How I went from being broke to saving £2000+ in a year

Here’s a story about going from being broke to big time woke.

Contrary to popular assumption, I’ve not always had it all together financially. I haven’t gotten into debt or done anything too crazy but towards the end of 2014/ early 2015, I was at an all time low financially. I had finished my first year of uni and decided that instead of looking for an internship over summer, I was going to create a job for myself 😃 #Winning #YouGoGirl #Solopreneur
FAME 2014 was one of the various projects I started in uni. A creative event that allowed creatives in the music and fashion industry to come together for the coolest mashup. Or at least that’s what my intention was.

Investing 101: Mutual Funds

So you’ve read my post on Investing For Beginners and decided you’ll like to invest in Mutual Funds? Great, so what exactly are you investing in …

What is a Mutual Fund?

A mutual fund is a professionally managed fund that pools money together from you and other investors and uses that money to buy securities. A security is a financial instrument/asset with monetary value. Because of the diversification (mutual funds invest in stocks/equity, bonds), it’s less volatile (which means it doesn’t go up and down as much as i.e. stocks). So if a mutual fund has 100 stocks and one does bad, then you lose 1%, as opposed to a stock where if you bought that particular stock that did bad with all your money, then you’d have lost all your money.

How To: Increase Your Earning Potential

Leveraging your skill set to maximise your earning potential doesn’t always mean starting your own business. In Gen Y&Z, everyone is either an entrepreneur, about to become one or is friends with at least one. I can already see you nodding your head to one of those three. But some of us get discouraged when we are in that first section “about to be/looking for ways to become an entrepreneur” and start our own thing and launch our brand. For those ones, I encourage you to remember that the fact is that not everyone can become an entrepreneur. More importantly, instead of trying a thousand start up ideas, look to be more entrepreneurial in your thinking and find ways to add value wherever you are. Entrepreneurship is fortunately or not, a one size fits all approach. If it comes to you, great, do your thing hunny. But if it doesn’t, don’t force it- focus more on using your skills to make you the MVP employee. There are more than one ways to make more money. 
Increasing your earning potential is (unfortunately) not as easy as just merely asking for a raise. You could increase your earning potential by doing the following three things:

 

An introduction

What is this whole Personal Finance thing about?

There are certain things in life you don’t learn at school, your parents might not necessarily teach you and your friends just don’t know enough to talk to you about it. Money management is one of them and for me, the biggest of them.
If you were fortunate enough to grow up in a comfortable or wealthy home then you may even be more shocked when you start to make your own money. You’re not sure where to put it, how to manage it or when to grow it. You are probably only sure of one thing – spending it. 
Over the last two years or so, I’ve realised there’s so much more to money than just spending, and through reading a lot of books, attending seminars and courses, I’ve picked up one or two things I think more people my age need to hear. But before we even get that far, a proper introduction.

Investing For Beginners

Investing is committing money to something which will give you additional returns or profit.
Laying down money now to receive more in future – Warren Buffet.

 INVESTING 101:

Today we’re looking at some common investment vehicles available. Most of them you can start with any amount of money once you’ve done your research, others will require some high capital investments. This is only a guide and some research I’ve done personally, and I’m no financial expert so please speak to a financial advisor for a more tailored and detailed approach to apply to yourself.
Investing is working smarter, not necessarily harder.

Stop Collecting Money and Start Doing This Instead

Yup that’s right, stop collecting and stashing money. I’m talking to all my savers who have been saving money for the last 3 years under their bed. Hunny, that money is depreciating not appreciating. Money is not made to be collected. It’s meant to be put to use, from spending to investing, money is supposed to be used to build the life you want.