Income generated from activities other than through employment (job or contracting), can be considered as passive income. Majority of passive income is generated through savings and investments. Examples of passive income sources: Interest Income from Banks Earning interest on the money sitting your bank account is not automatic. It requires active decision by you picking […]
The “half your age” rule refers to the percentage of your pre-tax salary you should contribute when starting to save for retirement. In other words, you have 0 in your pension plan and want to have an indicator for how in percentage terms you need to contribute on a regular basis for a moderate retirement. […]
Are you paying for mobile insurance? Did you know that you can get similar insurance for less through your bank and save money? If you have tried to have your phone stolen or experienced having damaged your phone, you will likely opt in to insurance offered by your mobile network such as Vodafone. But have […]
The 50/30/20 rule is a budgeting rule created as a guideline on how to use your income. It considers your take-home income and splits it in three categories: 50% of net pay for needs, 30% for wants and 20% for savings and debt repayment. Needs – 50% 50% of your income should go towards necessities […]
P/E or Price to Earnings ratio, indicators how much an investor is paying for every 1 unit of earnings the company makes. The P/E ratio is commonly used by investors to determine whether it is favourable or expensive to invest in a company. Ultimately speaking, the ratio illustrates the market value of a company. High […]
Exchange Traded Funds or more commonly known as ETFs has become a popular way to invest in the stock market over the recent years. What is ETF? ETF is an instrument that enables investors to buy and sell anytime during trading hours on the market. It comes in many forms. Meaning, an ETF can be […]
Investing regularly in the stock market can help generate additional income also described as passive income. Over the last 50 years the stock market has on average generated an average yearly return of around 7%, or 10% if reinvesting dividends. This has been calculated by looking back how the market has generated return during the […]
Technical analysis in the investing and trading universe has been a hot topic for years and continues to be. Whether you are new to investing or a savvy investor, getting familiar with the methods of technical analysis could improve your trading style or at minimum provide some insight. The most popular methods in technical analysis […]
In addition, I have written down a few frequently asked questions that hopefully addresses any outstanding questions you may have on copytrading. How do I copy a trader on eToro? First step is to find the trader you want to copy. Finding the trader that has a investment strategy that fits your preferred risk level […]
Imagine earning income from somewhere else than through a job or contracting. Yes, I am talking about Passive Income. Generating earnings from savings and investments is what I will try to break into an easy to follow guide so that you can get started today. All with the goal of becoming wealthier. Why £5 a […]