13- Nov2020
Posted By: abundanceaware

How Do Immigrants Become Successful

Putting sentiments aside. There is a growing belief that immigrants tend to make great entrepreneurs and end up being more successful than most locals. Why do immigrants make great entrepreneurs? How do they become successful despite the odds initially stacked against them? Is there an advantage that they have?

Several pieces of research have been carried out to back up the above claim.

According to research by Kauffman, over 27 percent of U.S. entrepreneurs are immigrants. This is despite immigrants being only 13.5 percent of the population. In fact, Forty-three percent of the companies on the 2017 Fortune 500 list were either founded or co-founded by an immigrant or had an immigrant lineage.

Looking at this phenomenon from a layman’s perspective, it doesn’t make sense. Many immigrants like me come from third world countries and have to start from zero. Many don’t even speak English so I understand why it doesn’t make sense when judging from the surface.

But is that the right way to assess this?

An article by Andreas Porous in 2015 showed that immigrants are about two times more likely to start their own business and four times more likely to become a millionaire.

So why are some immigrants more successful than the natives?

1.      Hunger for success

Perhaps this is the biggest reason for immigrant’s success in foreign countries. Most immigrants unlike locals come from faraway lands with only one thing in mind – greener pastures. Most of we immigrants know we have to succeed no matter what. No one wants to go back to their home country empty-handed. It is only normal that such persons develop a mindset of resilience and ingenuity to succeed.

According to an article on Entrepreneur, Roman Martynenko, COO of Astound Commerce, the world’s largest independent digital commerce agency, once said, “It’s all in our heads! We understand that nothing will be handed to us on silver platters. Every single win requires sweat and tears.”

In the same article, Francis Dinha, CEO of open source security provider OpenVPN, also explains, “The country was incredibly dangerous. I lived through bombings, witnessed people executed for speaking out against the government, and much more.” Dinha is an immigrant from Iraq who fled to escape Saddam Hussein’s brutal regime.

2.      Embracing Risk

How do you tell an immigrant who after repeatedly getting his VISA rejected that he won’t succeed in his new country? For most immigrants, leaving their home country for foreign lands is a dream come true. For most locals overseas, journeying to foreign lands is a vacation. This little analogy best explains why immigrants eventually enjoy more success. There is a similarity between Entrepreneurial activities and migration, both are uncertain and involve risk. So while an immigrant is more willing to embrace risks because of his success or nothing mindset, locals prefer to keep things safe. It’s sort of complacency of thought brought about by being in one’s comfort zone.

During my early years in the United Kingdom, I took up night shift at Royal Mail sorting warehouse and some other odd jobs. I wouldn’t do those jobs in my home country even if the salary was the same.

Available on all Amazon marketplace

3.      Hustle over passion

For most immigrants, making money is the ultimate goal. There is a popular quote among hustlers in Nigeria, “I no come Lagos to count bridge.”

It means “I didn’t come to Lagos to count bridge. I came to hustle.”

Most immigrants will do any job so far as they are getting paid. You rarely see a first-time immigrant looking for a job in a field he is passionate about. This is where our mentality defers from locals. Locals have the luxury to be selective, we just want to survive.

There is a mindset among us that no matter how small the payment is, it can’t be as bad as what we left behind in our home country. An immigrant is driven to have multiple jobs because that increases the earnings.

Locals have the luxury of being passionate about employment because it is their home country. Some immigrants also have this luxury but a good percentage doesn’t care at first really. The first instinct is to survive and get a foothold.

4.      The 80-hour work rule

Immigrants are workaholics. This is something most locals aren’t. You rarely see immigrants embrace the 40-hour workweek. There is beauty in more for most of us.

Most locals are after quality life and that sometimes involve working fewer hours every week. Most obsess about how to work fewer hours.

This isn’t the way immigrants think. As I mentioned earlier, “there is beauty in more.” Most immigrants are ready to work 60, 70, and 80 hours a week or more. This sometimes means having 2-3 jobs and multiple shifts.

Of course, it isn’t healthy but more money is being made as a result.

I remember working so many hours during my master’s degree program that I barely passed the program itself. But I needed the money working afforded me at the time to survive and help out my sister.

5.      Being frugal saves more

My wife has always being a minimalist. I also adopted the minimalist approach to life a few years ago. This is how most immigrants are.

Making money is hard but saving it is easier so we adopt frugality. An immigrant won’t work 80 hours a week only to lavish it on luxury.

Discounts, thrifts, and sales are some of the things most immigrants look for. In fact, we are never afraid to ask for discounts.

