How to manage a million pounds
Tonight, as part of the Euro-millions lottery there will be a draw for the UK Millionaire Raffle. In theory, 100 millionaires could be created assuming all the winners claim their prizes. A million pounds, it sounds such a lot of money…
How to make your first million 2
On paper
In my first ‘How to make your first Million’ blog, I said you need to understand the nature of money and that the paper stuff goes down in value. This is because they keep printing the stuff! That gold sovereign in the picture however, goes up in value. I know, I know, gold is going to drop in price any minute and I should sell and invest in shares! It dropped a little last week and then went up yet again, people said sell at $1,000 a ounce, $1,500 an ounce and we are on our way to $2,000 an ounce! When interest rates rise and they are higher than inflation, then I would think; maybe, that selling is a good idea. (more…)
How to make your first million 1
Understanding money
Before you can make a million pounds or a million dollars for that matter, you have to understand money. You must realise it is really paper and it goes down in value; unlike the gold coin in the picture that has gone up in value compared to the paper fiat money by 50% in a couple of years! I wrote about that in Frugal Friday | Saving Real Money and you might like to read that. (more…)
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