5e
Money Hacks
5e3e732e1420307aecb4110400c5df26a51ab77efa81e072c105696ff90721b0
Personal finance blogger

I love weekends! I get to recharge, spend time out and about as well as be around people I love the most

S&P500 has delivered 17,715% growth from 1930 … if you would miss only 10 best trading days in each decade - total growth would be 28%

You decide if you want to try to time the market or invest for the long run

Not a great day for markets today - a lot of red

This however means that long term investors can buy cheaper today than they could yesterday

Markets seem to be very red today …

Me: let me see what stocks I can buy real cheap

Your mindset is more important to building #wealth then how much you actually earn

People often look into how to spend less and cut the unnecessary from their budget … it is worth remembering that the max you can cut the expenses is 100% while you can increase your income infinitely

#Invest in #dividend stocks, reinvest the income and let the portfolio take care of your future needs

Is it only me who loves being paid by companies to not have to work for them? 👀

People either buy luxuries or invest in assets that pay for their luxuries - the choice is yours

When you think of your net worth - do you include the value of your car?

Long term wealth always starts with a long term mindset

Some people choose to rent instead of buying their own home

It is however worth considering the real cost of renting over long term. The numbers get real scary if you live in a city with expensive rent

https://money-hacks.co.uk/index.php/2022/07/13/buy-vs-rent-a-home-which-of-the-two-is-better/

If you want to change your life - change the circle of people you hang out with

Set up direct debit each week/month and #invest automatically - that’s the easiest way to long term #wealth

I’d also say things like books and meditation help your mindset

Not sure Bitcoin is a good long term investment

Having an emergency fund will definitely bring a lot of piece and calm to your life.

Keep this in high yield instant access savings account - this way your money works for you as well as you can use it in case of a need

What’s your view on 🇬🇧 house builders as an #investment? These currently offer really tempting #dividend yields

- Barratt Development = 8.0%

- Bellway = 6.5%

- Vistry = 8.0%

The best plan in the world with no action unfortunately takes you nowhere!

Acting for 20 mins per day gets you much closer to your goals than trying to come up with the perfect plan with no action