A friend of mine went on a sabbatical last year and returned to work a few months ago. We were having a long day and decided to step out to grab coffee. My friend joked that, at the current pace, he might quit again and go on a new backpacking adventure. He then went on […]
Savings
Do young people in the UK really have a shot at financial independence?
The Office for National Statistics (ONS) recently released a few interesting figures on the financial situations of 18- to 29-year-olds in the UK. I knew it wouldn’t be pretty. After all, I also was once 26 in London. Yet, I was quite shocked at what I read. Financial stability is far from a given for […]
How I hedge a significant Brexit risk with boring savings accounts
There is a lot of advice on the importance of saving. Saving is critical because it allows you to invest. However, not all savings will go towards investments. Sometimes, you need savings to sit in a cash account to build a deposit or set up an Emergency Fund. Little advice is however given on how […]
The Emergency Fund conundrum
For some time, I resisted publishing a blog post on whether one should have an Emergency Fund (or Emergency Savings). First, many blog posts had already touched on that topic. Second, it took me a while to figure out where I stood in this debate. Until now. The debate is usually framed in the following […]
How to make a lot of money during the next recession
The S&P 500 recently hit fresh highs, which also coincided with the longest bull run ever. The S&P 500 is an American stock market index based on the market capitalization of the 500 largest companies having stock listed on the New York Stock Exchange or the Nasdaq. The index is a useful snapshot of the […]
How to build a financial safety net in five concrete steps
I often read the same question: how should I save? Where should I invest? Should I quit my job and launch this super cool business? All of those are valid questions but they often lack context. The advice will not be the same whether you have saved £10,000 or £100,000. The advice might also be […]