If I woke up tomorrow with ยฃ0 in the bank and no portfolio, I wouldn't panic. I would just follow the exact same blueprint that got me here, but faster.
First, the emergency fund.... I'd scrape ยฃ1k together, sell the clutter, cancel the unused subscriptions, work the extra hours. Build the emergency buffer immediately and keep building over time so I don't need debt or to sell investments.
Second, the vehicle.... Open an ISA, day one, no delaying. It's the only tax haven we have or need.
Third, the strategy.... Buy a global or S&P 500 ETF, don't waste time trying to pick the next winning stock. Put 100% into a low cost tracker like $VWRL Vanguard Global or $VUSA Vanguard S&P 500.
That gives me instant ownership of....
$AAPL
$MSFT
$AMZN
$NVDA
$GOOGL
$TSLA
$AVGO
$META
$BRK.B
Fourth, the automation.... Automate the pain, set the direct debit for payday, even if ยฃ50. If I don't see the money, I can't spend it.
Rinse and repeat every month.
When I started years ago, I wasted time trying to be smart. I read too many news articles and hesitated too much, bought any hype stock and tried to time the market.
The maths is simple. The hard part was managing my own behaviour.
If I had to start again, Iโd be even more boring.
Iโd be rich sooner.
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