Hi there! My name is Jim Gall. I am the founder of The Money Builders.
A bit about me…
It’s been two years now since I left my job in financial services.
I spent four years working in financial services and the best thing I got out of it was that I learned a whole lot about money and how financial services firms handle it and make their money.
I also learned a lot about investing. I would like to share that knowledge with you on this blog. For example, I have built a Junior ISA Calculator which can help you see how charges could affect a child’s Junior ISA.
There’s also a compounding calculator which illustrates the power of compound interest.
Scottish people are famously reticent when it comes to talking about money. A case in point is that when the firm I worked for conducted marketing focus groups to find out what members of the public thought of their products, they would conduct the focus groups anywhere but Scotland, even though it was a Scottish firm. The reason being that people from Scotland just aren’t particularly comfortable talking about money and the sessions would have been a waste of time.
My Money Story
Before I started working in finance, I was £40,000 in debt, had 4 credit cards, had monthly outgoings that were in excess of incomings and because the credit cards were continually racking up debt, they were barely getting paid down each month, even though I was paying out hundreds each month in repayments.
Six years on, and the debt had just about been paid off and I have clear financial plans in place including a pension and stocks and shares ISA. I’m even overpaying my mortgage in order to get it paid off quicker.
Six years ago, I wouldn’t have known where to begin when it came to investing my money, but with a bit of know-how, I now have clear plans for my cash.
I’m now focused on helping others to improve their personal finances – and to realise that they can make clear plans for a bright future by understanding how financial services work.
This blog is called Money Blog Scotland, however, bar a few articles, such as How Does A Trust Deed Work – which is only applicable to people in Scotland, the majority of information, I hope, should be useful for anyone in the UK.
I must also state here that I am not a financial adviser and the articles on this website are not in any way advice. If you need a financial adviser, you can visit www.unbiased.co.uk where you will find details of local financial advisers.