The biggest issue with overspending is the fact that you’re living outside your means. When you do this you can get yourself into a sticky financial situation including debt, struggling to manage your money and being unable to save or invest, which has a detrimental impact on your financial progress. Understanding and overcoming overspending is one of the most important things you can do when it comes to working towards financial independence. 

Here’s something that a lot of people don’t realise - if you have a pension, you are already an investor! A pension is essentially another way to invest in the stock market. Whether you choose to invest by paying into your pension or the stock market is going to depend on your big life goals and your time horizon. Either way, learning to invest is the best way to build wealth and protect yourself against inflation for the future.

One of my greatest lessons was understanding that investing in yourself is the BEST investment that you can make. Whether you’re investing in your education/ skills/ health, it’s ALWAYS going to offer the best return. When you make an investment, you’re spending money on something that you expect to make a return on in the future. The key thing to understand is, you’re not throwing your money away, you are making an investment so you can better yourself and reach your big happy goals.