A dollar of passive income is worth two of active income

paasive-income-new-pound-coinImagine getting paid without lifting a finger or breaking some sweat. This situation is a dream to most people and very difficult to achieve without being fortunate enough to win the lottery, receive some inheritance or some other windfall. For the rest of us, it is up to hard work, saving hard and strategic investing to achieve this status. Passive income is the holy grail in the personal finance space and in this article I break down how valuable this type of income really is. Continue reading

How to track dividends for stock market index funds

“It pays dividends” – This is a fairly common saying which means that there will be a reward if we put a lot of effort into an activity or purpose. However, depending on the particular activity, it is not always possible to visualise these rewards even though they may not be abstract. A good example of this is the dividends paid by Accumulation stock market index funds. Continue reading

Top 5 Portfolio Holdings – UK Index Fund

uk index fund investingHere are the top 5 companies in a typical United Kingdom (UK) Index Fund. Investing in index funds is a way of owning slices of real companies which provide value and generate income. It is like having millions of workers doing their best every day to make you wealthier, even if it is at a small scale initially. This is part of a series of posts outlining the top company holdings within index funds for Continue reading

How to buy and run a car – the frugal way

buying used car bmw E30Saving money on buying and running a car can be a very important step to ensure financial freedom and bolstering your net worth. In the UK it has been on the news recently that car finance deals have soared to record levels. Motorists have spent £3.6 Billion on car finance deals in March 2017 alone! That is a 13% increase when compared to March 2016. This is not surprising considering Continue reading