Your online guide to making money, saving money and living life on your terms.
Should I pay off my mortgage or invest the money and aim to grow it? It’s one of the questions most of us ask as we reach financial maturity. The answer is that you should do both, but the extent to which you focus on each option depends on your attitude to risk and … Read more
Wealthy Affiliate is a membership site that teaches you how to create, launch and continuously improve an online business. It’s the tool I used to create this blog and to monetise it. I initially joined Wealthy Affiliate on a free starter membership which enabled me to learn how to build an online business. I was … Read more
The debt avalanche strategy is a debt repayment method that sees you paying the minimum interest charges possible, by focussing on your debts with the highest interest rate first. At the same time, you make the minimum monthly payment on your other accounts. Is the debt avalanche method the right debt repayment approach for you? … Read more
Thinking about retirement and planning for it can be difficult in our younger years; it can feel so far off. However, the sooner you devise a retirement plan, the longer any money that you invest has to grow and feel the benefits of compound interest. But how do you know if you are on … Read more
The age that you can retire depends on your expenses and the income that you have coming into your household outside of your job. Some people put themselves in a financial situation that enables them to retire in their 20s, while others never stop working. Let’s walk through the steps to calculate when you … Read more
The debt snowball is a method of repaying debt that has received support from Dave Ramsey, a prominent personal finance expert based in America. It involves paying off your debts from smallest to largest to encourage more motivation to become debt-free. At the same time, you pay the minimum payments on your other debt … Read more
Credit card debt can be extremely expensive, so the best way to pay it off is as quickly as possible! While that can sound easier said than done, there are several ways that you can use to tackle your credit card debt, including free balance transfers, getting a side hustle, and consolidating your debt. … Read more
In our younger years, it’s so easy to neglect our responsibilities to make financial plans for the future, and for a time when we may no longer want or be able to work. There always seems to be something more pressing to pay for; a new car, a house deposit, a holiday, a wedding, a … Read more
For many people, having a job is the full extent of their income generation. However, just having one stream of income puts us in a vulnerable situation if we lose our job. With a little bit of time, research, and sometimes upfront investment, it’s possible to create multiple streams of income and ultimately reach … Read more
Writing is an effective way of earning an income in full-time employment as well as in a range of side hustles. What’s more, you don’t have to be a writing expert to make money from writing. Even with basic writing capabilities, there are ways to monetise your skills. This post contains affiliate links. If … Read more