6.      “No” is not an answer

One thing you can’t tell an immigrant to do is give up. The ability to keep trying stems from our unwillingness to fail. For us, failure isn’t an option. Most of us come from too far away to have our hopes dampened by a few rejections. We will just keep hammering away.

7.      Pursuit of happiness

Why would I decide to leave the comfort of my home country if I was happy there? The truth is that no one would do that if our countries flowed with opportunities like honey.

Deciding to migrate to a new country is as much a pursuit of change as it is survival. I decided to heed my sister’s advice and come to the UK because I was looking for a change. I knew and decided at the time that my country can only take my dreams so far. The only realistic projectile for me was to leave.

My master’s degree program brought me here but I did everything possible to stay. I even almost gave up at one point.

According to Dinha, “Immigrants must work incredibly hard to adjust to a new culture and way of life. They often have to work harder and learn more than their native-born counterpart because of language, cultural and societal barriers.”

 Immigrants don’t have the luxury of failure. We have come too far to accept failure as an option. The only word we know is success, even if it begins with working excess hours every week.

Dinha added, “An immigrant knows a good opportunity when he or she sees one; that’s how they got here in the first place.”

An immigrant’s dream is to succeed in an alien environment. Starting from zero isn’t a problem since we have a vision of where we want to be. I came to the United Kingdom a nobody just looking to explore and expand his horizon. But today my wife and I work with the NHS and live a very healthy life. That is the immigrant dream.

My journey as a first-generation immigrant is well documented in my book and you can get yourself a copy here.

The book is available on all Amazon marketplace.

28- Oct2020
Posted By: abundanceaware

Why everyone should invest in the stock market

The stock market has been around for a very long time. The history of the stock market dates back to the 12-century in France.

The formal stock market started in Amsterdam in 1611 when stock exchange was established.

The worldwide market capitalization of the stock market which was around US$2.5 trillion in 1980 is now over US$68.65 trillion.

What is the stock market?

Just like any market place where people can buy and sell items. The stock market is a marketplace where individuals and institutions buy and sell shares of various companies that are listed on the stock market.

In plain English, the stock market provides opportunities for everyday people to own a piece of any publicly listed company.

For example, I use the service of Amazon to buy various household items. Amazon is a publicly listed company. I can buy a share of Amazon and become a shareowner with Amazon.

Perhaps, you have an iPhone which Apple makes, or you have a running shoe which comes from Nike factory. These companies are listed on the stock exchange. Why not buy some shares and own a piece of those companies?

Using shoes as an example, many people are extreme shoe addicts and will buy every new model. What I’m trying to say is that the money can be better spent investing as a share holder of that company.

Why is it important to invest in the stock market?

This is not a debate about the best type of investment. This is just an insight into the importance of having some money invested in the stock market. You don’t have to invest heavily or put all your money in the stock market. However, having some shares is a good way to diversify your investment.

Wealth building tool

The stock market is one of the most important wealth-building tools around. For hundreds of years, wealthy people have been using the stock market as one of their wealth building strategy.

The richest people in the world like Warren Buffet, Jeff Bezos and Bill Gate are not just rich in cash but are wealthy because of the value of their assets. Part of the assets that made them rich is stock and shares.

Everyday people like you and I do not really need to be a billionaire to leverage the stock market to build wealth. That is the great part.

Cash is a depreciating asset

The main reason why cash is a depreciating asset is inflation. Your cash will always reduce in value if you don’t invest it.

Inflation is part of the economic cycle and the government of civilized countries manage inflation well.

There is a good example I always use to illustrate how inflation makes your cash lose value.

Let’s say you just bought a microwave for your kitchen for $30. Think forward that the microwave will one day become faulty or pack up and you will need to replace it.

Save $30 at home as the cash you will use to buy another microwave when the one you’ve just bought pack up. After 3 years, the microwave becomes faulty and you want to replace it. The $30 you kept to buy a new microwave will possibly not be enough because you can almost guarantee the price of the microwave would have gone up. This means your $30 is now worth less today than it was when you kept it 3 years ago.

Instead of keeping your cash at home or saving it in bank. Invest it in the stock market. Saving in the bank is not a bad idea. The only problem with banks is that they will only offer you silly rates which isn’t really worth it.

Not a capital intensive investment

To start investing in the stock market does not require a lot of capital like other investment concepts.

Real estate comes to mind when talking about investments that require large capital.

You can start with as low as £5 or $5. My favourite way of investing in the stock market is to take a portion of my wages every month and put it in the stock market through my brokerage account.

You can automate your investment by setting up a standing order from your checking account. The amount you set to be deducted will be credited into your brokerage account on autopilot.

Depending on how much you can afford to invest each month, you can set the money to be debited from your salary account.

