The four percent rule is a well-documented basis for retirement portfolio withdrawals. It’s even become a cornerstone of financial independence planning for many. But how useful and relevant is it in reality? And what risks does it bring?
The choice between paying off a mortgage early or putting spare cash towards financial investments is a battle between emotional intuition and financial logic. Consider the advantages and disadvantages carefully before making any decision.
Stocks and property are perhaps the two most popular passive income investment strategies. But before directing cash to them, it’s important to understand their risks and limitations, as well as the potential passive income benefits.
Our upbringing, our social circles during childhood and even our genetics can contribute to our attitudes to money. But just how much of our saving habits today can we attribute to these factors? And are we really in part pre-programmed to our financial paths?
Identifying how much cash is enough for our emergency funds is not always straightforward. To avoid the perils of too little or too much cash, here’s some guidance to help determine the right amount for you.
Academic research has long sought to explore a link between money and happiness. But can money really buy happiness? And what are the implications on our own relationships with money?
In 2008 we faced one of the deepest global recessions in economic history. Now, a distorted global recovery and the inevitable nature of economic cycles leave us imminently facing another. This one could be even worse – and we need to be prepared for it.
Obsessing over our personal finance journeys can have harmful consequences for our physical, mental and even financial health. I set out to understand if I was obsessed with money and what I could do about it.
Data on the average net worth of individuals in different age groups in the UK provides some revealing insights about the make-up of our personal finances. But what lessons can we glean from it for our own personal finance journeys?
When we enter a supermarket, we are unwittingly subjected to the result of decades of psychology research on consumer behaviour. But just what tricks of the mind are they up to? And what can you do to avoid their spending traps?
A body of behavioural economics and psychology research offers some interesting lessons on how we can foster a savings mindset – and maybe even unthinkingly become more productive and healthier with it.
Putting a room or space in your home up for rent can be a great source of additional income as you work towards financial independence. Here are some important things to consider before you get started.
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