Top Tips For Novice Investors

Investing can be a great way to boost your income, especially if you’re looking to clear debts or save for your retirement. Thanks to the internet, it’s becoming easier and easier for people to get into investment, even those with no real financial knowledge. If you’re thinking about investing, but have no clue on where to begin, these top tips could help you discover the benefits of investing and help give you the best start possible.

Have a go at fake investing

Investing can be a gamble, especially if you’ve never done it before. Launching yourself straight into high-risk, costly investments without knowing what you’re doing could spell disaster. One way you can learn whether or not you’d be a good investor is to try out some virtual trading apps that serve as training wheels for the stock market – giving you fake cash to play with and real market results to see how you would fare.  It’s a good way to inspire confidence, or it could help you scratch that itch of wanting to invest and help you realize that it’s not for you after all.

Try spare change investing

Spare change investment is quickly becoming the investment tool of choice for millennials. There are pros and cons of spare change investment, but if used correctly it could help you make some investments without having to spend a lot of money. They work by rounding up the purchases made on your credit or debit card, that would otherwise be ‘spare change’ if you’d paid in cash, using the money accumulated to invest into different stock and shares. While unlikely to offer significant gains, the percentage returned could actually be worthwhile for the sake of investing a few extra pennies from your everyday spending. Make sure you set up some limits if you pay by card often to stop you investing more than you’re comfortable with.

Invest in what you know

Investing in something that you know and understand is more likely to pay off than if you were to invest in something that is completely unfamiliar to you. Some people like to invest in companies that are well-known, and they are familiar with like Apple or Facebook, while others might choose a company that is related to the field they work in or have studied. If you work in healthcare or insurance, for example, investing in a company like Health Insurance Innovations would be a good fit for you. Having a clear understanding of a certain industry could help you make better decisions about when to buy and sell and stop you falling into the trap of buying into the best-looking offer.
Investing for the first time is a challenge, but there are some great resources out there to help you learn the ropes. Taking a look at the best areas to invest in can help you see the range of investments out there and find the best option for you. Keep reading up on top investment tips to help you become a more confident and successful investor.

Personal Finance Mistakes You’ll Live To Regret

You might think you only need to watch your finances carefully if you’re struggling to make ends meet, or if you have a business. Well, my misinformed friend, you’d be wrong. The fact is, no matter how much money you earn and how you’re making it, you need to take care of your personal finance.

If you fail to keep a close eye on this, then you might very well end up struggling, or much worse, in the future. It’s fun and games until you can’t afford medical care and you have bailiffs knocking at your door. To help you out, here are the personal finance mistakes you’ll live to regret:


1. Not Having A Plan For Your Money

It doesn’t matter how much money you make, you need to have a plan for your money. It’s all well and good spending as much as you want on what you want, but eventually, this will catch up with you. Make sure you keep enough in your account for your bills. Set some aside for a rainy day. Decide how much you can put into investments – this is the only real way to build wealth! Then you can set yourself a satisfactory number to play with and buy what you like. This is the only sensible way to use your money!

Having goals for your money is a good idea too. Do you want to be able to buy your own house in 5 years? Perhaps you want to have invested in a number of properties? Think about it carefully and set them for yourself.


2. Getting Into Too Much Debt

Some debt is necessary. After all, you want a great credit score. This means getting into debt you can handle and paying it off on time, with things like credit cards. However, getting into too much debt is a no go. If you find yourself doing this, you’ll need to be honest with yourself as to why you’re spending more than you can afford. If you fail to do this, eventually, you’ll be meeting with bankruptcy attorneys to help you get out of the mess you’re in. If you’d like to stay stress free, it’s a good idea to only get into debt you can afford.  


3.Being A Non-Stop Consumer

We’re programmed to believe that the next thing we buy will make us happy. That’s why we’re never done buying ‘stuff’! We’ve all felt excited by a new purchase and then noticed when the novelty has worn off and it’s just another thing we own. Aim to be more minimal with your spending.


4. Failing To Think About Purchases

If you’re thinking of making a big purchase, think about it properly first. Don’t consider it for a day and then go right out and buy it. Think about it for a few weeks, at least. If you find that you stop thinking about the product in this time, you probably didn’t really want or need it.


5. Not Discussing Goals With A Partner

If you have a partner, and even a family, having regular meetings to stay on top of goals and make sure you’re on the right page is a must!

Don’t live to regret these personal finance mistakes!

The Most Important Areas To Cover In Your Business

When owning a business, there are a lot of areas that get overlooked. You can find so many different pieces of information that explain the importance of this and that, but how much of it do you actually listen to, if any? A lot of the time, business owners are guilty of thinking they know everything they need to, but in fact, the key to running a business is accepting that you will always have more to learn. – Don’t fall into that trap of being arrogant. Confidence is good, and will push you to reach places you may be never thought you could, but arrogance will tarnish you. So as the experts say, “be a sponge” and absorb as much as you can. It will pay off.



A lot of people will make a budget, but only around half of them will actually stick to it in the following months. Yes, it can be very hard when you see all the different costs that you may be required to pay. Sometimes you may feel like if you just go over the amount that was planned originally, you’ll have more chance of earning more back in the future. But think about it for a second – if you had created a realistic and reliable budget to begin with, you would already have everything covered, even those hidden financial demands. So if you’re second guessing yourself – rewrite your budget.



Some owners will assume the role of accountant within their business, managing their finances themselves, and while this is possible, it will be a lot of added effort and pressure on you. Plus, if you aren’t experienced in this area, you may overlook some very important information which (worst case scenario) could lead you to bankruptcy! It’s such a fine line that really deserves a professional to look at, so it may be best to get in touch with accounting services who know exactly what to look after and pay attention to.



If no one knows who you are, how do you plan on getting business? It’s as simple as that. That’s why it’s so important that you get your business out there in every possible way. You want to think about promotions, tv and radio ads, magazine articles, etc. Know that these will cost you money though, as the company is essentially supplying you with their service. If you’re trying to keep costs down, then social media is what you will want to turn to. Networking platforms such as Facebook, Twitter, and Instagram are the modern ways of being seen. As long as you post interesting content that your potential customers and target audience want to see – you’ll be creating yourself leads. And they lead to sales, and that leads to money.

So no more excuses as to why your business isn’t working out the way you thought it would. You have the answers, now do something productive with them and start earning your way to the top.