There are stockbrokers who do not charge any fees to either buy or sell shares. This makes investing in the stock market very easy and affordable to everyday people.

Stock market goes up over a long period

What makes up the stock market are the companies who produce valuable products and services we use on daily basis.

These companies work very hard to innovate and improve on product and services they produce. When you consider this fact with inflation, the price of products and services is bound to go up periodically.

If you invest in the stock market for a long time, you can be sure you will win. I am not a financial adviser and do not offer financial advise here. However, I have been investing in the stock market for a long time. I know that investing for a long time is the best way to approach stock market investing.

Investing is Biblical

I am a Christian and the Bible helped to form my life philosophy. 

There is a popular parable in the Bible. I am referring to the parable of the talent.

The master told the last servant who buried his talent. The talent the Bible referred to can also be called money.

In Matthew 25:27, the master said

“Then you ought to have invested my money with the bankers, and at my coming I should have received what was my own with interest.”

As a Christian I believe investing is a good thing especially stock market investing.

Good inheritance for children

There is no investment without risk. You can get less money than you put in the stock market. However, if the investment is long term the chances of getting less than you invested is very slim.

If you have dividend stocks, you can earn dividends from time to time as income. For index funds investor, the interest you earn from your funds can be collected as income.

Something else that is great about the stock market is that it provides an opportunity to live inheritance for your children; if you have been blessed with them.

Again, I can go back to my Bible philosophy.

“A good man leaves an inheritance to his children’s children – Proverbs 13:22”.

When you invest in the stock market, you can also pass the knowledge to you children. You can teach your children about money.

How to start investing in stock market

Investing in the stock market used to take a lot of efforts before the internet age.

To buy a share of any publicly listed company. You need a stock broker.

Before the internet, to have access to a stock broker, you will have to visit their brick and mortar office to complete paper work. 

The internet now makes it easy to open a brokerage account with stock brokers.

From your phone or any device with internet access, you can open an account with a stock broker and start investing in the stock market.

Please do your own research and due diligence before buying any share.

My favourite stock market investing strategy is the index fund. I prefer index funds because of its low risk and low fee.

Best stockbrokers in the UK

The best stock brokers in your region or country may vary as services are sometimes country/region specific.

I am a UK resident and the best brokers in the UK are:

23- Oct2020
Posted By: abundanceaware

Ways to Make Money Without Getting A Second Job

You could want to earn extra money for various reasons. It could be to make ends meet, increased responsibility, or a short or long term goal you set for yourself. However, is it really easy adding a second job to an existing full-time job?

To be honest, a lot of people will rather request for a promotion at their present place of work than look for a second job anyway.

I love what I do on daily basis in my job. However, having a second job will add more stress to my life. Why will I want to get a second job? I just can’t spare the time. Having a second job will deny me of valuable time I spend with my family.

We live in the best of times and you don’t have to actually look for an extra job to supplement your earnings. There are now various offline and online methods of boosting your income on the side.

Keep reading as I take you through some fantastic opportunities.

1.     Sell items on Amazon, eBay or Craigslist

Why go through the stress of setting up a garage sale when you can automate the process? By listing items on eBay or Amazon, you will be leveraging the purchasing power of their existing audience.

All you have to do is create an account with them and start listing your items. It can range from home furnishings to clothing and accessories and computer equipment.

Three things that are just as important as the product you’re selling is a detailed product description, contact information and high-quality product images. You can chip in with free shipping to attract more customers.

I have gone through this particular journey myself and you can read up on my experience here. An advantage Amazon has over eBay is the Amazon’s fulfilment centre and Amazon FBA for beginners. You can also read up more about it here.

I have other articles that explain how to make money on amazon in detail, how to build a brand and import to sell.

2.     Dropship or start an online store

Dropshipping and eCommerce stores have gained a lot of popularity over the years and I know why. Imagine not having to invest in inventory while still selling your physical and digital products from the comfort of your home?

The major difference between the dropshipping model and the conventional buying and selling is that you don’t buy anything until a purchase has been made.

This means you can start dropshipping with little or no capital at all. All you need to invest in is a little bit of time to research your products and suppliers.

The model is simple, you simply get a reliable supplier who sells inexpensive goods and you market their products. This can be done through a website, email marketing, social media or however you choose.

3.     Sell Crafts

I like the idea of selling crafts a lot. Handcrafted items like beads and crotchet are things a lot of us do as a hobby already, so why not monetize it?

With the right market, it can be an easy way of making money. This is because of an increase in the demand for unique products; mass-produced products can sometimes be too competitive to market. Think about it, you can dedicate your evenings to making crafts.

