The dynamics in social climbing The Collins dictionary defines social climbing as the act of trying to get accepted into a higher social class by becoming friends with people who belong to that class. In other words it’s called strategic friendships and partnerships. Someone may want to ask why social climbing is necessary in today’s…
Investment Objectives & Time Horizon Before investing in mutual funds, you should consider why you want to do so in the first place. What do you hope to accomplish with your investments? Are you seeking long-term wealth growth, short-term income, or a combination of the two? Understanding your investment objectives will help you in selecting…
The opportunity to grow your retirement savings―and withdraw money when needed is the power and flexibility a Roth IRA can provide. What is a Roth IRA? A Roth IRA is an individual retirement account (IRA) funded with after-tax dollars. At any time for any reason, you can withdraw your contributions tax-free and penalty-free. Additionally, any…
TV, gym, music, phone bills, software – there’s a growing list of things you can access via subscription services. They can be a convenient way of paying for services, but subscriptions can also be easy to forget. And if you’re paying £9 a month for a subscription you don’t use, for example, that’s over £100…
Budgeting for university can help you stay on top of your finances. From food bills to course materials and transport, here are some tips on how to budget and save money as a student. How to plan a budget Creating a budget can help you see what you have coming in and going out, and…
When it comes to investing, real estate is a solid option. It’s a physical asset with a long history of appreciation and can provide you with rental income and tax breaks. However, there are a few different ways to invest in real estate, and the method you choose will depend on your goals and risk…
If you are looking for a way to get into the real estate market but you don’t have any capital or know where to start? Then this is for you. What Is Real Estate Investing? Real estate can be an excellent alternative investment and help diversify your portfolio. Real estate investing is the process of…
A Roth IRA is one of the best possible ways to invest for retirement, and in fact, many experts think it’s the single best retirement account to have. That’s because a Roth IRA allows you to grow your money tax-free for decades and then withdraw it without paying taxes in retirement, too. But what are…
An emergency fund is money you put aside to cover a financial shock, such as losing your job, or for a large, unexpected expense. Building an emergency fund can help prevent you needing to borrow money or make difficult financial decisions in those moments, by giving you savings to fall back on. How much you…
Knowing where to start when you want to save money is the first and most important step. With small changes to the way you manage your money, you can create a clear path towards your saving goals. Here are some steps to help you get started. 1. Open a savings account Savings accounts can be…