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Friday 23 October 2026 19:10:34 GMT
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If I was starting again financially, I wouldn’t immediately be thinking about how to become a millionaire. I’d get these 7 things sorted first. 1. Actually know where my money is going. Sounds ridiculously basic, but know what you earn, what your fixed bills are and roughly what you’re spending every month. You can earn a lot of money and still be terrible with it if you have no idea where it’s disappearing. 2. Get rid of expensive debt. Especially credit cards and anything charging you crazy interest. There’s not much point getting excited about making 8% a year investing if you’ve got debt costing you 20%+. 3. Build an emergency fund. I’d get at least one month of expenses saved first, then gradually build that towards 3–6 months. The point isn’t to make money from it. It’s so one unexpected expense doesn’t completely mess you up. 4. Separate my money as soon as I get paid. Bills. Spending. Saving. Investing. I don’t like having all my money sitting in one account because it makes you feel like you’ve got more available to spend than you actually do. 5. Start investing, even if it isn’t loads. You don’t need to wait until you’re earning £100k to start. Starting with £50, £100 or £200 and building the habit is way more important than waiting for the “perfect” time. 6. Put serious effort into earning more. Budgeting matters, but there’s a limit to how much you can cut. There isn’t really the same limit on how much you can increase your income. Learn a valuable skill. Get better at your job. Move companies if you’ve hit a ceiling. Find ways to make yourself more valuable. 7. Don’t let every pay rise become a lifestyle upgrade. This is probably one of the biggest ones. If you earn an extra £500 a month and immediately find another £500 worth of things to spend it on, you’re not really moving forward financially. You can still enjoy your money. I definitely do. But try and make sure every time your income goes up, your saving and investing goes up with it. None of this is sexy. There’s no secret investment or overnight millionaire hack here. But getting the boring stuff right first gives you a much better foundation to actually build wealth from. #PersonalFinance #MoneyTips #Investing #financialliteracy #moneymindset
If I was starting again financially, I wouldn’t immediately be thinking about how to become a millionaire. I’d get these 7 things sorted first. 1. Actually know where my money is going. Sounds ridiculously basic, but know what you earn, what your fixed bills are and roughly what you’re spending every month. You can earn a lot of money and still be terrible with it if you have no idea where it’s disappearing. 2. Get rid of expensive debt. Especially credit cards and anything charging you crazy interest. There’s not much point getting excited about making 8% a year investing if you’ve got debt costing you 20%+. 3. Build an emergency fund. I’d get at least one month of expenses saved first, then gradually build that towards 3–6 months. The point isn’t to make money from it. It’s so one unexpected expense doesn’t completely mess you up. 4. Separate my money as soon as I get paid. Bills. Spending. Saving. Investing. I don’t like having all my money sitting in one account because it makes you feel like you’ve got more available to spend than you actually do. 5. Start investing, even if it isn’t loads. You don’t need to wait until you’re earning £100k to start. Starting with £50, £100 or £200 and building the habit is way more important than waiting for the “perfect” time. 6. Put serious effort into earning more. Budgeting matters, but there’s a limit to how much you can cut. There isn’t really the same limit on how much you can increase your income. Learn a valuable skill. Get better at your job. Move companies if you’ve hit a ceiling. Find ways to make yourself more valuable. 7. Don’t let every pay rise become a lifestyle upgrade. This is probably one of the biggest ones. If you earn an extra £500 a month and immediately find another £500 worth of things to spend it on, you’re not really moving forward financially. You can still enjoy your money. I definitely do. But try and make sure every time your income goes up, your saving and investing goes up with it. None of this is sexy. There’s no secret investment or overnight millionaire hack here. But getting the boring stuff right first gives you a much better foundation to actually build wealth from. #PersonalFinance #MoneyTips #Investing #financialliteracy #moneymindset

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