However, making crafts is one thing and actually selling is another. Your social media page or contact list can only get you so far. You will have to rely on online options to maximize the potential of your business.

The most popular platform for handcrafted items is Etsy. They specialize in crafts and that gives it an edge over other multipurpose platforms like Amazon. They also have various tools that will help you sell your products as well as promote your brand. You can then leverage the power of your social media pages, contact or email lists to gain more visibility.

The downside of using Etsy is that the company maintains control over your store and can close it at any time. Although this doesn’t happen often. If this is a worry for you, you can choose to set up your own website.

You can also rely on offline marketing and referrals to help boost your sale.

4.     Sell food or baked goods

Can you cook or bake? Do you enjoy doing it? The good thing is that you can actually leverage it to make extra income. And all you have to do is find time to bake or cook.

You may already know this but there are a lot of people out there who would rather buy food than cook. You can create different weekly menus and start marketing.

You can also create partnerships with local stores and businesses to help sell your baked treats. If you’re serious enough about it, you can find contracts with businesses interested in serving foods at their events.

However, an important thing you must do is check for any food laws in your country before embarking on this journey.

5.     Launch an online resource

Another way to conveniently make money on the side is by sharing your expertise. Let’s say you’re good at bookkeeping, for example, you can leverage your expertise.

What you’ll want to do is launch an online ebook or course, start a blog or a vlog.

If you choose to go with this route, you must be ready to put in a lot of work initially. But the good part is that once you get it right, you can earn great passive income.

6.     Join the sharing economy

The sharing economy has been a hit in the past decade and you can leverage this to boost your income. You should be able to make from a few hundred to thousands of dollars a month through this approach.

You can choose to rent out your car on Turo and hail a cab or ride a bike to work instead. Rent out a spare bedroom on Airbnb. If you have quality cameras lying around the house, you can rent it out on Cameralends. You can even rent out things like a sailboat on Sailo and snowboard on Spinlister.

Making money through Airbnb is the most popular of this approach so here is a free tip. You can make an immense profit by renting out your whole house rather than a spare room. It’s best to do this during the holiday season so you can go on a vacation or visit family.

7.     Selling Services Offline

You can plug your free hours with rendering offline services. You can study your environment and look for opportunities that you can take advantage of. But things like gardening, cleaning gutters and lawn mowing are opportunities you can always readily see around.

You can also get creative and teach things like music, martial art, how to bake and more. You can also become a home tutor.

Transport is also another aspect you can focus on. Companies like Uber and Lyft are quite popular but they are not available everywhere. You might want to do your research on the ride-hailing services available in your region.

Bonus: Making extra money through online freelancing

Freelancing is an ever-growing field and the possibilities of growth are still immense. The advantage of freelancing is that you can always work at your own convenience and pace. If you choose to try out the freelance route, you can give the list below a try. The important thing is to find out what you’re good at and try to leverage it.

  • Carry out Surveys
  • Start a hobby blog or guest post
  • Become an affiliate marketing
  • Use freelance platforms like Upwork and Fiverr

04- Oct2020
Posted By: abundanceaware

Perranporth Beach Cornwall: Is it worth visiting

If you are considering visiting Perranporth Beach in Cornwall, this post will give you some of the information you need to decide if Perranporth Beach is worth visiting or not.

Since I arrived in the UK in 2005, I have been privileged to visit a lot of beaches. My concession in that time is that majority of the beaches are reasonably ok.

Perranporth beach is one of the beaches I can confidently say I really enjoyed visiting. We visited the beach in July when the weather was very warm and it was a sunny day which made our experience very enjoyable.

Perranporth beach

Perranporth beach

The beach is located in Perranporth town which is a seaside resort town on the north coast of Cornwall, England, United Kingdom. The town is around 8 miles south-west of Newquay.

Perran beach faces west onto Perran Bay and the Atlantic Ocean. The very first thing we noticed was the Perranporth beach popularity for surfing.

As we were walking down to the beach, we saw a lot of people dressed in  wet suits carrying surfing boards. We knew straight away that the beach was popular with surfers. I must admit that neither I nor anyone in my household is into surfing.

Perranporth Beach, Family Day-out

If you are a surfer or would like to learn about surfing, Perranporth beach is a place for you to try out.

Perranporth is a popular family holiday destination for a lot of British families. I really love sandy beaches and Perranporth beach is one of the very best of the sandy beaches of Britain. The beach is very wide. Perran Beach extends northeast of Perranporth town for about 3 km (nearly 2 miles) to Ligger Point.

How long is Perranporth beach?

Perranporth beach is about 2 miles long. It extends northeast of the town to Ligger Point.

