For as long as I can remember my parents always taught me to save my money and not waste it on rubbish that wasn’t needed. I must admit money used to burn a hole in my pocket when I was younger 16/17 wish. I worked a job on the checkout at Morrisons and each month my very small wage used be wasted on anything that I wanted and nothing I needed.
At the age of 18 I was lucky enough to buy my first house with my then partner with the help from my parents and at that point I totally changed my spending habits. I went from wasting money on nothing to saving ever single penny I could. We would pay the mortgage and bills first and then anything left over at the end of the month would be saved into a bank savings account. I soon realised that the interest rate that you get from a bank account really isn’t the best but at the time I didn’t know about any other options. I had heard my Mum and Dad talking about shares a lot as my Dad had a lot of shares in the company he worked for. At the age of 18/19 I didn’t have the knowledge to be able to invest myself into stocks and shares. Over the last couple of years there have been many stories that I have read about young people investing in stocks and shares and earning a pretty fortune.
If like me you would like to get the most out of your money rather than it just sitting in the bank earning nothing, you can invest in other places. Companies such as wealthify (which you can find here) can help you invest your money and create a plan that suits your needs and attitude to risk. There are many factors they will take into consideration in order to get the best investment for you. It is all tailored to suit you and what it is you are looking to get out of your investment. If you have no previous knowledge of this type of investment Wealthify will talk it all through for you so you fully understand, so no previous experience is neccessary. AVIVA the insurance company have hold the majority stake in the company which can give you that piece of mind.
Like me I always want the most return on my money so what ever you do decide to do wether that’s leave it in the bank, invest in stocks and shares, property only take a risk that you are happy with.