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How to protect your money as a high earner

*Collaborative post.

Financial security is what almost everyone strives towards.

For high earners it is of particular importance — to try to protect the money they are earning — as there is more to keep safe.

But, how exactly can we achieve this?

 

How to protect your money as a high earner picture

 

If you want to make the most of your assets, take a look at three of our top tips:

 

  1. Careful budgeting

Some high earners feel that they don’t need to budget. Frugality, after all, has long been associated with people earning a low income.

However, budgeting can benefit everyone — however much they earn. Monitor your money, and you’ll be less likely to face unexpected shortfalls in the future.

By creating a weekly or monthly cash flow on a simple spreadsheet, you can plan your outgoings and lifestyle in advance. Better still, carry your cash flow with you as an uploaded document on your phone or tablet, and you can look at it whenever you feel the urge to overspend.

You don’t just stand to protect your assets; you could become more confident in financial handling, too.

 

  1. Contingency funds

Budgeting isn’t just useful — it’s essential. If you put aside a certain amount of money each month, you can be prepared for any financial situation, including emergencies and changes of circumstance.

Though nobody wants to face a costly surprise, they can occur at any time. Building a contingency fund means you will be able to deal with it much better.

It could be particularly helpful if you need to take unpaid leave from work, for example. That way, you won’t have to worry about covering bills and maintaining your usual lifestyle during that period.

Equally, a fund may come in handy if you ever face redundancy. You’ll then have enough money to tide you over while you secure new employment.

Prepare well, and you can always remain financially secure.

 

  1. Pension plan

You’ll no doubt know the value that a pension plan can offer. As a high earner, you will have garnered a state pension through national insurance contributions as well as building a private or corporate pension along the way, too.

At state pension age (currently 65), Brits have the opportunity to either claim or defer their acquired sum. A deferred pension, for example, increases by a small amount, once its owner has retired. A private pension can be drawn earlier – usually around the age of 55.

Although you may be a long way of retirement age now, it’s useful to plan ahead and decide on the best option for you long-term. You can then start to save effectively. You could always consult a financial adviser to work out the best route for your retirement.

You work hard for your income, so it’s only right that you want to protect it. Follow the right steps, and you can secure your finances, both now and for the future.

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Win ‘Hello World’ Baby Hamper Worth £60

*Collaborative post.

Hello world! Another day, another giveaway post! This time I am collaborating with the lovely people at The Baby Hamper Company to gift a lucky reader a ‘Hello World’ Baby Hamper worth £60. I love shopping for kids especially newborns. I find their little clothing and accessories so cute.I can easily find myself shopping for kids for hours if my wallet lets me. Which is why I think this is an excellent giveaway. If you have a baby on the way or you know someone who is expecting, then you need to enter this giveaway for a chance to win this lovely ‘Hello World’ Baby Hamper Worth £60.

The Baby Hamper Company

The Baby Hamper Company was set up by 2 mums – Chloe and Christine in 2012, after they realised there was a gap in the market for unique and cool gifts that new mums needed. The products they provide are very useful and practical for new mothers, and beautifully hand-packed with love.

 

What do you get in the hamper?

Hello Baby Hamper Image

 

Here are the items in the hamper –

 

Bodysuit, White with printed Bunny in Glasses

Lamaze Pupsqueak Baby Sensory Toy

The Baby Hamper Company Relax Lip Balm Tin

Baby Bunting Red & White Stripe Rompersuit

Baby Bunting Red & White Stripe print knotted hat

Organic Monkey Better Belly Oil 30ml

Aden & Anais Disney Winnie the Pooh Musy Muslin Square

 

Baby Hamper Giveaway image Mummy Blog Cheshire UK Image

 

 

Giveaway Rules

To enter this competition, here are the rules you need to follow –

 

  1. Follow Fashion and Style Police on Twitter and Instagram.
  2. Retweet this post.
  3. Subscribe to my YouTube Channel.
  4. Leave a comment telling me why you like to win this ‘Hello World’ Baby Hamper. Remember to include your Twitter name so I know where to find you.

 

The giveaway will run for 2 weeks. It ends 5th July at 11pm. It is open to UK residents only and you have to be over 18 years to take part. The winner will be selected randomly and contacted via Twitter, so leaving your Twitter name is very important. The winner will have 48 hours to get back in touch once selected or risk losing the prize.

Good luck everyone. Thanks for entering. You can find more giveaways to enter here.

 

 

 

 

How to make money as a writer

Statistics show that writers and authors can make over $50,000 a year. This is approximately over £38,000 annually. But with a lot of hard work and well-structured systems, I believe freelance writers can make so much more than that.

Writers are always in demand for so many different projects like writing whitepapers, blog posts, copy or even to ghostwrite a book. You can increase your earning potential by combing different kinds of writing in your portfolio. This makes you more likely to be hired as companies would rather hire someone who is able to handle different kinds of writing to meet their needs.

 

Freelance Career Image

 

Although there are so many ways writers can make money, I narrowed them down to these 3 that you can use to start earning money right away.

 

  1. Start a blog

Blogging is one of the most popular ways of making money as a writer. It’s not surprising as many people spend time reading blogs for a variety of reasons. Many read blogs to get personal advice, read product reviews, or learn about what’s trending in the industry.

There are many ways you can earn money as a blogger. One of those ways is to have Google AdSense set up on your blog. This is the easiest way to make money from your blog. You get paid based on the number of impressions your ad gets. So the more visitors who come to your blog, the more money you make.

However, you can earn more money from ads when you collaborate with a company and offer to put up their ads on your blog for a fee.

Another way to make money from your blog is through affiliate links. You may write about products or service that you like and get paid every time your readers click on the affiliate link.

If you’re not a fan of having ads on your blog, you can create a membership platform where subscribers can have access to your exclusive content for a fee. You may also create and sell a digital product like an e-course, ebook or online workshop that people can pay you for.

 

  1. Dive into copywriting

If you’re great at writing persuasive content that motivates people to buy things, then copywriting is just for you. Copywriters create marketing content for ad campaigns, websites and social media. Copywriters are always in demand. Their job is to write content that sells.

As a copywriter, you may decide to work for yourself as a freelance copywriter. Or you can work as an in-house copywriter for a company or ad agency. In such a case you are stuck to a fixed salary, unlike a freelance copywriter who can determine their own income.

 

  1. Write for publications that pay

Believe it or not, there are so many publications out there that pay writers for their articles. Magazines, newspapers, journals and online publications are constantly looking for original content that will peak the interest of their readers. The rates for such publications vary between £50 to as high as £500 per article.

Most times such publications require that you pitch your article ideas to them. If they like it, they’ll give you the go-ahead to write the article. Some allow you to write a draft of the article.

 

Do you make money as a writer? Please sound off in the comments section below.

 

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