Paul's Blog

The Power of Cash

Jun 02, 2017



I want to talk about The Power of Cash. That might sound like a stupid thing to say; we all know the power of cash. Cash is money and we need money to live on. But I'm not talking about money, I'm talking about cash: physical pound notes and the power of using those to transform your finances.

These days almost everything is bought on credit and actually very few of us use real money to buy things. It's so easy to put our credit or debit cards into a machine and type in a pin, or, even easier, to use contactless payment and before you know it you've bought something. And that's really convenient. If you go on the Tube in London it's great, you can just touch in and touch out and it just makes life much quicker. After all, our lives these days are so manic and so hectic, we all want to be able to do things quicker and quicker and of course contactless payments and using debit or credit cards helps us to do just that.

We’re all used to using cards for everything,...

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You Can't Borrow Your Way Out Of Debt

May 26, 2017



Now I know what you're thinking. That’s blatantly obvious. Why on earth are you listening to something so crazy? Well, that's because while we might all know it, the reality is most of us do it. And that's what I want to talk about today. 

Now if we think about what it's like living in the 21st century, almost everything that most of us buy is on credit in one form or another. Sometimes, we don't even realize it. It could be something like a brand new mobile phone and you're just paying a monthly fee, but actually it's on a two-year contract. You're buying that phone on credit. It could be buying a new TV and you're going to pay for over six months. That is on credit. It could be that you have loans and credit cards and you take out another small loan. Well, of course, that's obviously credit even if you just think you're going to pay it back straight away. Taking a payday loan for example, you might borrow that for two weeks and intend to pay back in two...

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