Printing more money in theory should mean that people will have more money and as a result will be richer, right? Wrong! Printing more money would mean that there would be more money circulating in the economy, so people would have more money. However, usually when people have more money they spend more, meaning the […]
What everyone ought to know about financial technology: fintech explained
Fintech stands for financial technology. It includes anything from online banking to virtual currencies. Overall it stands for any technology that is used in finance. Benefits of Fintech to individuals Fintech can make financial services cheaper for individuals for example, they might provide free debt advice and so on. Fintech can be more efficient. For […]
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How to achieve financial freedom
Financial freedom is when you can afford all your mandatory, essential and discretionary expenditures, so you can live a comfortable life and are able to pursue your passions and so on without your income limiting you. Financial freedom can most easily be achieved through having multiple sources of income for example, income from your job […]
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How to maximise your rental income, for real estate investors
There are many ways you can maximise your rental income, many of which comes down to adding value to the property which can take many forms including: Adding an en-suite Upgrading the kitchen Adding another bedroom Getting a property with a garden or parking space or both Accepting pets Remortgaging to a better rate, which […]
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What everyone ought to know about Buy to Let mortgages
A buy to let mortgage is a loan taken out for a property with the intention of letting it out to tenants, with the loan being secured on the property. The final aim is to get tenants to pay rent with which you cover the costs of the mortgage and once the mortgage is paid […]
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10 Places with the best and worst rental yields UK for real estate investors
Rental yield is the return you can expect to make on a rental property in a year. Its represented as a percentage. You can calculate your rental yield by dividing your annual rental income by the value of the property, times by 100. Cities with the best yields 2021 Glasgow 7.52% Manchester 5.19% Birmingham 4.92% […]
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Factors affecting your rental income in real estate investing
There are many factors that can affect how much you make from your rental properties some of which you cannot control however, there are some factors which you can control. Thus, I’m presenting some of these factors to you to help you increase your rental income and maximise your wealth. 1.Location of the property This […]
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5 Passive income ideas explained
“If you don’t find a way to make money while you sleep, you will work until you die.”-Warren Buffett Passive income is income that requires little or no effort to maintain once created. It is the opposite of active income as you don’t need to continually do something for it every day, for a set […]
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How zero based budgeting works
Zero based budgeting is very similar to the envelope method but its more precise, the idea originates from business accounting. Its a type of budgeting where you allocate every single penny you earn to a different budget envelope. You have to identify any expenditures you will encounter, usually over the next 12 months and than […]
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Steps involved in budgeting: 4 steps explained
A budget, a plan listing expected expenditures and incomings over a set period of time, is a short term financial plan but over time it accumulates into a cash flow, a longer term financial plan. Steps involved in creating a budget Step 1. Identify and list all of your incomings These might include earned or […]
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