InvestingStrategies

What Is SIPP? (An Ultimate Guide To SIPP UK)

TL;DR: A Self-invested personal pension (SIPP) is a tax-advantaged retirement account in the UK. SIPPs give individuals the freedom to invest in a wide range of securities and not just those approved by the company. You must be 55+ years old to withdraw from your SIPP. One of the major goals most people have in their working career is to save enough money for retirement. After working for…
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FinanceProperty

How Has Airbnb Affected the UK’s Housing Market?

What Is AirBnB? Unless you have been living under a rock you have probably heard of Airbnb. Founded in 2007, Airbnb has exploded into a multi-billion dollar business and operates in over 190 countries across the world. After all, the idea of being able to rent a cozy…
InvestingProperty

4 Things to Look Out for When Buying A House Or Property

We understand that the property market for young people is abysmal According to Statista, the average price of a house in the UK as of July 2019 was £232,000, up almost 100% from the average price of £157,000 in 2009. Considering that the median annual disposable income for the average household in the UK is just over £1,000, that means it would take the average Brit nearly 20 years to save…
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InvestingProperty

How Much Should You Spend On Rent And Utilities In The UK?

Traditional wisdom states that basic housing expenses like rent and utilities should cost no more than 35% of your annual monthly income. We know this is hard to do in today’s economy and housing market, so we recommend a more relaxed percentage of 45%. For many people, basic living expenses like rent and utilities eat up the majority of one’s income. Even worse, housing and utility prices…
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InvestingStrategies

5 Passive Income Ideas That Still Work In 2021

So you have a job but want a way to earn some extra dosh on the side? While many are crushing it, making extra money via the gig economy (ala Uber, Upwork, Fiverr etc), none of these are in any way, shape or form — passive income. The reality is — not…
InvestingProperty

Why Millennials Aren’t Buying Homes Anymore

If one thing is obvious about today’s economy, young people are not buying houses as much as previous generations. According to Business Insider, only a third (31%) of UK millennials own any property at all, behind the global average of 40%. Further, only 74% of UK millennials reported they planned to buy a house in 5 years, the lowest of all countries analysed. These results lead one to…
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