Money made simple. You don't need a PhD in economics to take control of your financial future.
Micro-investing is where you invest small amounts regularly, for example by using apps that "round up" your card payments to the nearest pound and invest the digital "change". The apps are normally a type of robo-adviser and tend to target young people who feel they don't earn enough to invest in funds or shares yet or don't know how to ...
Did you know that you can get paid simply for owning a share of a company? If you weren't aware, it's time to get acquainted with dividends. These are regular (typically quarterly) payments that are distributed by a company (at its management's discretion) to its shareholders on a per share basis ...
You've got a lot to offer. Brains, brawn, beauty, and some people think you're pretty funny too. And these are just your best assets.
In this way, you're similar to a multi-asset class or fund, which is a combination or portfolio of asset classes (cash, shares, bonds etc) that increases the diversification (and prospective value) of your portfolio overall.
After decades of hard slog you may start to look forward to retirement - a life of holidays, hobbies and unlimited daytime telly. But it comes at a cost.
No job = no wages, which is where an annuity can help. You hand a pile of money (your retirement savings) to an insurance company and they promise to pay you an income for the rest of your life. The alternative is you keep your money and live off it - and hope it outlives you...