Holly's Blog: Make bank and get bag

Blog - Headless women of Hollywood.png

Get bag

A story this week from a much hipper lady than I, an artist with half a million followers on Instagram. She was outraged when a brand – spouting worthy tales of female empowerment stories – used her in a photo shoot, but then shoved her in the background and quite literally cut her head off in Instagram posts, promoting their brand. Sure, they tagged her, trying to leverage her half a million followers, but didn’t see fit to do her the courtesy of using her face. Ironically this feature on female empowerment did not pay her and digitally decapitated her. Classy.

Too many companies – even some of the financial giants I work with – will ask individuals to speak at events or help them out at no fee. Or get them onboard for a story or article and then doctor the message. This lady artist will not be exploited again and sees she has about a decade left to work this Instagram strangeness. “Nobody loves a 50 year old influencer so you gotta get bag whilst you’re young,” she says. #gulp #noonetoldmaryberrythat

I’ve been obsessed with this new language all week. Getting bag is being paid for what you do. And onto our next term: making bank is shoring up your financial future and financial freedom.


Exotic don’t make bank

You don’t make bank by trying to be exotic. I saw an advert this week for the trading platform eToro, where you can basically copy and follow other traders. The smallprint at the end confirms that “65% of retail accounts lose money when trading CFDs with this provider”. Sixty-bloody-five!!! CFDs are ‘Contracts For Difference’ – ridiculously over engineered investment alchemy which lets you bet on future price movements in a vastly inflated way without actually owning the things in question. Nightmare.

With that etched onto my retinas, here are a few starter everyday tips for making bank:

  • Make bank with cash. Don’t leave long-term cash lying around in your current account. Look at fixed rate deals as appropriate or consider the stockmarket for 5 year + timeframes.
  • Add bag to your pension. Are you working your workplace pension enough? Find out if your employer will match any extra contributions you make – this is money for jam.
  • Make bank go further with an investment platform. Invest in decent companies or reputable funds which buy shares in solid businesses doing things which you understand.
  • Make bank for your kids with a Junior ISA
  • A loyal customer of an energy company is very likely to be a ripped-off customer. Switch regularly.
  • Don’t change money at the airport. Get a pre-paid card or at least order in advance from the Post Office.
  • Avoid CFDs or anything weird. If it’s too hard to explain or compute, leave it well alone.
  • Remember there is no such thing as a free lunch. Shiny schemes which look suss probably are.

Over and out for now and have a great weekend. 4 hours left this week to get bag and make bank ;0)

What's next?

Join the thousands of people who get our weekly musings on money, great products, top tips and a dollop of opinion.

Sign up for Holly's blog

Want to know more?

CIA awards logo 2019.jpg

Consumer Investment Awards 2019: Vote for your favourite investment companies

Which investment providers are cream of the crop? Have your say in our Consumer Investment Awards 2019 with The Times and The Sunday Times. Voting now open!

Consumer Investment Awards 2019: Vote for your favourite investment companies


Easy online calculators for your pensions, taxes, savings and more

We all know it's good to plan ahead, but money can get confusing! Thankfully, there are tons of online tools and calculators out there to do the hard work for you. Here are 15 of the best.

Easy online calculators for your pensions, taxes, savings and more

Have your say

We continue to collect your reviews of investment services you use.

We'd love to get your opinion on the service you use - would you recommend it and how well are they doing? Help others to choose, and help us to call out the good, the bad and the ugly.

Leave your review


No Comments Yet

Leave Comment

Related Questions

Got a Question?

Sign up for Holly's blog

Stay up to date

Our free weekly blog with Holly's
no-nonsense opinions, tips & food for thought.
If you change your mind, you can unsubscribe at any time. We'll never share your details and you can unsubscribe any time.