overspending (& still enjoy life)
I had to learn how to stop overspending, and I didn’t even realise I had been doing it. Yes, I would have been seriously offended if you had asked me ten years ago whether I was overspending. In my mind, I was living modestly. Then I kept a spending…
Can You Inherit Debt? (& How to Protect Your Loved Ones)
Can you inherit debt and what happens to my debt after I die? These were the questions racing through my mind when we had £100,000 worth of consumer debt. I also knew we had already messed up our sons’ future royally. Morbid? Probably. Practical? You bet. I didn’t want…
How to Become Debt-Free or the Three Stages of Debt Repayment
You know that we just paid off all our consumer debt. We paid off all shamefully and inappropriately high amount of it n three years. Smooth sailing it was not and, looking back, how to become debt-free has three stages. Naturally, I published a post about it. I wanted…
Will debt affect getting a mortgage?
You need a mortgage to buy a house. You also likely have debt; after all, who doesn’t have debt these days? And the question you ask yourself is will debt affect getting a mortgage. I will give you the short answer first, and please forgive me for sounding like…
How Do I Find Money to Pay Off Debt?
There is one reason you are in debt – you spend more than you earn. It is not rocket science; it is a matter of first-grade arithmetic. If regularly spend more than you earn, you will be in debt. “Ah, now I understand’, you are thinking. ‘But if that…
Which Debt to Pay Off First?
After working out what debt you have, it is time to decide which debt to pay off first. There are different schools of thought, and various personal finance gurus will offer different counsel. I will not tell you what to do or which debt to pay off first –…
What Debt Do I Have (and five practical steps to work it out)
What debt do I have? Many readers ask this critically important paying-off debt question– having a clear picture allows you to calculate whether you can pay it off, and make decisions about specific ways to approach your debt and the order in which to tackle debts. Knowing how much…
Stocks and Shares ISA: Investing for Ordinary People
Do you have stocks and shares ISA? (If you don’t have one, you must open an ISA account promptly.) Statistically speaking, you probably don’t have stocks and shares ISA – in 2018-19, there were only 2.5 million investing ISA accounts in the UK. Furthermore, even if you have one,…
Five common mistakes when investing in stocks!
Trading stocks has become a lucrative income stream for many people, but what do you need to look out for? Is it really this easy to earn extra money? Here we want to introduce you to the common mistakes when investing in stocks. Why is it easy to make…
5 Lame Excuses so Women Don’t Invest
It is a sad fact that women invest less often and less – a recent poll found that 70% of women reported they have no investments. Couple that with us living longer and we have a serious problem. Many sisters will live in poverty when older and that is a…
Investing Tips for Absolute Beginners: Conquer Your Insecurity, Follow the Basics and Don’t Sweat the Maths
I remember trying to puzzle out investing and yearning for beginner investing tips to help me find my way through the maze of possibilities. I looked for investing tips in books and became more muddled by the complex maths and long and unfamiliar words. I searched for opportunities, and…