Have you ever thought about how much income you would need to eliminate your financial fears? Beyond winning the lottery, try coming up with a reasonable figure for an annual salary. Well, a recent study did just that and reported the average British family claiming that an annual salary of £64,000 would be sufficient to wipe out their ever-increasing financial worries. Those surveyed believed a household salary of £78,669 would lead them to feel happier and be in a position to afford all of the items they want. However, they reported an annual income of £118,577 to be more money than they think they really need.
These financial fears are certainly not centralized to a small group of struggling workers as this survey reported that nearly 75% of people have a dismal outlook of the economy, although seven out of ten people maintain optimism about their personal position. This subtle discrepancy could very well be related to the rankings of the Wealth Confident Barometer study showing that 50% of British rate health as “extremely important” while 55% feel the same about family and friends. Surprisingly, only 25% rate sufficient money as “extremely important” with only 13% feeling similarly about their professional success.
Research by AIG Life Wealth Management revealed that individuals who sought out financial advice had a more positive perception of the future. Director of Sales and Marketing at AIG Life Wealth Management expressed encouragement in so many individuals maintaining a positive outlook and focusing on the importance of family, friends and health. This research suggests a direct link between peace of mind and accepting financial advice, something not limited to just the wealthy. In fact, advice related to financial matters is not limited to the planning aspect of finances but can also pertain to the actual act of earning extra income. For those not enjoying a £64,000 income or the amount they need to live without worry, there is a plethora of information available to begin supplementing their current income. A great place to start is the internet.
The book Sports-Arbitrage – How to Place Riskless Bets and Create Tax-Free Investments is such resource available to begin utilizing the internet as a way to financial relief. This book explains how it is possible to find risk-free trading opportunities online which can provide monthly returns of up to twelve percent.
You can find information regarding the newest software called ArbAlarm and get a deeper insight into this largest growing online industry, commonly referred to as gaming. The investment method described in the book is both risk-free and tax-free now that the UK Government recently announced that these profits will continue to be free of income tax and capital gains tax. Of course, there are many other opportunities to earn extra additional income but those are typically subject to tax and require long hours in your limited spare time. There is certainly nothing to lose by seeking out some financial advice for earning income just as the benefits are great for financial planning advice.
Post a Comment