Things to Do in Perranporth

Of course, the beach is the major spot to explore but surfing isn’t the only attraction in Perranporth. There are lots of things to do in Perranporth and environment.

During our visit, we had a great time at the beach. There are other places near Perranporth were you can have a nice family time. One of such is the Newquay Zoo which is about 9 miles to Perranporth.

Newquay Zoo

We visited Newquay Zoo and it was a good place to visit. Our boys love animals and that influenced our decision to visit the zoo. From Haven Perran Sands Holiday Park where we stayed to Newquay Zoo is about 20 mins.

We’ve been to a lot of establishments in the UK where wild animals are conserved. Newquay is a reasonable sized zoo. However, it is not as big as zoos like Edingugh or Bristol which we’ve visited in the past.

Newquay Zoo has over 1,000 of the world’s rarest and endangered animals. One unique animal which I remember seeing is Capybara.

As one of the leading tourist attractions in Cornwall, it was not a surprise that the zoo was very busy.

They also have a children play area which our younger son really loved. He enjoyed himself a lot.

We had a great family time at the zoo.

Other places to visit to find exciting things to do in Perranporth are

1. Perranporth to St Agnes Clifftop Walk

2. Perranporth Museum

3. St Piran’s Oratory –  site seeing

4. Black Flag Brewery. – food and drink

5. Ticket to Ride Surf School -BOAT TOURS & WATER SPORTS

6. Perranporth Surf School

7. Reen Manor Riding School

8. The Watering Hole

9. Cornish Lavender

Haven Perran Sands Caravan Holiday Park in Perranporth

Our main reason for travelling down to Perranporth in Cornwall was because of Haven Perran Sands Caravan Holiday Park.

It has been an extraordinary second quarter of the year 2020 because of the coronavirus pandemic. After the lockdown was eased, we decided to get away from the house to broaden our horizon and get back some much needed life positives.

Explore Haven Perran Sand

Over the years we’ve been familiar with Haven holiday parks so it was an easy decision to go with Haven. And we chose Cornwall because we’ve never been to Cornwall before.

Perran Sands Holiday Park offers a perfect resting place for families.

Deluxe Caravan, Haven Perran Sand

The holiday park has stunning views of the sea. The beach which is exclusive to the holiday park is perfect for surfing if you love surfing.

You can learn to surf at the Surf School located in the park.

There is also an indoor pool and a hub for various sports and leisure activities.

I really enjoyed a stroll to the beach in the evening during the sunset.

We stayed in one of the Delux Caravan and I must say that it was sparkling clean. I have nothing bad to say about the condition of the caravan.

12- Aug2020
Posted By: abundanceaware

Genuine ways to make money online

There are a lot of genuine ways to make money online if you have the right information.

It can be very overwhelming to get started making money online. Especially if the information you are reading is not broken down into a simple way to understand. It is very easy to get confused by lots of information available on the internet.

Before you start

Before I give you my list of genuine ways to make money online. Let me give you some important things you need to understand before you start any online money-making business.



It is very important to know that any way you choose to make money online will take time. This is especially true if you are completely new to online business. Nothing will happen by magic. The time factor is the most important mindset shift required to make any online money-making venture work.

We are now living in a time in history whereby people expect things to happen very quickly. But the reality is that to get any tangible result, it will take time. It won’t happen overnight.

We often underestimate how long a project will take. Impatience now rules our mind and it is a bad thing. There is no such thing as making easy or free money online. A lot of time will need to be devoted.

When you see people that have made money online, if they are honest they will tell you it isn’t easy. They will tell you about the countless hours spent in developing a product or service before they were able to earn any money through their online business.


I am sure you must be wondering why I am talking about education. I am not talking about a university degree. A college degree is not required to start an online business.

However, you need to educate yourself about any online business you choose for you to get any result.

Thanks to the internet, it is very easy to teach yourself a lot of things. There is a wealth of information on the internet about various subjects.

When you identify the type of online business you want to do, look for helpful information online. Then immerse yourself in learning.

As long as you have an internet connection, most of the information online is free.

Alternatively, you can pay for a course someone else put together. The coaching or mentoring option could also help you get results faster. Having a coach or mentor does not guarantee results without hard work, it only makes the journey easier for you.

I must say that you have to be careful not to fall into the hands of dubious people. It is easy to do this in an attempt to buy a course or seek a coach or mentor.


If there is one thing that will help you to succeed, it is consistency in efforts.

Anyone who cannot put in consistent work will not make tangible money online. You have to stay engaged and avoid distractions.

If it was easy to make money online, everyone will be doing it. Many people start the journey, fail to be consistent and end up quitting.

