My monthly mortgage cost doubled. But I also got ~5% pay increase from my employer along with securing a savings rate of 4% with my bank. But all this followed a painful inflation rate hitting 11.1% in 2022 and interest rate hike to its highest since the GFC.
All of these significantly increased the amount of taxes I am paying – I needed to actively do something. Here’s what I did.
Three ways to pay less tax on savings Read More »
UK housing were already extremely unaffordable. And most households were paying a high portion of their salary towards mortgages (also rents). We have one of the highest inflation rates within the developed world, and now even competing to look “better” against developing countries where inflation has fallen back down very quickly. To make the cost-of-living crisis worse, mortgage rates have started to hit the roof. High interest rates are hardly getting passed on to savers. And even if they did, do most of us have anything left over to even save?
UK Mortgage Mayhem: are we becoming a “developing” country? Read More »
We all saw the headlines. The Bank dropped a bombshell. There is a full-blown crisis blooming in the UK.
Read on as I summarise the key findings on our economy, why UK is expected to look worse compared to other countries and what it means for our money.
UK Recession and our money Read More »
Squid Game – heard of it? watched it? loved it? Let’s get into 7 money lessons we can all learn from this South Korean Netflix show.
what Squid game taught us about money and wealth Read More »
High inflation remains one of the most cited concerns for policymakers and consumers like me and you. With large inflation prints coming out month after month, there’s no surprise that it is making everyone a little uneasy.
But I am here to explain why inflation figures are likely come down around mid next year and remain low over the long-term.
This is not just my personal view, but the view shared by all the heads of central banks in the UK, Europe, and US, plus the IMF.
Why high inflation won’t last for too long Read More »
There is a reason why inflation is known as the “Silent Killer”. It creeps up and takes away your purchasing power over time. Inflation has been under the limelight so far this year and why wouldn’t it be? Consumer Price Inflation (CPI) have risen to 5.4% year-on-year last month in the US, compared to the Central Bank’s average 2% target. In the UK, the number stands at 2.4%. Don’t underestimate the intensity of this little number which affects everything – from individuals to countries and then rest of the world!
This post is all about our current level of high inflation and whether it will remain high for a long time. If so, how should we invest during inflation and what it will mean for our finances?
How to invest during inflation and manage finances Read More »
93% of investors believe the presidential race will affect the stock market. US stock market accounts for nearly 2/3rd of all the stocks in the world.
As the big day is only one month away, let us find out how the 2020 US election can impact the stock market and how we can better prepare for it.
Stock Market and 2020 US Election Read More »
House prices have fallen for the first time in 8 years!
2020 giving us once in a lifetime opportunity to buy a house.
0% stamp duty | 0% interest rate expectation | 90% LTV mortgages | only 5% deposits!
Is now a good time to buy a house? Read More »
Interest rate is a policy tool used to control the economy. With recession near, can interest rate go down? or become negative? How will it affect the economy?
Will Interest Rate go down? How will it affect the economy? Read More »
Crashes are scary – but ever wondered about the upside if you invest in Stock Market during the crashes? COVID led panic is creating rare opportunities!
Why invest through Stock Market Crash [COVID-19 opportunities] Read More »