For all of my friends in the 🇬🇧 - amazing news for you!
Your ISA allowance has been reset today. This means:
- you can start adding more #cash into your freedom fund
- you can plan how to get to as near to £20k limit this year as you can
- you can plan your new #investments
“Most of us have created numerous ways to feel bad, and only a few ways to truly feel good” T. Robbins
Read it in the book today and totally agree with him. What’s your take on it?
Credit cards can be either your best friend or by far the biggest enemy on your path to wealth
In reality - these are simply financial tools that can offer you a lot of benefits if these are used wisely
https://money-hacks.co.uk/index.php/2023/04/01/why-do-i-need-many-credit-cards/
If you don’t design your own life - someone else will. And it is rarely they have anything good planned for you
The moment you get your first £££ working for you - that’s when you realise the 9-5 is by far not the only thing waiting for you out there
Every financial decision you make has an opportunity cost to it …
New book vs Netflix
New shoes vs dividend shares
New car vs rental property
The choice is yours!!
2 potentially interesting #dividend opportunities on the horizon:
- Taylor Wimpey = 7.9%
- Aviva = 8.6%
So you #invest in either of these? What’s your take on these companies?
I’ve started selling cash secured puts and covered calls earlier this year
Anyone looking for a fairly low time consuming side hustle - this should definitely be an option to consider
Any person looking to #invest in the 🇬🇧 has to understand what ISA accounts are and the power these give you
1. ISAs are tax efficient
All the returns from your #investments is tax free for life - this includes capital appreciation, #dividend income, etc.
2. ISAs have £20k annual allowance
Each year you can add up to £20k into your ISAs. This allows you to accumulate #assets in a #tax efficient way for many years to come. #Compounding will become your biggest friend on this journey
3. ISAs offer flexibility
You can choose to #invest in stocks and share, indexes, hold cash assets. You can also have accounts with multiple providers to diversify even further
4. ISAs allow to access your money whenever you need it
There is no time or age restrictions as to when you can access your #money. The only exception to this is LISA which can only be used for your first home or after 60 years of age
5. ISAs are easy to manage
You can easily manage these. Most providers have easy to use apps. There are also ready made products for you to #invest into in order to reduce the complexity linked to you becoming fully in charge of your personal #finance
New week starts shortly - this means new opportunities to make yourself better, learn new skills, share new things with others as well as add to your wealth pot
Creating multiple streams of #income should be a priority for anyone out there. You never know what might happen to your 9-5
For those busy and lacking free time or side hustle ideas - #dividend #investing is the most passive way of making extra #money
https://money-hacks.co.uk/index.php/2023/03/29/what-are-dividend-stocks-and-why-i-love-them/
As I get older I realise that weekends are less about loud parties and more about spending quality time with people I care about while doing things that I really enjoy like being out in the nature
Anyone else?
Just a reminder to all of my 🇬🇧 friends - there are only 5 days left to use your ISA allowance before it disappears
Make the most of this tax free legal tool
Create your long term financial goal and start breaking it down into smaller more manageable steps
This is how you can approach building long term wealth and financial freedom
Dividend #investing is not only for those retired
Buy #dividend stocks, reinvest and let the #compounding take care of your future
This is only one of the simple ways to build wealth and become financially free
Take care of your mental and physical health to improve your financial well-being. Focus on self-care, practice mindfulness, and prioritize sleep to reduce stress and increase productivity. #Finance #SelfDevelopment
Before investing a lot in things you don’t understand - #invest in yourself to learn about things you are looking to invest into
People often believe that debt is a bad think …
I’m currently looking into taking up on more debt and leveraging someone else’s money for my future self
New financial year is about to start in the 🇬🇧
This means that your ISA allowance is about to be reset back to £20k. You can also open a new ISA account and invest there. Keep in mind - you can only top up one type of ISA in a giver financial year
https://money-hacks.co.uk/index.php/2022/08/20/how-many-isa-accounts-is-the-limit/
I’m looking to start my property investing journey in the 🇬🇧
Do I buy in my own name or an Ltd?
The objective is to scale to 5-10 properties over time