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Please see below some questions I’ve already answered for people – they contain some useful money insights.

Mark Underdown

Financial Coach, Small Acorn Money

How old do you have to be to start your retirement fund?

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,...

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How can I make 50k in a year?

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...

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What does invest every month mean?

This question and answer originally appeared at Quora. Invest every month has two main benefits: It uses the PAY YOURSELF FIRST principle. If you commit to putting money aside every month before you get a chance to see it (and spend it) you are less likely to miss...

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What should I invest $50k in?

This question and answer originally appeared at Quora. To answer that question you need to think about what it is you wish to achieve, what your timescales are, what other needs are there for this money, what your personal views are, how you will respond to market...

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I have $400. What can I invest in?

This question and answer originally appeared at Quora. Don’t waste your time investing in anything other than your own education with that size of fund. For example, you could use it to buy a number of books in your field that will enhance your earning capacity - and...

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What is the difference between socialism and capitalism?

This question and answer originally appeared at Quora. Socialism is where the government owns capital goods - the means of production. They would also tend to try and control our consumption via regulations and taxes. The extreme end of Socialism is Communism is where...

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What’s your favorite way of saving money?

This question and answer originally appeared at Quora. Living out of a travel holdall (can’t be dealing with backpacks although they work as well). It’s a very physical barrier to buying stuff you want but don’t really need. I’ve lost count of the number of times it’s...

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Which country is ideal for your retirement plan?

This question and answer originally appeared at Quora. I would pick based on the following factors: Climate - in older age joints tend to ache in colder weather, so not surprisingly people favour warmer climates. Good healthcare - You would want healthcare that is to...

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What is the best bank or broker to invest at United Kingdom?

This question and answer originally appeared at Quora. These guys provide a great comparison: http://monevator.com/compare-uk-... Who you choose is down to personal preference and features that you need or would like. The cheapest isn’t necessarily the best. Hope that...

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