Consistency means that you are committed to sustained effort in other to achieve your goal of making money online.

Something that has helped me personally in my online side hustle is scheduling. I use calendar blocking to schedule my work. This helps me know exactly what I need to do each day of the week to help move my business forward.

I consistently wake up early to get work done. Small consistent effort every day can help you to achieve a big result over a period of time.

Genuine online businesses

1. Sell physical products

One of the best ways to earn money online is to sell a physical product. The risk of starting a business selling physical product has been reduced to almost zero because of the internet. You can start making money online by selling physical products.

These are the best platforms where you can sell physical products

I have written a number of articles about how to start selling on Amazon. Check the list of my selling on Amazon articles below.

If you have an idea of a very niche unique product. You can set up your own Shopify eCommerce store where you can sell the products to customers.

The common rule is that your products need to solve specific problems. And it is important that the product is not easily available in usual brick and mortar shops on the high street.

By this, you have more chance of customers coming to buy it online.

One of the other ways to make money online is to start a dropshipping business. The good thing about dropshipping is that you are not going to hold any stock. Its simply selling other peoples products.

2. Sell digital products

Another genuine way to make money online is to sell digital products. There are a variety of digital products you can sell online.

The most obvious digital product is an ebook. There are other digital products that you can sell online.

You can create a template that someone might find useful and will be happy to pay you for it. On marketplaces like Etsy, you can upload a template you have created and make it available for sale.

The screenshot below is from Etsy which shows some budgeting planner template that are available for sale.

You can research on a subject you can create a template for and start making money online when people buy.


3. Sell courses

Making money online is not about clicking a few buttons and money starts rolling into your bank account.

If you have knowledge about a topic than the majority of people don’t know. There is a chance that someone will be ready to pay you for what you know.

On websites like Udemy, you can create educational videos on a subject you know a lot about. Is it easy to create a course? No, it is not, it takes hard work and time.

Your courses can also be hosted on websites like Thinkific or Teachable. The amazing thing about courses is that it will be available for people from all over the world which provide limitless opportunity to earn money.

If you can put in the work, you can create a course, make it available online and start earning money genuinely online.


4. Freelancing/ Virtual Assistant

The internet provides opportunities for ordinary everyday people who have niche knowledge. They can make themself available for people all over the world.

You can serve people all over the world with your knowledge. Platforms like People Per Hour, Fiverr and UpWork make it easy for you to offer valuable services to entrepreneurs and business people.

As a freelance or virtual assistant, people all over the world can seek your service and you can get paid.

I have paid people for various services like article editing, logo design, website error fixing. The list goes on and on. If you have any special skill, you can genuinely earn money for your skills online.

Final Thought

Making money online requires a lot of grinds and hard work. Anyone ready to learn and put in the work can genuinely earn money online.

I wrote a very detailed article on 101 Side Hustle Ideas. The list contains both online and offline side hustle ideas. If you are only interested in earning money online, just pick from some of the online related side hustles. The link is below



02- Aug2020
Posted By: abundanceaware

Best Vanguard Funds UK

One of the most common questions people have asked me is what are the best Vanguard Funds available in the UK?

It is not a surprise to me that people ask me this question because choosing the right funds when you want to get started with Vanguard can be overwhelming and confusing.

Vanguard is not the best when it comes to the number of funds available to choose from. However, this is an advantage from my own point of view. This is because it is not that complicated to choose a fund on the Vanguard platform in the UK when compared to a lot of other investment platforms in the UK.

I must say at this point that I am not a financial adviser and please do not take this information in this post as financial advice. Please also do your own research after reading this post.

Base on my experience of investing with Vanguard in the UK, below are my top 3 funds. I will also give you the reasons why these are my top 4.

After reading this article, you might find this article useful. 

U.S. Equity Index Fund – Accumulation

This is one of the passive funds Vanguard offers to UK investors. It is very similar to the Vanguard Total Stock Market Index Fund in the US. The Fund is a passive fund.

Investing in this fund means that I am in full trust of the historical performance of the Standard and Poor’s Total Market Index in the US.

The fund invests in large, mid, small and micro-sized company shares in the US.

Investing in stock and share generally means that you support the advancement and innovations of the US economy. It is a way of owning part of the US economy.

The fee for this fund is really very low and it is one of the reasons why I love this fund.

You can see more information about this fund on the Vanguard UK website.


This fund is an Exchange Traded Fund (ETF) and is available for UK investors on the Vanguard UK platform.

It is a fund that tracks the S&P 500 which is a US index. The S&P 500 from its name contain 500 of the biggest companies in the US.

