Small Acorn Money has been established to teach you how to take control of your money and make better financial decisions.
This will be achieved by writing ebooks, producing giveaway guides, creating educational digital courses, posting regular tips and opinions through the blog money musings, and answering your general money related queries via ask about money.
If you would like a more bespoke, educational, financial planning service, you can create Your Plan, where I will help you take control of your finances and develop a comprehensive financial plan to ensure your money is aligned to your life and goals.
Two lessons that provide the foundation of Small Acorn Money are based upon the two quotes to your right. These lessons are simple to learn, yet are so often entirely ignored:
1. Spend less than you earn.
2. The power of compounding interest.
When you combine the two most important lessons outlined above, you will find your prosperity will gradually increase and your life will be enhanced; much in the same way as an acorn grows into an oak tree over many years.
But these two lessons are just the foundation. There are many lessons to learn.
With all of the available investment options, how do you invest wisely? How do you ensure you have financial freedom? How can you enrich your life and increase your family’s prosperity?
Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays itAlbert Einstein
Annual income twenty pounds, annual expenditure nineteen pounds nineteen shillings and six pence, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery.Charles Dickens, from the book David Copperfield
With the uncertainty of the future, changing local and global economies, political upheaval, and unpredictable and sometimes unstable financial markets; our savings are always at the risk of some form of loss. Savings kept in the bank can assure the security of your...read more
Spend less than you earn. Don’t spend money you don’t have on things nobody needs. These tips, like many aspects of managing money, are rather simple, and yet I can guarantee there will be thousands, perhaps even millions, who ignore this sound advice and get...read more
Almost half of all British households pay for a premium TV package. By the end of 2014, the three largest pay TV companies were: Sky TV, with 11,245,000 homes. Virgin Media, with 3,780,000 homes. BT, with 1,400,000 homes. Don’t get me wrong, I think these companies...read more
Rather than dealing with the issues created by decades of ever increasing debt, we appear to prefer a policy of denial and repetition of the same mistakes. Our politicians and central bankers appear to be playing a modern game of hide and seek, as poorly played by...read more
Here are the 7 steps to financial freedom: 1. Avoid debt like the plague. If you are in debt you owe your time and labour to someone else. You are a serf. To have financial freedom you need to be free from debt. 2. Spend less than your earn. Spending more than you...read more
This question and answer originally appeared at Quora. As early as possible; yesterday would have been better. In the UK you are able to start a pension from birth. Your parents or grandparents can contribute up to £2,880 pa and you will receive basic rate tax relief,...read more
This question and answer originally appeared at Quora. I'm a sophomore in college, therefore I have no degree yet. How can I make 50k in a year while still being a full time student? I'm specifically interested in making passive income. The passive income you are...read more
This question and answer originally appeared at Quora. Update: I'm up to $7,000! It largely depends on when you will die. If you live until you are say 100 (which is quite feasible), then you will most likely be physically and/or mentally unable to work. You really...read more
My mother, age 63 is receiving a $100K life insurance payout. She has no income and little saved for retirement. What should she do with the $100K?
This question and answer originally appeared at Quora. Firstly, I’m sorry to hear about your family’s loss. In these times the most sensible thing to do is to take your time. Don’t make what could be irreversible financial decisions if you aren’t in a clear financial...read more
This question and answer originally appeared at Quora. Firstly well done! I’ve written a little about how suddenly receiving a large sum of money can be a little bit of a shock or overwhelming. You will no doubt suddenly feel like you have all these extra things to...read more