What have you learned from your baby boomer parents? The media often play millennials off against baby boomers negatively. We see this as a lost opportunity as there are so many positive things we can learn from our parent's generation. Sure, there are things that I'm sure you'd like to unlearn and we have those too. Although my parents are far from perfect, today I want to share 7 crucial wealth and life lessons I've learned from them . Without these lessons, we wouldn't have achieved Financial Independence, become bestselling authors and created the many freedoms that we enjoy today and so m ..read more

When will interest rates go down? This is one of the most searched questions at the moment as different central banks at the moment consider when to pull the trigger to lower interest rates. If you're currently in the wealth accumulation phase of your life, I believe that this uncertain period before interest rates start to fall presents an opportunity. Most people will sit waiting and will pin their decisions on the rates falling, however, I believe there are certain things you should consider taking advantage of now before the interest rates fall. When Will Interest Rates Go Down? Truth is ..read more

Wealth transfer: Millennials, prepare to become ‘Richest generation in history' Millennials are on course to become the ‘richest generation in history’ according to the Guardian due to a wealth transfer from the Baby Boomers over the next 20 years. With so much wealth in property, pensions, ISAs, etc, there will inevitably be a wealth transfer to Millennials (Gen Z and even X) . How should you and your family prepare such that you don't give away that generational wealth in taxes? I believe you need to parent your parents, respectfully. i.e. Get involved in the admin required for this wealth t ..read more

10 best places to retire in the world on a budget. Would you like to retire one day to a warmer climate during the winter months? Today, we have a special topic that resonates with many of us – finding the ideal place to retire comfortably on a budget one day. Whether you're from the UK, the US or anywhere else in the world, this post is for you. We'll be exploring 10 amazing locations, considering factors such as: cost of living, weather, healthcare, housing, safety, and overall quality of life. This is after we asked our audience in a poll what most important to them if they retired outsid ..read more

Want a Recurring Income Stream Outside 9 to 5? Do This! We asked 22,000 people on our Instagram what they'd do with an extra £500 to £1,000 a month. We were flooded with responses and the most common answers were: Invest Pay debts Overpay mortgage Save for a house Start a business Then we asked, “if we showed you exactly what you need to do to create an extra £500 to £1,000 a month, are you prepared to put in the work?” Only a fraction of the number of people who replied initially said yes. We worked with a number of people recently to create their membership businesses that now pays them re ..read more

Debt Solutions: How to Become Debt Free This is bonus content for the readers of our debut book, Financial Joy. In our book, we covered our tried and tested 10 steps of The Debtonator® Method to help you become debt-free. These 10 steps helped us to become mortgage-free in 7 years and 100% debt-free. What if your debt situation feels completely out of control and beyond the point of no return? This is where exploring the available debt solutions from reputable debt advisers and charities comes in. What are Debt Solutions? A debt solution offers you a way to take control of your debts. There ar ..read more

6 Lessons Learned After 6 Years As An Entrepreneur Last month made it 6 years since we started The Humble Penny and we've been reflecting on what we've learned this year . If you want to start a side hustle or business, taking that first step is key. Most people can become entrepreneurs and even do it alongside their day job if they want. However, from a mindset perspective, it's important to go into it with the right intentions, put the work in and stay flexible to learn daily as things change. Recommended: Start a side hustle that pays you recurring income monthly This picture is a good exam ..read more

Saving for retirement: 40 years old and nothing saved for retirement? Do this! Something weird happens when you turn 40. You suddenly realise that you're only around 15 years away from accessing your private pension . This could then lead to panic if you have little or nothing saved for retirement. If you're in this position, it's not too late!  However, you'd need to make some radical decisions and that's what today's post is all about. If you're in your 20s, 30s, or 50s, you'll learn from this post too. Saving for Retirement at 40 Here is what we would do now in 7 steps to plan for a co ..read more

The year 2023 has been both amazing and crushing for me on a personal level. Although it’s tempting for me to look to 2024 and hope for the next best thing, I’m using this post to maintain my culture of reflecting on how this year went. Every year I write a post on 100 things that made my year.  Here are the previous ones for 2018, 2019, 2020, 2021, 2022. This is a gratitude post as it reminds me that with all that’s going on in the world, I still managed to stop to appreciate certain things and achieve some . It’s also a way for me to record my personal growth over the years as I look ba ..read more

Unlocked: I want to start a business but have no ideas for 2024 We come across two groups of people when it comes to starting a business or a side hustle. Firstly, some want to start a business or side hustle and have no ideas at all. Secondly, some have too many ideas and don't know how to choose just one idea to focus on. Which camp do you fit into? For this post, we're going to give you practical answers for what to do if you fall into either scenario. Let's start with the first one. Recommended: 5 Tried and Tested Passive Income Ideas I Want To Start a Business But Have No Ideas Here are ..read more