Investing in this simply means that I trust these 500 companies to continue to innovate and provide valuable products and services into the market place.

As well, this also means putting your trust in the US economy which is still the best economy in the world as at the time of writing this post.

You can see more information about this fund on the Vanguard UK website.

LifeStrategy® 80% Equity Fund – Accumulation

This fund is usually regarded as a fund of funds because it holds various funds in it. The Vanguard LifeStrategy is one of my most favourites of Vanguard Funds available in the UK.

The portfolio comprises of approximately 80% shares and 20% bonds and other similar fixed-income investments.

The 80% equity means that shares make up 80% of the fund and the rest 20% bond.

The state of life or age of the investor is usually the determinant factor in which of the LifeStrategy funds to choose. Vanguard has other LifeStrategy funds as follows

  • 20% Equity
  • 40% Equity
  • 60% Equity
  • 100% Equity

The percent (%) equity always signifies the percentage of the funds that are shares.

For an investor who is close to retirement or has retired, it might be better off to invest in 20% equity. This will mean that 80% of the fund is bond.

Bonds are more regarded as less risky than shares.

Personally, because of my stage in life, I invested in the LifeStrategy 80% Equity.

You can see more information about this fund on the Vanguard UK website.

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FTSE All-World High Dividend Yield UCITS ETF (VHYL)

The main reason why I like this fund is that it is a global fund.

The world generally is moving forward in the right direction of innovation, technology and advancement. Investing in this fund is putting your trust in the future growth of the human race.

According to Vanguard as stated on their website, “this fund invests in large and mid-sized company stocks – real estate trusts not inclusive- in developed and emerging markets that pay dividends generally higher than the average.”

The unique benefit of investing in this stock is the fact that it is a dividend fund. The fund invests in stocks of companies that pay dividends that are usually above the average.

You can see more information about this fund on the Vanguard UK website.

Final Thought

It is very easy to get overwhelmed when choosing funds to invest in on the Vanguard platform when you are a beginner. It is important to keep things simple by choosing passive funds which track the major stock market indices.

My favourite Vanguard Funds mainly track indices that are outside the UK. This does not mean that FTSE funds are not as good as starter funds.

Some of the FTSE funds are also very good funds you can choose from. You can check out FTSE and other funds on the Vanguard website by clicking here.

01- Aug2020
Posted By: abundanceaware

How to save money on low income in the UK

One of the hardest things to do when your income is low is saving money. Many folks in this bracket don’t even bother with it because it seems nay impossible.

But is saving money on a tight budget really impossible wherever you are in the world, be it the UK, USA, Canada etc?

Savings for me is a choice you can’t compromise on. You have to do it. No matter how small your income is, it is important to be able to squeeze that extra penny to be saved.

There are a lot of advantages to saving money.

The following are tips and strategies that will help you in your money-saving on a low-income journey. It is also a useful guide if your income is high.

Best Tips On How To Save Money on Low Income

1. Write Down Your Budget

The very first step you want to take when embarking on a savings journey is to find out where your money goes monthly. This is particularly important because it allows you to check for the disparity in your expenses.

There is always something that you shouldn’t be wasting too much money on but you find yourself doing it anyway. This is mostly out of habit.

There is no better way to get an overview of your money flows monthly than documenting it. You can choose to document manually with a piece of paper or virtually through apps like Evernote.

You can also make use of this household budget calculator.

You must resist the urge to do mental math for this.

The Money Advice Service and MoneySavingExpert have excellent guides on how best to set up a budget.

2. Set Up a Plan of Action

If you’re setting up a plan of action for budgeting on a low income then I want to believe you know where your money is going.

By this I mean you have documented your expenses for a month and scrutinised where your money is leaking.

Only when you know the unnecessary things you’re spending money on can you know how much you can possibly save.

Once you identify the leak, you can then proceed to have an action plan for saving. You need to create a savings goal for yourself.

And get rid of the notion that you are making too low an income to save.

The truth is that even if you are a high-income earner if you don’t have a healthy saving habit, you’ll still find yourself unable to save. Saving money is a habit that you must nurture.

So even if it’s £10 a week that you can save, start with that. The key to the goal is that you must start from somewhere.

3. Reduce Your Accommodation Costs

Accommodation costs are low-key some of the highest expenses that we spend money on.

What most people find out after finding a way to reduce their accommodation costs is that they have more money saved.

How then can you reduce your accommodation costs?

The easiest way to reduce this is to downsize. You might want to look for a less expensive property to rent. Or consider moving to a less expensive area or town.

Although, you must factor in the nearness to your place of work and commuting costs when making the above move.

What you wouldn’t want to do is spend less on accommodation then spending much more on transport.

