Richard Chater

Core Psychiatry Trainee | Personal Finance Enthusiast | Author

[Richard Chater @rich_chater]

Feel like school didn’t prepare you to take care of your finances?

15 Minute Finance is the perfect introduction to 💰personal finance, 🏦banking, 📈investing and 🏠buying your first home!

Get it on Amazon, Waterstones or WHSmith:
https://t.co/CwhVqjs1qk

[Richard Chater @rich_chater]

@prettypennyuk Barclays 5% savings account

A 5% bird in the hand is worth a 7% bird in the S&P bush

[Richard Chater @rich_chater]

@makingmsimple Rich Dad, is that you??

[Twenty @Katie20Percent]

Who knew watching Love Island could teach you about personal finance...
https://t.co/hakItO0bL0

[Richard Chater @rich_chater]

@prettypennyuk One of the messages of one of my favourite books Think and Grow Rich - make it your focus to bring value and the success will follow on its own!

[Richard Chater @rich_chater]

@makingmsimple 'a millionaire or at least very wealthy' in 40 years £1 million will have the buying power of £250k today - nothing to sniff at but I don't think it will put you in the category of very wealthy 😢

[Richard Chater @rich_chater]

@prettypennyuk You ought to have a look at my energy bill - Armageddon is here… 😂

[Richard Chater @rich_chater]

@prettypennyuk Sounds an awful lot like buying the dip there… 😉

[Richard Chater @rich_chater]

@prettypennyuk Go on then, how could I refuse you your golf shoes...

[Richard Chater @rich_chater]

@Katie20Percent Nabbed one during the pre-registration period and I’ve had a great time. Had to speak to customer service twice through their chat and they were really helpful and it was super easy!

If only you could deposit into the 5% round up account 😂

[Richard Chater @rich_chater]

@makingmsimple What if your goal is to inflate your lifestyle? 😂

[Richard Chater @rich_chater]

@makingmsimple The first half of my book is dedicated to it! My two favourites:

💵Get cash-back/ discount chrome extensions like TopCashback or Honey

🚰Reduce bills by using comparison sites, then paying through a current account with cash-back on bills like Santander!!

[Richard Chater @rich_chater]

@IndexandETFs You’re not just sitting still either, you lost 0.25%!

In 250 years you would have lost half of your investment 😭📉😭

[Richard Chater @rich_chater]

Diversify your investments like you diversify your diet:

🥦 Loads of the boring stuff (veg/ index funds) 🏦
🥡 With sprinkling of the risky stuff to keep it interesting (takeaway/crypto)📈

(I unfortunately happen to be both heavy on crypto and the scales)

[Ryan King @makingmsimple]

There are a lot of ways to build wealth out there. To name a few:

📈 Stocks
🧬 Crypto
🏘 Property
🧺 Index funds

You can use one of these, a combination, or something else.

It’s important to keep learning and you can then change/adapt your strategy as you go.

[Richard Chater @rich_chater]

@ProjectMoneyPot I always withdraw from my stocks and shares ISA to fill the LISA on day 1 - love to get the bonus compounding from April! 😄

[Richard Chater @rich_chater]

@prettypennyuk There are definitely a lot that have a passion for it, there are a lot of great people providing value day in, day out!

But if anyone was in it for the money, it would be the people talking about money 😂