Category: Principles
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Credit cards are expensive, aren’t they??
Key Takeaways Credit cards are a way of borrowing money, with most adults having at least one card in the UK. They are known for having a relatively high interest rates, typically starting around 20% per year but they can run much higher. I use credit cards a lot, however they are my lowest cost…
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Compounding
Key Takeaways The number one thing that triggered my interest in investing and has influenced my decision making was the concept of compounding and what it is capable of. Nothing can demonstrate compounding better than a graph… An initial £1 turns into £2.60An initial £100 turns in £260An initial £10,000 turns in £26,000 Starting with…
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