There’s a big difference, don’t confuse the two. Broke = someone with no money Cheap = someone with a scarcity mindset Broke people know money is tool. Cheap people believe money is the goal. Be broke, not cheap.

If you want to be a millionaire you wouldn’t take advice from someone who’s broke.

What does this mean for the UK stock market ? Effect on the UK Stock Market: The Bank of England's decision to maintain high interest rates and proceed cautiously with any rate reductions will likely have a dampening effect on the UK stock market in the short term. The cautious stance may: 1. Reduce investor confidence: Investors may have been expecting faster rate cuts, and the lack of immediate action could temper market optimism, especially in sectors sensitive to borrowing costs like housing and retail. 2. Impact corporate profits: Higher interest rates increase borrowing costs for businesses, potentially leading to lower profits and affecting stock prices, particularly for companies reliant on debt. 3. Support for financial stocks: On the positive side, banks and financial institutions may benefit from sustained higher interest rates, as they can maintain better margins on loans. 4. Lower inflation expectations: If the BoE’s cautious approach successfully curbs inflation, this could stabilise markets in the long term, reducing uncertainty and encouraging investment. Overall, the BoE’s decision signals a focus on inflation control over stimulating growth, likely leading to a mixed response in the stock market depending on sectoral sensitivities to interest rates. Key points: - The Bank of England (BoE) decided not to reduce interest rates further, keeping them at 5%, with an 8-1 vote. - The BoE is cautious about cutting rates too quickly or by too much, focusing on inflation control. - Investors had expected successive rate cuts from November, but the BoE did not endorse such moves, indicating a slow and cautious approach to rate reductions. - The BoE will maintain its balance sheet wind-down, with gilt sales slowing from £50 billion to £13 billion in the next 12 months. - Recent UK economic data, such as slower inflation and stagnant GDP growth, hasn't convinced the BoE that inflation is sufficiently controlled. - The BoE expects inflation to pick up slightly by year-end but at a lower rate than previously projected.

Don’t let tik tok convince you it is. The average salary in the UK is £30,000 a year. If you are even making 3k a month you’re doing incredibly well. Stop sacrificing your long term plan to try and win big on these side hustle’s. Create a 10 year plan and stick to it.

Seize this opportunity! It’s likely we’ll see stocks drop. This means they are on sale so we can buy them at a cheaper price. Don’t keep letting these opportunities pass. Explanation below: Stocks are hovering near record highs as the market awaits the Federal Reserve’s rate decision, with traders divided on whether the Fed will cut rates by 25 or 50 basis points. A surprise increase in U.S. retail sales has complicated expectations, leading to mixed reactions. While some investors expect a "risk-on" reaction if a larger cut happens, others fear a "sell the news" scenario due to concerns about overbought markets. Analysts expect either a 25-basis-point cut or a 50-basis-point cut with forward guidance suggesting further easing. Treasury yields edged higher, and the U.S. dollar strengthened slightly. My opinion: Given that the market is near overbought territory, I think there is a high chance of a "sell the news" reaction, particularly if the Fed opts for the smaller 25-basis-point cut. While a 50-basis-point cut might initially spark a rally, concerns about labor market weakness and the possibility of the Fed signaling future aggressive rate cuts could make investors cautious. In the short term, growth stocks may see some gains, but broader equity markets might face volatility, especially if the Fed doesn't clearly dispel recession fears. Remember, when the stock market dips, we buy.