The Finance Revolution – What’s New?

Financial investments in the past have been thought of as a niche practise for the well-versed in business and finance, with the option for the many being ISA’s and saving money. Today, thanks to the booming revolution in the accessibility to such services, everyday consumers have a quick and easy way to access these services without the hassle surrounding them in the past.

MoneyBox, and other investment services

A great example of a service provided today is MoneyBox, an intuitive, quick way to invest your spare capital in companies you know and trust. The idea is simple – an app is installed on your smartphone or other device, and logs your spending on the card you connect. For each spend, the app will round up the cost to the nearest pound, and will save the excess amount into your savings on the app (for instance, if you spent £2.20 during the day, the app would take 80p on top of this spend and move this to your savings). At specific times, the app will then take the total savings you have, and distribute it into a number of different brands as stock. This investment is then under your control and monitoring, with the help of the app alerting you of the money you have gained or lost in real-time as the price of that stock changes.
The beauty of a solution like this is that the entirety of the process is contained within one very simple app, whereas at the advent of popularity with investments multiple services would be needed from many different services, which can reduce security and stability.

Smartphone banking

With the availability of transactions via card, it’s more important than ever to have an instantaneous overview of spending via notifications, and have the ability to control your card without dreadful waiting times. Online banking and smartphone based apps for your banking help alleviate the frustration of calling up your bank to make a change, and swap this experience for a responsive control centre at your fingertips. This is where a service such as Monzo can come in. Monzo is an independent banking solution which provides you with a great alternative to a traditional current account, alongside their advanced app on your smartphone which can monitor anything you do on your card as well as ‘freezing and defrosting’ your card, should it be lost or stolen, instantly.

Robo-Investing

Unlike some of the utilities that just let you invest money easier, a robo investing service will provide you with automation of some of that process. Asking a series of questions about you and your plans for investment, the utility will match you to one of its predefined profiles, investing based on the risk level your answers gave with a set budget. The automation can detect some trends in data like a real analyst would, moving your investments accordingly and acting on real-time data from a variety of different feeds faster than this could be done manually. The great feature of this kind of service is the peace of mind it could give over the entire process – being able to react to changes 24/7, the system can advise on changes that should be made to your investments without having to compromise your time monitoring changes constantly. One such service is MoneyFarm’s Robo-Advisor, a tool which can quickly help you achieve your investment goals without breaking the bank.

How To Make Employers Fall Over Themselves To Hire You

There are few moments in life more nerve-wracking than being sat opposite someone who holds your future in their hands. A job interview is one of those things that we all have to go through multiple times in our lives, but it never really seems to get any easier. However, there are a few simple things that you can do to make any employer desperate to hire you.

 

Make a great first impression

As the old saying goes, you never get a second chance to make a first impression, and few first impressions count more than the one at a job interview. Of course, the first thing you should do is make sure that you’re on time, if not a little early. When the interview itself actually starts, offer a firm handshake. If they offer you a glass of water, accept it. For one thing, this will show a degree of confidence, but it’s also just useful because your mouth is likely to dry out pretty quickly during an interview.

 

Make yourself stand out

There’s a good chance that the interviewer has seen dozens of people that day. Which means that the pressure is on you to make yourself stand out, to show them what makes you unique. Now, there’s almost certainly something about you that is unique and stands out, the key is just being able to communicate that fact to them. The only real way to be able to do this effectively is to practice and prepare as much as possible.    

 

Remember that you’re there to solve their problem

There’s a strange idea that many people have when it comes to job searching that all of the pressure is on you to impress potential employers, who are the ones holding all of the power and you’re just desperately trying to get them to hire you. And yes, it is definitely your job to demonstrate to them why you’re the right person for the job. But there’s one thing that far too many people forget when they’re being interviewed. That employer had a problem, and they’re looking for a solution. They want to find the perfect person for the job. If you go into the interview with the mindset that you’re the solution to their problem, not only will you be able to communicate the things that they want to hear more effectively, but it’s going to be a huge boost to your confidence as well.

Now, doing these things isn’t going to take all of the fear out of an interview, though they will certainly help. If you’re feeling incredibly nervous, then remember that there are plenty of different ways to relax yourself. Deep breathing can be incredibly useful, as can doing as much research in advance, so you’re fully prepared. There are a lot of ways to stop yourself being nervous, but the key is simply to present yourself as confidently as possible. If you appear like you’re in control, then any employer is going to pick up on that.

Handling Your Personal Finances Like A Business Owner

The best way to handle your personal finances is to imagine that you’re running a business. The business, in this analogy, is your life. Obviously, you’re not selling a product or a service, but you are trying to make money and stay in the green. Additionally, you’re trying to invest that money in improvements to your life and also safeguard the future of your family. There are many similarities between a well-run business account and a well-run personal account. If you want to improve your money situation this year then here are a few examples of ways in which you could start to handle your personal finances like a business owner.

Write up a budget.

This is something that we all know we should be doing but very few of us actually do. Yet, so many financial problems could be avoided with a little bit of planning and foresight. You can’t control everything in the world when it comes to your money, as we’ll discuss throughout the article, but you should draft up a plan for the aspects of your finances that you can control. You should calculate how much of your income needs to go towards essentials such as mortgage payments, utilities, and groceries on a monthly basis. Your disposable income is the income that remains.

Of course, your disposable income isn’t just “spending money.” You need to learn to live within your means. And you might have necessary payments to make on a temporary basis. If you owe money then this should be a priority before spending your earnings on non-essentials. You might even want to look into credit consolidation so as to put all your debts together in one manageable monthly payment if you’ve been struggling. The point is that you need to handle your personal finances by organizing them into manageable bundles. You should also make sure you tie up any loose ends if you’re owed money by others. Make a note of all income and expenditures on your budget so as to track your wealth increase (or decrease) on a monthly basis. If you’re struggling to increase your wealth then the following advice might help…

Invest to create an additional income stream.

A business will invest in new projects so as to increase its profit potential. As an individual, you should consider doing the same. Obviously, the types of investments you’ll be making will differ vastly from a big corporation, but the end goal is the same. You want to increase your wealth so as to give yourself a more comfortable future. Much like a successful business, you already have a steady source of income (your salary), but you don’t want to put all your eggs in one basket. Opening up additional sources of income can offer you some financial security and peace of mind.
When it comes to the type of investment you’re going to make, consider the risk-averse route. Investing in stocks and bonds or assets with fluctuating values is a game you should only play with caution. You might want to start by looking into the property market. This market still comes with its risks, such as fluctuating house prices, but there’s no entirely risk-averse industry. Property, at the very least, is an asset that has been valuable since the dawn of man. People need homes. Plus, with some research (and a dose of DIY), you can make a sizeable profit from buying, renovating, and selling houses. It’s all about gauging the market and price values in certain locations.