Foxtons looking at bankruptcy

UK estate agent Foxtons could face a possible bankruptcy. The founder sold the company in 2007 for 360m, and he got out at a good time. The lesson here is to never be wildly optimistic about future returns for your finances. Take things slow and steadily. Having an exit strategy in place to get your money back and more, is a vital part of any investment strategy. Nobody can predict the future, but the least you can do is plan what you would do to survive financially if things were as worse as possible. Always think of ways you would recover from any setback.

The housing market in the UK continues to worsen, but there is still money to be made if you look hard enough.

I got a cheque today for £50 from my premium bonds investments, so my year is getting off to a fantastic financial start. Money comes to those who seek it.