Press play to listen to this weeks course introduction:
Now that you have completed step 3 and built up three to six months emergency fund, you’re ready to tackle step 4, and it’s time to get excited about investing for retirement, no matter what your age.
Retirement is a very personal subject which means different things for each of us. My hope in this rather lengthy article is to share my research and experience to bring this wide-reaching topic to life.
Why I’m excited about retirement?
Having worked hard in my career since leaving the education system, I have my mum to thank for recommending that I start saving for retirement when I was 18. Though it took quite a bit of persuading to give up that initial £50 when I was only earning £400 per month. Looking back, I’m happy I did because it got me into the habit of “What you don’t see, you won’t miss” as my dad is fond of saying. Continue reading
Now that you have completed step 2 and paid off your debt, you’re ready to tackle step 3 and build up your full emergency fund with three to six months of expenses. After all the effort of Baby Step 2, it’s easy for your energy to drop before you complete your emergency fund. Try not to let that happen!
The real aim of this step is to provide you with a safety net for when life puts obstacles in your way and with a fully funded emergency fund, you can continue to run your household for several months. Additionally, you will have the peace of mind and one less stress from your life. Continue reading
Welcome to the Finance 101 course, designed for everyone wanting to get off to a good start in life and over a few weeks, we’ll work through the seven baby steps (Source: Dave Ramsey).
Two years ago, I moved into my new home in July, and when the weather got colder in October, my hot water boiler failed, and instead of reaching for my credit card, I had my emergency fund available to pay £1200 and have it replaced with a brand new one with a 10-year guarantee.
Life teaches us that unexpected things happen and having this small safety net, will help you start to break out of the debt cycle. Continue reading
Fascinating watching the ebbs and flows of the mobile landscape and consumer changes. My first phone was a Nokia 3210 and it’s amazing the freedom it gave back in 1999 and what we all take for granted today.