One of the ways people save money on accommodation is to rent out a spare room to a lodger. This can save you money because then you’ll be earning on your property.

I was once a beneficiary of this type of arrangement when I got my first job at Worcester City Council. A co-worker rented his spare room to me.

And if you live in an area close to tourist attractions, why not consider renting your spare room as AirBNB?

4. Become A Parkinson’s Law Devotee

If you are a fan of productivity then chances are you’ve heard of Parkinson’s Law before this. Parkinson ’s Law states that the more time given to complete a work, the more time it’ll take to complete it. Work expands with the time given.

This can also be applied to finances. The definition in finances would then be: expenses expand to fill the unnecessary wants that occur as a result of increased income.

You might be wondering how increased income relates to your low income. The truth is that you started earning your low income one day. You were probably jobless or on a lower income before now.

What you should have noticed is how your expenses increased with your income. But should it always be so? No matter the income bracket you belong to, you must always be minding of your spending.

You can read this post about how to save money faster with Parkinson’s Law.

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5. Cut your expenses

One of the ways to budget on a low income is by learning how to make do with less. This is quite similar to the Parkinson’s point above.

Speaking from experience I can tell you that increasing your income can be hard but reducing your expenses is easier.

Some of the things you can save money on include utility providers, groceries, mortgage and so on.

An often overlooked expense that people often overlook is eating out. Why not cultivate the habit of preparing your own meals? Even if you’re bad at it, you’ll eventually get better.

Debt can easily pile up when these expenses regularly go unchecked. In fact, you will sometimes incur more debt to cover such debts.

Research from Santander suggested that UK households spend an average of £3,329 per year, on water, council tax, broadband bills, energy and electricity.

While these are essential expenses you can still save money by switching to cheaper alternatives where possible.

You can also find a way to reduce your shopping if you are a shopaholic. You can easily ditch that designer clothing for thrift wears. It’s not a shameful thing to do. You can neglect or postpone that luxurious holiday you’ve been looking forward to.

You can check out this article on how to effectively plan a household budget.

6. Set Financial Goals

Another habit you want to develop in your savings journey is setting realistic financial goals. Only you know how much your income is so you are the one responsible for cutting your coat according to your size.

It isn’t an easy thing to live within one’s means but it is a better option than struggling. The truth is that we can make do with several expenses we see as essential. Cutting these extra costs is a step in the right direction.

You have to be realistic with yourself and be able to challenge yourself. No matter how much you earn, there must still be a little you can save.

If not earning enough is your excuse for having unhealthy spending and savings habit. You can always pick up a side hustle to boost your income.

You can read our comprehensive post about side hustle ideas here and here.

But I must warn you if you can’t learn to save when you have little you still won’t save when you have more. Saving money is a habit and it must be nurtured and developed.

7. Sell Some Household Items

One of the easiest habit to cultivate as an adult is the hoarding habit. We sometimes develop personal attachments to some of our belongings and loathe the idea of losing them. This is even after it is no longer useful to us.

Over the years, what you’ll find out is how much junk you are keeping in your house. Sometimes we keep them based on the sentiment that they’ll be needed one day.

But this is the fifth year and you still haven’t needed them. I say it’s time for a big spring clean. Comb through your house or garage brutally for items of no real use with financial value.

You’ll be surprised by what people are looking for. There is always one person or the other looking for thrift buys.

I should know this; I started my eBay journey by selling a few items of no use in the house. I later went on to cutting deals with manufacturers in my chosen niche.

I have a very comprehensive article on how you can get started selling on Amazon and eBay here and here.

8. Buy Second Hand

The truth is that there are so many other people on this same journey as you. What this means is that you can also buy what others are selling.

For the time being, you can say NO to new items and a big YES to used items. You can decide to go for second-hand items like home appliances, clothes, furniture and even mobile devices.

You discover amazing bargains on websites like eBay, Gumtree and even Facebook marketplace.

Buying second-hand items is a sure way of getting the things you need at a lesser price and without really compromising on quality.

9. Figure Out Your Entitlements

One of the things people often overlook is what they are entitled to. We become so engrossed with making ends meet that we forget that we are legally entitled to some benefits.

A way of discovering the benefits that I’m owed is using the entitled to benefits calculator. You can easily find out if there are working, tax credits benefits and so on available to you.

You will be obliged to provide some personal details and information about the people you live with if any. But it is a sure way of discovering an additional form of income.

You can also find out if your children are entitled to free school meals.

I like to call these benefits financial support.

There are several ways to save more money on a low income and the majority of them fall under ‘cutting expenses’. Because let’s be honest you can’t save when you’re always spending without control.