The sooner you improve your money habits and start saving and investing, the more time you’ll have for your money to grow.
If you were not reading Magical Penny a year ago, here’s what you missed:
Used correctly I’ve come to the conclusion that a credit card is like a power-tool: in the wrong hands it can be hugely dangerous to your financial life but it can be useful too, although seemingly less useful than if I were in the US, where FICO rules supreme and the perks are more tempting. Intrigued? You should be! Read on.
For many, saving money is perceived as something that deprives them of every day pleasures and happiness. They think that those who do save their pennies must be living boring lives, depriving themselves by avoiding spending money on fun things. Of course this isn’t true. I hope you’ll join me in making a commitment to disconnect happiness from spending, to avoid the hedonic treadmill and get financially fit at the same time! Read on.
In principle this plan is brilliant as it allows you to consume more when you’re young when you’re not making much, safe in the knowledge that your future self can easily afford to foot the bill. Why live like a pauper and a king when you can simply live comfortably all your life? Read on.
Remember, it’s never too late to start saving. Let me know how you’re getting on by shooting an email to firstname.lastname@example.org