“The Consumer Prices Index (CPI) rose by 5.1% in the 12 months to November 2021, up from 4.2% to October. This is the highest CPI 12-month inflation rate since September 2011, when it stood at 5.2%.”-ONS “Inflation hit an annual 5.4%, its highest since March 1992 and up from 5.1% in November, itself a decade […]
How to work smarter and not harder
Plan your days the day before Planning your days the day before can help reduce stress as a result helping you sleep better, leading to higher productivity. However, you should always prioritise your tasks and do the most important tasks first as these are usually worth more than all the other tasks put together, that’s […]
Read Time:
2 Min
0
8 Habits of millionaires: A how to be guide
Read The rich read to acquire and maintain knowledge. You might also find something inspiring in a book, which could give you ideas which you could pursue. Reading also helps reduce stress, helps you empathise with others more and also helps you improve your vocabulary, which can come in handy when networking or when explaining […]
Read Time:
5 Min
0
5 Financial Regulators and their roles explained
Financial regulators were put in place to protect consumers. These regulators came about due the lack of transparency and honesty in the financial services sector, which we could see during the financial crisis of 2007-08, where financial services providers such as Lehman Brothers were mis selling PPI (Payment protection insurance) giving mortgages to individuals that […]
Read Time:
6 Min
0
7 types of banks explained
A bank is a financial institution which allows people ie. customers to save and borrow, and provides other financial instruments such as, current accounts, overdrafts, instants access saving accounts and so on. Banks usually lend money to borrowers that savers deposited at the bank. The bank then charges the borrower interest, some of which is […]
Read Time:
4 Min
0
What everyone ought to know about blockchain: blockchain explained
The blockchain technology was created in 1991 by Stuart Haber and W. Scott Stornetta, however it was only first used by Satoshi Nakamoto in 2008, serving as a ledger of Bitcoin. Blockchain is a block of chains that contains information. As new data is added it creates a new block, which is validated by all […]
Read Time:
3 Min
1
What everyone ought to know about cryptocurrency: the basics
What is cryptocurrency? Crypto is similar to regular money, the main difference however, is that crypto is digital. It is secured by cryptography making it difficult to counterfeit. Cryptocurrencies are decentralised, meaning that it isn’t one single entity controlling it. It uses a blockchain technology where all transactions and or information is recorded on a […]
Read Time:
4 Min
1
Why we can’t just print more money
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 […]
Read Time:
3 Min
0
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 […]
Read Time:
4 Min
1
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 […]
Read Time:
4 Min
0
0