Education. Knowledge us power. Especially when ACTIONED!
Savings accounts that pay out interest that is free on income tax. You can save £20,000 tax free per year.
Deposit Accounts are effectively current accounts held at a banking institution allowing money to be accessed at very short notice or on demand and paying interest.
Einstein reportedly stated: “Compound interest is the eighth wonder of the world. You earn interest on interest. Interest is added to your total savings and your next lot of interest is calculated based on the new, higher amount. Over time massive returns can be gained.
Click on this link for further key savings terminolgy
Help Tackling Debt
Money Advice service website- The Money Advice Service list all the national bodies in the UK that can assist you in overcoming debt. This site is a fantastic debt busting resource.
Comprehensive look at savings and investments
Money To The Masses website. Comprehensive look at savings and investments. Be prepared to be empowered financially.
The Humble Penny website. Have a look at this fantastic website for an exhaustive look at content relating to financial literacy and personal development. Get your pen and paper ready!
Earning more income – Get those income streams in place
You sometimes need to make more money to get ahead financially. Click on this link for 100 extra income side hustles. Go get that paper. Just don’t forget to save and invest it!!!
Investment Material Brief
Few reading links about investment and the stock market:
Make Investopedia your friend. They have a good view, definitions and explanation of investment and business terms. So if you come across a term or concept which does not make sense, use it to search the term:
The Richest Man in Babylon by George Clason
Rich Dad Poor Dad by Robert Kiyosaki
The Intelligent Investor, Rev.Ed by Benjamin Graham, Jason Zweig and Warren Buffet