Debt, that stranglehold around our finances as well as the cause of sleepless nights and daily worries for many of us, doesn’t look as if it will be going away anytime, soon, for us or the global economy!

So what should we do about it? We should get financially educated, because financial education is the only way to combat the debilitating state ’debt’ creates for many of us. We need to increase our knowledge of debt in order to overcome our fear of it.

Read the rest of this entry »

There is a saying which goes ‘you need to know where you’re coming  from in order to know where you’re going.’ To a certain extent this is true! We are, after all, a product of our upbringing and conditioning, and then as we become adults, our social circles and peers.  It is these influences that ultimately guide our decision making and choices.  And as such, if you are really serious about your financial future and becoming (more) financially savvy, then it is vital that you do the following; -

Read the rest of this entry »

Anyone for a financial MOT?

Irrelevant of any economic season, good or bad, it is always healthy to have a MOT on one’s finances. We do one for our body, for our car, so why not one for our money?  It all makes for a financially savvy and sound foundation in which to grow and create one’s wealth, as in a garden of fruitful produce.

Thus, I am pleased to introduce to Becoming Financially Savvy readers and subscribers, Life UK Financial, a new UK financial service, launched in January this year,  that offers a unique FREE membership in order to provide YOU with a smarter and more convenient way of seeking FREE financial advice, manage your finances and purchase all the products and services you already buy such as insurance, mortgages, loans, wills, investments, pensions, tax planning etc, from their panel of FSA registered key advisors.

Read the rest of this entry »

In keeping with the theme of the current wealth creation series I am doing, to coincide with the start of  new financial (tax) year 2010 -2011, I thought I would write about the various income models one can use to create wealth.

Read the rest of this entry »

When it comes to financial education one of my favourite authors is Robert Kiyosaki! He took an unpopular subject: Money and how it works, and broke it down for the everyday person making it more popular and easier to understand; as well as more accessible and applicable to the average person and their lives.  His books have changed people’s lives!

Rich Dad, Poor Dad, his most popular and best-selling book has sold over 17 million copies; was on the NY Times best selling list for going on seven years, and has been translated into fifty-one languages.  From that first book, seven other books have followed making up the Rich Dad series, including one called ‘Rich Dad’s CASHFLOW Quadrant.

Read the rest of this entry »